CapitaLand India Trust (CY6U) told participants at the DBS Global Financial Markets – Regional Property Conference 2026 on Jan, 07 2026 that it plans to lift its portfolio floor area by about 44 per cent to 31.3 million sq ft by 2028, driven by 7.3 million sq ft of forward-purchase assets, 1.4 million sq ft of data-centre projects and 0.9 million sq ft of new IT-building developments.

The manager said the Singapore-listed trust has grown its portfolio more than five-fold since listing in 2007, reaching 21.7 million sq ft of completed space as at Sep, 30 2025. Dividend yield stood at 6.5 per cent based on the annualised first-half 2025 distribution per unit (DPU) of 3.97 Singapore cents and a Dec, 31 2025 closing price of 1.22 Singapore dollars.

For the six months to Jun, 30 2025, total property income climbed 14 per cent year on year to 9.63 billion Indian rupees (149.3 million Singapore dollars), while net property income rose 14 per cent to 7.32 billion rupees (113.6 million Singapore dollars). First-half DPU grew 9 per cent in Singapore-dollar terms.

The trust completed its first asset recycling move in Sep, 2025, selling CyberPearl and CyberVale for 9.8 billion rupees (143.8 million Singapore dollars), 3 per cent above valuation, cutting gearing to 40.9 per cent from 42.3 per cent. It also agreed on Dec, 31 2025 to divest a 20.2 per cent stake in three data-centre developments to CapitaLand India Data Centre Fund for 7.0 billion rupees (99.7 million Singapore dollars), 13.7 per cent above valuation, generating an estimated net gain of 8.66 billion rupees (123 million Singapore dollars).

To bolster its natural hedge and tap local tax efficiencies, CapitaLand India Trust issued its inaugural onshore bond of 9.15 billion rupees (130 million Singapore dollars) on Jan, 02 2026 at a 7.25 per cent coupon, and targets shifting 40 to 50 per cent of borrowings onshore over the next three to four years. Average debt cost was 5.8 per cent with 77.2 per cent on fixed rates, and the trust has 780 million Singapore dollars of headroom before reaching the 50 per cent gearing ceiling.

Occupancy across the portfolio improved to 91 per cent by Oct, 31 2025, with a weighted average lease expiry of 6.7 years and rental reversions averaging plus 15 per cent over the 12 months to Sep, 30 2025.

Management reiterated its strategy of expanding via forward purchases, data-centre and business-park developments, recycling capital through selective divestments, and maintaining prudent funding policies while distributing at least 90 per cent of income in Singapore dollars.