Brookfield India REIT Reports 13% Q1 Net Operating Income Growth
Brookfield India Real Estate Trust has reported a robust 13% increase in its net operating income for the first quarter of this fiscal year, attributed to healthy leasing momentum and encouraging occupancy levels.
Its Net Operating Income (NOI), which is revenue from operations minus direct operating expenses, stood at ₹498.6 crore in the first quarter of this fiscal year, compared to ₹439.9 crore in the same period last year, according to a regulatory filing on Friday.
The company, an institutionally-managed real estate investment trust (REIT) backed by rent-yielding office assets, has announced a distribution of ₹319 crore to unitholders (₹5.25 per unit) for the June quarter of the 2025-26 fiscal year.
“The fiscal year began on a strong note with healthy leasing momentum, robust occupancy levels, and continued growth in distributions,” said Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India REIT. He added that the company’s operating performance remains resilient due to steady demand for its high-quality assets across key markets.
Brookfield India REIT also plans to raise up to ₹1,000 crore through the issue of preferential units to investors, which will be issued at ₹310 per unit. It will issue up to 3.23 crore units.
“Our proposed fund raise of ₹10 billion through preferential issue will further strengthen our ability to pursue large growth opportunities,” Aggarwal said. He added that this fund raise, combined with the ₹3,500 crore raised in December 2024, “will strengthen our capacity to pursue large growth opportunities.”
Brookfield India REIT is also in talks with the sponsor group for potential acquisition of Grade A properties across Bengaluru and Chennai. It has leased 6.51 lakh square feet of area in the June quarter, and the occupancy level has improved to 89%.
The REIT has 10 Grade A commercial assets in Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its portfolio consists of 29 million square feet of total leasable area, comprising 24.5 million square feet of operating area, 0.6 million square feet of under construction area, and 3.9 million square feet of future development potential.
