CapitaLand India Trust (CLINT)

Right Timing

Taming inflation would boost the prices of these two stocks

Inflation gauge could cause risk-free rates to ease, benefitting these two stocks

REITs

CapitaLand India Trust to invest $34.7 mil in 2.5 mil sq ft of IT buildings in Hyderabad hub

The acquisition is expected to be accretive to CLINT's DPU.

Broker's Calls

DBS raises CLINT’s TP to $1.30, calls it the ‘fastest growing REIT’ with an inbuilt pipeline

DBS keeps 'buy' on CapitaLand India Trust with raised target price, points to strong pipeline of projects and healthy DPU CAGR.

Results

CapitaLand India Trust records 1QFY2024 net property income of INR3.07 bil, up 19% y-o-y

Total property income for the same period was up 26% y-o-y to INR4.15 billion or $66.9 million.

Broker's Calls

OCBC initiates coverage on CapitaLand India Trust with $1.18 fair value target

CLINT stands out among Singapore listed property trusts due to its progressive portfolio expansion and revenue diversification
CapitaLand India Trust to invest in three industrial facilities at OneHub Chennai - THE EDGE SINGAPORE

REITs

CapitaLand India Trust to invest in three industrial facilities at OneHub Chennai

The transaction follows CLINT’s earlier forward purchase transactions for three industrial facilities at Mahindra World City.

Results

CapitaLand India Trust reports 2HFY2023 DPU of 3.09 cents, 21% lower y-o-y

Total property income for the 2HFY2023 stood at INR7.58 billion ($122.3 million), 23% higher y-o-y

Sustainability

CapitaLand India Trust commissions 21MW captive solar plant in Tamil Nadu

The power generated from the plant will be utilised mainly for the common areas of CLINT’s assets in Tamil Nadu.

REITs

CapitaLand India Trust completes acquisition of industrial facilities in Chennai

Following the acquisition, CLINT’s total completed floor area for its portfolio has increased to 19.6 million sq ft.
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