FCC

Brookfield REIT Q4 NOI Rises 16%, Distributes Rs 3.19 Bn

2025-05-09

Brookfield India Real Estate Trust has reported a 16 per cent rise in net operating income (NOI) for the quarter ended March 2025, reaching Rs 4.89 Bn, up from Rs 4.22 Bn in the same quarter of the previous year. The trust also declared a distribution of Rs 3.19 Bn, or Rs 5.25 per unit, to unitholders — a 10.5 per cent increase year-on-year.

For the full financial year 2024–25, the trust’s NOI grew by 37 per cent to Rs 18.54 Bn from Rs 13.5 Bn in the prior year. Total distributions stood at Rs 10.54 Bn, or Rs 19.25 per unit, reflecting an 8.5 per cent increase.

Chief Executive Officer and Managing Director Alok Aggarwal stated that fiscal 2025 marked strong performance across leasing, distributions, and capital issuance. The trust raised Rs 47 Bn in capital and is undertaking two Mn square feet of space conversions in its Special Economic Zone (SEZ) assets.

Brookfield achieved three Mn square feet of gross leasing, with 2.2 Mn square feet of new leases and 0.8 Mn square feet of renewals. Over 50 per cent of this activity was concentrated in SEZ properties.

Brookfield India REIT manages 10 Grade A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its portfolio includes 29 Mn square feet of leasable area, comprising 24.5 Mn square feet operational, 0.6 Mn square feet under construction, and 3.9 Mn square feet earmarked for future development.

Source:PTI – Rediff Money Desk