Brookfield India REIT Q4 Net Operating Income Rises 16% to Rs 488.5 Crore

Brookfield India Real Estate Trust (Brookfield India REIT) saw its Net Operating Income (NOI) grow by 16% year-on-year for the quarter ended March 2025 to Rs 488.5 crore from Rs 422 crore for the same quarter of the earlier year. The company also announced a distribution of Rs 319.1 crore to its unitholders, amounting to Rs 5.25 per unit a 10.5% increase from the comparable quarter of FY24.

 

For the entire fiscal year 2024-25, Brookfield India REIT recorded a 37% rise in NOI to Rs 1,854 crore from Rs 1,350 crore seen in the previous fiscal. Distributions for the fiscal were Rs 1,053.7 crore or Rs 19.25 per unit, an 8.5% rise compared to the previous year.

 

Alok Aggarwal, Managing Director and CEO, termed FY25 a year of 'exceptional all-round performance', attributing leasing momentum, double-digit same-store rental growth, and a whopping Rs 47 billion capital issuance as signs of investors' faith in the trust's long-term plan.

 

The REIT registered gross leasing activity of around 3 million square feet for the year. This comprises 2.2 million square feet of new leases and 0.8 million square feet of renewals. Significantly, more than 50% of the leasing activity occurred in Special Economic Zone (SEZ) properties, reflecting ongoing recovery in demand.

 

Brookfield India REIT operates 10 Grade A commercial buildings in prime markets such as Delhi, Mumbai, Gurugram, Noida, and Kolkata. Its portfolio consists of 29 million square feet of combined leasable area comprising 24.5 million square feet of operational space, 0.6 million square feet under development, and 3.9 million square feet for future development.

 

With a robust leasing pipeline and 2 million square feet of current SEZ conversions, the REIT is well-positioned for continued growth in the next year.