CapitaLand India Trust reports S$28.7 million net loss for YTD Jun, 30 2026 despite steady 91% portfolio occupancy

SGX Filings
Jul 29

CapitaLand India Trust has released supplementary information for the six months ended Jun, 30 2026, showing total property income of 137.6 million Singapore dollars and net property income of 107.5 million Singapore dollars. Ordinary profit before tax reached 39.4 million Singapore dollars, but a 38.4 million Singapore dollars realised foreign-currency translation reserve loss on divestment contributed to a net loss after tax of 28.7 million Singapore dollars for the period.

Income available for distribution amounted to 64.2 million Singapore dollars, supporting a distribution per unit of 4.00 Singapore cents for the year-to-date.

As at Jun, 30 2026, the trust’s completed portfolio comprised 22.0 million sq ft of super built-up area, with a committed occupancy of 91 %, a weighted average lease expiry of 6.4 years and a tenant retention rate of 35 %. The portfolio’s city exposure was diversified across Bangalore (31 %), Hyderabad (26 %), Pune (19 %), Chennai (16 %) and Mumbai (8 %). The trust housed 300 tenants, with 56 % of base rent from global capability centres, 52 % of rent from U.S. firms and 30 % from Indian companies.

Balance-sheet metrics show a net asset value of 1.23 Singapore dollars per unit, illustrative NAV of 1.43 Singapore dollars per unit and a loan-to-value ratio of 38.0 %. Effective borrowings stood at 1.70 billion Singapore dollars, 74.5 % of which are on fixed rates, at a weighted average cost of debt of 5.6 %.

The trust’s top three tenants as at Jun, 30 2026 were Amazon, Applied Materials and Bristol Myers Squibb, reflecting continued demand from global technology and healthcare occupiers across its Indian business park and industrial portfolio.

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