Currency ImpactDistributions from CLINT are generated in INR but paid in SGD, which means the DPU will be negatively impacted if the INR depreciates.
Economic OutlookDeterioration in the Indian economic outlook or companies outsourcing operations to India may negatively impact demand for space and rents.
Interest RatesInterest rate hikes result in higher interest payments, reducing income available for distribution, although more than 75% of the trust’s debt is fixed.