pstrongThe REIT attributed the increase to higher property income./strong/p pIncreased property income propelled CapitaLand India Trust's (CLINT) net property income (NPI) up 18% YoY in SGD terms and 19% YoY in Indian Rupee terms in 1Q24./p pBased on its latest financial statement, CLINT recorded an NPI of $49.4m (₹3.1b).
Increased property income propelled CapitaLand India Trust's net property income up 18% YoY in SGD terms and 19% YoY in Indian Rupee terms in 1Q24.
Based on its latest financial statement, CLINT recorded an NPI of $49.4m . The NPI growth for the period, however, was offset by an increase in total property expenses.CLINT attributed its improved property income to higher rental income from properties and income contributions from acquisition and development.
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