For the 9MFY2022 or year-to-date (ytd), total property income rose 9% y-o-y to INR8.80 billion due to income contribution from aVance 6 at aVance Hyderabad, Building Q1 at Aurum Q Parc, Arshiya Warehouse 7 and Industrial Facility at MWC.
CapitaLand India Trust (CLINT), formerly Ascendas India Trust (a-iTrust), has reported a total property income of INR3.04 billion ($53.5 million), 9% higher y-o-y. The y-o-y growth was attributable to the income contribution from Building Q1, Arshiya Warehouse 7 and Industrial Facility at MWC.
During the quarter, CLINT’s net property income (NPI) rose 4% y-o-y to INR2.36 billion or $41.5 million. The higher NPI came due to the higher total property income but offset by the increase in total property expenses.
