Brookfield India REIT Sees Profitable Growth with Robust Leasing and Investment Plans
Brookfield India Real Estate Trust reported a net operating income increase of 13% to Rs 498.6 crore in the first quarter. It aims to raise Rs 1,000 crore through preferential units issuance. With high leasing activity and robust occupancy, the company is set to leverage significant growth opportunities.
- Country:
- India
In a substantial boost to its financial performance, Brookfield India Real Estate Trust has announced a 13 percent rise in its net operating income, reaching Rs 498.6 crore for the first fiscal quarter. This growth comes alongside plans to issue preferential units to raise up to Rs 1,000 crore.
The company's net operating income (NOI), defined as revenue less direct expenses, rose from Rs 439.9 crore in the same period last year, as confirmed by its regulatory filing. A distribution of Rs 319 crore to unitholders, equating to Rs 5.25 per unit, has also been approved for the June quarter of the 2025-26 fiscal.
CEO and Managing Director Alok Aggarwal stated that the company's operational resilience is underlined by steady demand for high-quality assets across key markets. With an improved occupancy level at 89 percent and plans to lease 6.51 lakh square feet, Brookfield India REIT is well-positioned for expansive growth, supported by a Rs 10 billion funds raise.
(With inputs from agencies.)
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