- CapitaLand India Trust (SGX:CY6U) reported a 3% and 8% y-o-y increase in TPI and NPI to INR4.9b and INR3.8b, respectively, as the impact from divestments was offset by contributions from new developments.
- - Read this at SGinvestors.io -
Disappointing 1Q26 as FX headwinds obscure healthy underlying performance.
- In S$ terms, however, total property income (TPI) and net property income (NPI) declined 8% and 3% y-o-y to S$69.0m and S$53.4m, respectively, largely due to INR depreciation.
- CapitaLand India Trust is actively looking to raise its proportion of INR onshore debt from 23% currently to 40-50% of total borrowings over the next few years, which would increase its level of natural hedge, and has also entered into monthly forward contracts to lock in semi-annual repatriations of income from India to Singapore.
- - Read this at SGinvestors.io -
Outlook for the year remains broadly intact despite geopolitical uncertainties.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Ada Lim CFA OCBC Group Research | https://www.iocbc.com/ 2026-04-24
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
