CapitaLand India Trust’s DPU rises 6% YoY in 2024

Recent acquisitions and higher rental income drove this increase.

CapitaLand India Trust’s (CLINT) distribution per unit (DPU) for FY2024 grew by 6% year-on-year (YoY) to $0.0684

Net property income (NPI) also increased by 16% YoY in INR terms and 14% in SGD terms.

In Indian Rupee terms, total property income for the period increased by 21% to $272m (INR17.4b).

This growth was driven by recent acquisitions, higher rental income from existing assets, and positive rent reversions.

Recent acquisitions include aVance II Hinjawadi in Pune, Building Q2 at Aurum Q Parc in Navi Mumbai, and Industrial Facilities 2 and 3 at Mahindra World City in Chennai.

In addition, portfolio occupancy improved to 95%, led by the trust’s proactive customer engagement.

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