- CapitaLand India Trust’s total property income and NPI were up 12% y-o-y (14% in local currency terms) to S$74.6m and S$55.1m, respectively – The trust enjoyed higher rental income from existing properties and income contribution from assets acquired in 2024. These constituted 22.5% of our initial full year forecasts.
- - Read this at SGinvestors.io -
Update on divestment plans.
- Gearing rose back up 3 percentage points (ppt) from 38.5% as at 31 Dec 2024 to 41.5% as at 31 Mar 2025, due to debt drawdown for working capital purposes and funding of development projects.
- - Read this at SGinvestors.io -
- Cost of debt remained stable at 6%, with 84.5% of debt on fixed rates, and management expects this to remain stable for the next quarter.
Entry into new forward purchase agreement.
- Read more at SGinvestors.io.
