Feb, 02 2026 – CapitaLand India Trust (CY6U) reported solid full-year results for the 12 months ended Dec 31 2025, with total property income rising 6 per cent year on year to 294.4 million Singapore dollars, and net property income (NPI) up 9 per cent to 224.9 million Singapore dollars.

The real estate investment trust declared a distribution per unit (DPU) of 7.87 Singapore cents, an increase of 22 per cent from FY 2024. Net asset value stood at 1.38 Singapore dollars per unit, unchanged from the previous year. Portfolio metrics remained healthy, with committed occupancy at 91 per cent, a trailing-12-month rental reversion of 21 per cent, gearing at 39.6 per cent and an average cost of debt of 5.6 per cent.

For the second half of 2025, total property income improved 2 per cent year on year to 145.1 million Singapore dollars, while NPI advanced 9 per cent to 111.3 million Singapore dollars. Second-half DPU climbed 22 per cent to 3.90 Singapore cents.

During the year the trust completed its first asset sale, divesting CyberPearl and CyberVale in September, and in December agreed to sell a 20.2 per cent stake in three data centres under development to CapitaLand India Data Centre Fund for 7.0 billion Indian rupees (about 99.7 million Singapore dollars), representing a 13.7 per cent premium to an independent valuation. The three facilities carry a combined enterprise value of 738 million Singapore dollars.

Growth initiatives included the completion of the 0.8 million-sq-ft MTB 6 at International Tech Park Bangalore and the signing of a forward purchase for a 1.1 million-sq-ft office project in Bangalore’s Nagawara district. Development works continue on the 0.9 million-sq-ft MTB 7 at International Tech Park Bangalore and the 1.0 million-sq-ft redevelopment of Orion at International Tech Park Hyderabad.

To strengthen its balance sheet, CapitaLand India Trust issued 100 million Singapore dollars of perpetual securities and, on Jan 02 2026, raised 9.15 billion Indian rupees (about 130 million Singapore dollars) via its first onshore bond at 7.25 per cent. Onshore borrowings now make up 16 per cent of total debt, with a medium-term target of 40–50 per cent to enhance the natural hedge against currency and tax exposures. The trust’s average debt maturity stands at 2.5 years, with 72.6 per cent of borrowings on fixed rates.

Looking ahead, CapitaLand India Trust continues to progress a committed pipeline comprising 7.3 million sq ft of forward-purchase assets, 1.9 million sq ft of IT park developments and 200 MW of data-centre capacity, positioning the REIT for further growth.