CapitaLand India Trust (CY6U) presented at the UBS Global Real Estate CEO/CFO Conference on Dec, 2 2025, outlining a growth pipeline that is expected to lift its portfolio floor area by 44 % to 31.3 million sq ft by 2028.

The Singapore-listed India-focused property trust reported that total property income for the nine months ended Sep, 30 2025 rose 10 % year on year to 225.2 million Singapore dollars, while net property income increased by the same margin to 172.1 million Singapore dollars. For the first half of 2025, income to be distributed per unit grew 9 % to 3.97 Singapore cents.

Committed portfolio occupancy reached 89 % at Sep, 30 2025 and improved to 91 % by Oct, 31 2025, supported by a 15 % positive rental reversion. The trust’s gearing ratio fell to 40.9 % from 42.3 % three months earlier, aided by the September divestment of the CyberPearl and CyberVale properties, which generated net proceeds of 158.8 million Singapore dollars and a 3 % premium to valuation. Average cost of debt stood at 5.8 %, with 77.2 % of borrowings on fixed rates.

Operational milestones during the third quarter included the completion and full leasing of the 50-MW Tower 1 at the Navi Mumbai data centre to a global hyperscaler, marking the trust’s maiden data-centre development. Construction also progressed on the 0.9-million-sq-ft MTB 7 building in Bangalore and the 1.2-million-sq-ft Ebisu project, which is now fully pre-committed.

CapitaLand India Trust continues to pursue forward-purchase agreements and data-centre developments, supported by a development pipeline of 4.6 million sq ft and 55 MW at Navi Mumbai’s Tower 2, 42 MW at Hyderabad ITPH and 53 MW at Chennai. The trust aims to boost recurring income through these projects while maintaining at least 90 % distribution of income available for payout.

The trust ended September with a market capitalisation of about 1.6 billion Singapore dollars and maintained its MSCI ESG rating of “A”, with a GRESB score of 92 and a 5-Star rating.