FY24 DPU was below our expectations due to NPI margin compression.
- However, the NPI margin for 2H24 fell short of expectations at 72%, a decrease of ~4 percentage points (ppt) from the 76% margin in 2H23, primarily due to higher operating costs.
- - Read this at SGinvestors.io -
- Operational performance remained strong, with occupancy increasing by 1 ppt to 92% and rental reversions ranging from +1% to +9%, except for aVance Hyderabad, which saw a -1% change due to the impact of a rent-free period. Management anticipates this positive trend to continue into FY25.
Further developments on two key divestment plans
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Donavan Tan OCBC Investment Research | https://www.iocbc.com/ 2025-01-28
Read also OCBC's most recent report:
2026-04-24 CapitaLand India Trust - A Blip On The Radar.
Previous report by OCBC:
2026-02-26 CapitaLand India Trust - Tapping The Equity Market For Forward Purchases.
Price targets by other brokers at CapitaLand India Trust Target Prices.
Listing of research reports at CapitaLand India Trust Analyst Reports.
Relevant links:
CapitaLand India Trust Share Price History,
CapitaLand India Trust Announcements,
CapitaLand India Trust Dividend Payout Dates & Corporate Actions,
CapitaLand India Trust News
