103 views
Photo by Chuttersnap from Unsplash.

Industrial properties boosted CapitaLand India Trust's Q3 total property income

Total property income grew by 13%.

CapitaLand India Trust's total property income (TPI) went up 13% to $53.5m (₹3,041m) in the third quarter (Q3) of 2022 compared to the TPI last year.

The increase stemmed from income contribution from industrial properties such as Building Q1, Arshiya Warehouse 7 and Industrial Facility at MWC.

READ: CapitaLand Investment’s revenue rose to $598m in Q1

This increase also led to the growth of net property income which grew 8% to $41.5m (₹2,358m).

It was, however, mitigated by an increase in total property expenses.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.