Staff Reporter
,
Singapore
Photo by Chuttersnap from Unsplash.
Total property income grew by 13%.
CapitaLand India Trust's total property income (TPI) went up 13% to $53.5m (₹3,041m) in the third quarter (Q3) of 2022 compared to the TPI last year.
The increase stemmed from income contribution from industrial properties such as Building Q1, Arshiya Warehouse 7 and Industrial Facility at MWC.
READ: CapitaLand Investment’s revenue rose to $598m in Q1
This increase also led to the growth of net property income which grew 8% to $41.5m (₹2,358m).
It was, however, mitigated by an increase in total property expenses.
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