Brookfield India Real Estate Trust reported a 16% year-on-year increase in net operating income (NOI), reaching Rs 488.5 crore for the quarter ending March. In the same period last year, its NOI stood at Rs 422 crore.
The company also declared a distribution of Rs 319.1 crore (equivalent to Rs 5.25 per unit) to unitholders for the March quarter, reflecting a 10.5% rise compared to the fourth quarter of FY24, as per its regulatory filing.
For the full fiscal year 2024-25, Brookfield India REIT’s NOI rose by 37%, climbing to Rs 1,854 crore from Rs 1,350 crore in the previous year.
The company announced total distributions of Rs 1,053.7 crore (Rs 19.25 per unit) for the last fiscal year, marking an 8.5% increase compared to the 2023-24 financial year.
“Our fiscal 2025 has been a remarkable all-round performance, delivering strong leasing, double-digit same-store growth, higher distributions, and a marquee acquisition,” said Alok Aggarwal, CEO and Managing Director, Brookfield India Real Estate Trust.
“Our Rs 47 billion of capital issuance reflects investor confidence in our long-term strategic vision. With 2 million square feet of ongoing conversions in our SEZ properties and a robust leasing pipeline, we are well-positioned for sustained growth over the next year,” he added.
Brookfield India Real Estate Trust secured gross leasing of approximately 3 million square feet, comprising 2.2 million square feet of new leases and 0.8 million square feet in renewals.
Over 50% of the leasing activity took place in SEZ properties, reflecting a steady recovery in demand, according to the company.
Brookfield India REIT currently manages 10 Grade A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata.
Brookfield India Real Estate Trust continues to show strong performance, with significant growth in net operating income, strategic leasing activity, and increased distributions to unitholders. The company’s focus on high-demand sectors such as SEZ properties and its portfolio of Grade A assets in key Indian cities positions it well for sustained growth in the coming years.
