CapitaLand India Trust (CLINT)

Results

CapitaLand India Trust reports 2HFY2023 DPU of 3.09 cents, 21% lower y-o-y

Total property income for the 2HFY2023 stood at INR7.58 billion ($122.3 million), 23% higher y-o-y

Sustainability

CapitaLand India Trust commissions 21MW captive solar plant in Tamil Nadu

The power generated from the plant will be utilised mainly for the common areas of CLINT’s assets in Tamil Nadu.

REITs

CapitaLand India Trust completes acquisition of industrial facilities in Chennai

Following the acquisition, CLINT’s total completed floor area for its portfolio has increased to 19.6 million sq ft.

REITs

CapitaLand India Trust prices JPY4 bil notes due 2028

The notes will bear interest at 1.45% per annum, paid semi-annually in arrears and are expected to be issued on Dec 6.

REITs

CapitaLand India Trust secures INR13 bil onshore loan for Navi Mumbai data centre development

The five-year construction loan from J.P. Morgan India will finance the data centre phase one development.
FLCT is overall sector and PAT growth winner - THE EDGE SINGAPORE

Billion Dollar Club 2023

FLCT is overall sector and PAT growth winner

Over the years, FLCT has spent $5 billion on accretive acquisitions

Broker's Calls

DBS analysts lower TP for CLINT despite strong 3QFY2023 results, due to depreciation of INR-SGD

Analysts Dale Lai and Derek Tan have maintained their “buy” call, but lowered their target price to $1.35.

Results

CapitaLand India Trust reports 23% y-o-y increase of total property income at INR3.75 bil for the 3QFY2023

CapitaLand India Trust’s net property income rose 22% y-o-y, due to higher total property income.
CapitaLand India Trust’s projected three-year DPU CAGR of 7% has DBS analysts reiterating 'buy' call - THE EDGE SINGAPORE

Broker's Calls

CapitaLand India Trust’s projected three-year DPU CAGR of 7% has DBS analysts reiterating 'buy' call

CLINT is one of the fastest growing REITS, but 1HFY2023’s DPU was affected by the strong Singapore dollar.
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