Core Viewpoint - CapitaLand India Trust (CLINT) has shown strong financial performance in its latest business update for 3Q and 9M FY2025, with total property income and net property income increasing by approximately 10% in Singapore Dollar terms, attributed to higher income from existing properties and contributions from acquisitions and completed developments [4][5][6][17]. Financial Performance - For 3Q FY2025, total property income was S$76.0 million, up 10.5% from S$68.8 million in 3Q FY2024, while net property income rose to S$58.6 million, a 10.6% increase from S$53.0 million [5]. - For 9M FY2025, total property income reached S$225.2 million, a 9.9% increase from S$204.9 million in 9M FY2024, with net property income also improving to S$172.1 million from S$156.6 million [7][8]. Portfolio Occupancy - CLINT's overall portfolio occupancy rate slightly decreased to 91.0% in 3Q FY2025 from 92.0% in 2Q FY2025, primarily due to minor dips in occupancy rates of specific properties [9][11]. - Most properties maintain occupancy rates of at least 91%, indicating strong demand, with only aVance II Pune showing a lower occupancy rate of 74% [12]. Debt Profile - The aggregate leverage improved to 40.1% in 3Q FY2025 from 42.3% in 2Q FY2025, aided by debt repayment from proceeds of asset divestments [15]. - The average cost of debt decreased to 5.8% from 5.9%, continuing a downward trend since 2Q FY2023 when it was at 6.3% [14][15][18]. - The debt maturity profile is well-spread, with only 1% of leases due for renewal in 4Q FY2025 and a significant portion (45%) not due until FY2029 or later [13][16].