CapitaLand India Trust Q3 net property income rises 2% to US$42 million
Total property income is flat in rupee terms, but falls 10% in Singapore dollar terms amid currency depreciation
CapitaLand India Trust reported a 2% rise in its Q3 net property income to US$42 million, despite a 10% decline in Singapore dollar terms. The total property income remained flat at 5.1 billion rupees, while falling 10% in Singdollar terms compared to the previous year. The higher income was attributed to existing properties, with a decrease due to the absence of revenue from divested CyberPearl and CyberVale.
For the nine months ending Sep 30, total property income rose 2% year-on-year to 15 billion rupees, and NPI increased 4% to 11.7 billion rupees.
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