Singapore, November 3, 2023 -- 
The CLINT team: (L-R) Nitin Sathasivam, Senior Manager, Investments; Aron Chan, Senior Manager, Portfolio Management; Dr Ernest Kan; Non-Executive Independent Director; Mrs Deborah Ong, Non-Executive Independent Director; Cheah Ying Soon, Chief Financial Officer; Sanjeev Dasgupta, Chief Executive Officer; Vishnu Shahaney, Non-Executive Independent Director; Sumit Gera, Head, Trust Portfolio Management; Cynthia Pang, Senior Manager, Finance; and Rohith Bhandary, Head, Investments.
CapitaLand India Trust (CLINT) has won the “Highest Weighted Return on Equity (ROE) over three years” award in the Real Estate Investment Trusts category at The Edge Singapore Billion Dollar Club Awards 2023. The accolade acknowledges CLINT’s improvement in ROE based on its distributable income over net assets across the past three financial years, demonstrating CLINT’s resilience amid COVID-19. CLINT had previously won this award, formerly known as the “Most Profitable Company” award, in 2017 and 2018.
At a glance
- Company
- CapitaLand India Trust
- Announcement
- Award
- Location
- Singapore
Key figures
- Minimum market capitalisation for award programme
- S$1 billion
People
- Sanjeev DasguptaChief Executive Officer of CapitaLand India Trust Management Pte. Ltd.
- Nitin SathasivamSenior Manager, Investments
- Aron ChanSenior Manager, Portfolio Management
- Dr Ernest KanNon-Executive Independent Director
- Deborah OngNon-Executive Independent Director
- Cheah Ying SoonChief Financial Officer
- Vishnu ShahaneyNon-Executive Independent Director
- Sumit GeraHead, Trust Portfolio Management
Products and programs
"This award recognises CLINT’s proactive efforts to add value to our portfolio and deliver sustainable returns to our unitholders. Key to our success is our strategy of achieving growth and profitability through development and forward purchases of quality assets. We have established a strong brand reputation in developing and managing IT parks in India and have been diversifying into other new economy asset classes such as logistics, industrial and data centres. We will continue to leverage our strong financial position to expand CLINT’s presence in the country."
Mr Sanjeev Dasgupta, CEO of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT)
About the award
Launched in 2017, The Edge Singapore Billion Dollar Club recognises excellence in companies listed on the Singapore Exchange, with at least S$1 billion in market capitalisation.
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
Questions around this news
What is return on equity, and how was it assessed for this award?
Return on equity (ROE) is a measure of profitability relative to an entity’s equity or net assets. For this award, the release says the assessment used distributable income over net assets across three financial years. It does not provide the award’s detailed weighting method or the trust’s specific ROE figures.
What strategy did the trust identify as supporting growth and profitability?
The trust’s CEO said its approach includes developing quality assets and making forward purchases. The release also describes a focus on developing and managing IT parks in India, alongside diversification into logistics, industrial and data-centre assets. The CEO said the trust planned to continue using its financial position to expand its presence in India.
What is a real estate investment trust?
A real estate investment trust, or REIT, is an investment vehicle that owns, operates or finances income-producing real estate. It allows investors to hold an interest in a property portfolio without directly buying or managing each property. REIT structures and the rules governing distributions, taxation and investor rights vary by jurisdiction.
