For the 9MFY2024 or year-to-date, total property income saw a 20% y-o-y increase to INR12.7 billion, following income contributions from Building Q2, which was acquired in July.
CapitaLand India Trust (CLINT) has reported a total property income of INR4.3 billion ($68.8 million) for the 4QFY2024 ended Sept 30, 14% higher y-o-y. This y-o-y growth was due to higher income from existing properties.
During this period, CLINT’s net property income (NPI) rose 15% y-o-y to INR3.3 billion ($53 million). The higher NPI came on the back of higher total property income, which was partially offset by an increase in total property expenses.
