For the 9MFY2023 or year-to-date (ytd), total property income rose 20% y-o-y to INR10.4 billion, due to higher occupancy and income contribution from ITPH Block A and ITPP-H which were completed and acquired in Jan and May 2023 respectively.
9MFY2023 NPI rose by 16% to INR8.14 billion, due to the higher total property income, partially offset by increase in total property expenses.
As at Sept 30, CLINT’s portfolio occupancy stood at 92%, with a weighted average lease expiry (WALE) of 3.5 years.
For this period, CLINT’s fixed rate debt is at 71%, and has a gearing ratio of 37%. Its interest service coverage stood at 2.6 times.
See also: Keppel Pacific Oak US REIT’s 1QFY2025 distributable income falls by 19.3% y-o-y to US$9.6 mil
CLINT’s cash and cash equivalent as at Sept 30 stood at $182 million.
Units in CLINT are trading 6 cents lower, or 5.88% down at 96 cents on Oct 26.
