CapitaLand India Trust Reports 8% Increase In 1H 2026 Distributable Income
New Delhi, July 30, 2026: CapitaLand India Trust (CLINT) reported an 8 percent year-on-year increase in distributable income to S$64.2 million for the six months ended June 30, 2026 (1H 2026). The Trust’s strong performance was driven by income contributions from newly completed developments—including CapitaLand Data Centre Navi Mumbai Tower 1—stronger operating results from existing properties, and higher interest income, CLINT said in a press release.
CLINT’s 1H 2026 distribution per unit (DPU) rose 13 percent year-on-year in Indian Rupee (INR) terms. However, due to a 12 percent year-on-year depreciation of the INR against the Singapore Dollar (SGD), DPU increased by 1.0 percent year-on-year in SGD terms to 4.00 Singapore cents. This includes an advanced distribution of 1.44 Singapore cents paid on April 10, 2026, following a private placement in February. Unitholders on record as of August 18, 2026, will receive the remaining DPU of 2.56 Singapore cents on September 23, 2026. On an annualized basis, the 1H 2026 DPU translates to a distribution yield of 7.9 percent based on the closing price of S$1.02 on June 30, 2026.
Total property income in INR terms rose 3 percent year-on-year to INR 9.9 billion, while net property income (NPI) increased 6 percent to INR 7.8 billion, expanding NPI margin from 76.1 percent to 78.1 percent. In SGD terms, 1H 2026 total property income and NPI stood at S$137.6 million and S$107.5 million, respectively, impacted by foreign exchange movements. The portfolio maintained a committed occupancy of 91 percent as of June 30, 2026, alongside positive rental reversions of 24 percent over the past 12 months.
Commenting on the results, Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT), credited the performance to disciplined portfolio execution: “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,” Nagabhushanam added. “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.”
Operationally, the Trust achieved major milestones across its data center and forward purchase portfolios. In July 2026, the first 50 MW gross capacity at CapitaLand Data Centre Navi Mumbai Tower 1 was fully handed over to its hyperscaler tenant, with full income contribution expected from August 2026. Data centers in Hyderabad and Chennai remain on track for completion by late 2026 amid active leasing discussions. Additionally, two completed forward purchase projects in Hyderabad—aVance 5 and aVance A1—surpassed 75 percent leasing commitments, marking them for potential acquisition upon stabilization.
