CapLand India Tr - 1st quarter results update is out Total Property Income is up 12 percent to 74.6m vs 66.9m last year. Net property income is up also 12 percent to 55.1m vs 44.9m last year. It seems that the results update is quite good!
Higher rental income was due to higher rental from existing properties and also new acquisition in 2024. Positive rental reversion of 9%. Occupancy rate is about 92%. Gearing is slightly higher at 41.5%. Income distribution policy is to distribute 90% of its income available for Distribution.
Pls dyodd.
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