During the third quarter, CLINT received progressive income contribution from Navi Mumbai Data Centre (DC) Tower 1; secured 100% pre-commitment at Ebisu, a forward purchase project at Outer Ring Road, Bangalore; and commenced development of MTB 7 in International Tech Park Bangalore (ITPB). MTB stands for mult-tenanted building.
CapitaLand India Trust (CLINT) announced 10% y-o-y growth in total property income and net property income (NPI) to $225.2 million and $172.1 million respectively, for the nine months to end-Sept (9MFY2025). 3QFY2026’s total property income and NPI also rose by 10% y-o-y to $76 million and $58.6 million respectively.
Committed occupancy was stable at 91%, and rental reversions for the period rose by 15%. Aggregate leverage fell by 1.4 ppts y-o-y to 40.9% and average cost of debt declined by 0.2 ppt y-o-y to 5.8%.
