CapitaLand India Trust (SGX: CY6U)
CapitaLand India Trust, or CLINT, is an Indian property trust with a portfolio of 10 IT business parks, three industrial facilities, one logistics park, and four data centre developments. The REIT’s assets under management (AUM) stood at S$3.1 billion as of 31 March 2024. CLINT entered into a forward purchase agreement to acquire 2.5 million square feet (sqft) of IT buildings in HITEC City, India....The REIT sector remains under pressure because of the combination of high interest rates and inflation.
Income investors can, however, still rely on REITs for steady, reliable income.
Meanwhile, REIT managers are also not sitting still but remain active in capital recycling.
Capital recycling involves replacing older, lower-yielding properties with newer ones through acquisitions and divestments.
Here are four REITs you can keep your eye on for June that have engaged in capital recycling in recent weeks.
