India, July 30: CapitaLand India Trust reported an 8 percentage year-on-year increase in distributable income to SDollar 64.2 million for the six months ended 30 June 2026. The positive performance was driven by income contributions from newly completed development and CapitaLand Data Centre Navi Mumbai Tower 1, stronger operating performance from existing properties as well as higher interest income.
CLINT’s 1H 2026 distribution per unit increased 13 percentage YoY in Indian Rupee terms. However, because of the depreciation of the INR during this period, DPU increased by 1.0 percentage YoY in SGD terms to 4.00 Singapore cents. This includes the advanced distribution of 1.44 Singapore cents for the period from 1 January to 4 March 2026, which was paid to unitholders on 10 April 2026, following CLINT’s private placement on 24 February 2026.
With the record date on Tuesday, 18 August 2026, CLINT’s unitholders will receive the DPU of 2.56 Singapore cents for the period from 5 March to 30 June 2026 on Wednesday, 23 September 2026. On an annualised basis, CLINT’s 1H 2026 DPU translates to a distribution yield of 7.9 percentage based on the closing price of S$1.02 as at 30 June 2026.
1H 2026 total property income increased by 3 percentage YoY to INR 9.9 billion and net property income increased 6% YoY to INR 7.8 billion. CLINT’s NPI margin improved YoY from 76.1 percentage to 78.1 percentage, driven by proactive portfolio management to enhance operational efficiency and leasing performance.
The strong performance was led by higher occupancy, positive rental reversions and income contributions from newly completed developments, including MTB 6 at International Tech Park Bangalore and CapitaLand Data Centre Navi Mumbai Tower 1. In addition, higher interest income from CLINT’s six forward purchase assets that are under development drove distributable income growth, despite the absence of income following the divestments of CyberPearl and CyberVale.
Average foreign exchange rates for the INR depreciated 12% YoY on Singapore dollar terms. Consequently, 1H 2026 total property income and NPI decreased 8% YoY and 5% YoY to S$137.6 million and S$107.5 million, respectively.
Mr Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd., said:
“CLINT’s strong performance in 1H 2026 reflects the resilience of our portfolio and the disciplined execution of our multi-pronged strategy. We maintained healthy occupancy levels and delivered positive rental reversions, while enhancing financial flexibility through capital recycling and proactive capital management.”
“We are pleased to have successfully developed, leased and handed over CLINT’s first liquid-cooled data centre to a global hyperscaler tenant at CapitaLand Data Centre Navi Mumbai Tower 1. This milestone validates the quality of our assets and provides a strong foundation for future earnings growth in this sector. Together with our forward purchase programme and development projects, these initiatives have strengthened the quality of our portfolio and enhanced the visibility of future income streams, positioning us well to deliver sustainable returns to unitholders.”
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