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CapitaLand India Trust (CLINT)
REITs
CapitaLand India Trust announces $150 million EFR to develop properties in India
CapitaLand India Trust announced preferential EFR of $150 million to develop three properties in Hyderabad and Bangalore
June 19, 2023
Broker's Calls
DBS maintains 'buy' rating for CLINT, whose project pipeline shows 'insatiable' growth potential
The DBS analysts have lowered their target price to $1.45 from $1.50 previously.
May 18, 2023
Results
CLINT reports 1QFY2023 net property income of $42 mil, up 5% y-o-y
With a development pipeline, the REIT will see a 77% growth in floor area to 29.9 million sq ft.
April 26, 2023
Broker's Calls
Citi lowers CapitaLand India Trust TP to $1.25 amid higher debt cost
Citi attributes CLINT's underperformance to higher debt cost and potential capital-raising requirements.
April 20, 2023
Broker's Calls
CapitaLand India Trust remains in the sweet spot to deliver accretive acquisitions to unitholders: DBS
With micro markets seeing declining vacancy rates, DBS expects CLINT's overall portfolio occupancy levels to improve in 2023.
February 08, 2023
Results
CapitaLand India Trust reports 2HFY2022 DPU of 3.91 cents, 9% higher y-o-y
Total property income for 2HFY2022 stood at INR4.78 billion ($76.5 million), 11% higher y-o-y.
February 06, 2023
Broker's Calls
CLINT’s accretion of International Tech Park Pune-Hinjawadi should result in 'benign' DPU accretion: Citi
Analyst Brandon Lee has maintained 'buy' on CLINT with a 12-month TP of $1.50 and an expected dividend yield of 7.5%.
December 30, 2022
REITs
CLINT proposes to acquire International Tech Park Pune from CLI subsidiary and JV partner for $221.9 mil
The total sale consideration represents a premium of around 9% to CLI’s valuation of the tech park in December 2021.
December 29, 2022
Insider moves
MFS becomes CLINT's substantial shareholder again after buying units at lower price; DBS sells 1 mil units in CLAS
The sale brought DBS’s stake in CLAS to 37.97% or around 1.308 billion units.
December 24, 2022
Insider moves
Massachusetts Financial Services Financial Company no longer substantial shareholder of CapitaLand India Trust
MFS sold 883,700 units in CLINT via market transaction at $1.13 each on Dec 20.
December 22, 2022