CLINT wins "Highest Weighted ROE over three years" award
CapitaLand India Trust wins "Highest Weighted Return on Equity over three years" award at The Edge Singapore Billion Dollar Club Awards 2023
Singapore, 3 November 2023 – 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.
"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."
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.