NDR InvIT Trust rental income rises 30% in FY26

NDR InvIT Trust reported a robust operational performance for the quarter and year ended March 31, 2026, with rental income rising 30% to INR 4,202.39 Mn in FY26 from INR 3,241.10 Mn in FY25. The Board of Directors of NDR Invit Managers Private Limited, acting as the investment manager, met on May 27, 2026, to approve the audited standalone and consolidated financial results and declared a distribution of INR 1.92 per unit for the quarter ended March 31, 2026.

Operational Performance

The Trust's Assets Under Management stood at 22.17 million square feet as of March 31, 2026. Warehouse occupancy remained robust at over 99% for the quarter ended March 31, 2026. The portfolio comprises over 40 industrial parks and 70 warehouses across 17 cities, with top 10 clients accounting for approximately 30% of the leased area.

Financial Highlights

Rental income for Q4 FY26 increased to INR 1,091.46 Mn from INR 945.38 Mn in Q4 FY25. EBITDA for the quarter rose to INR 964.45 Mn from INR 924.92 Mn in the corresponding period of the previous year. The Trust maintained a low loan-to-value ratio below 18.39%, reflecting balance sheet strength. The Net Asset Value (NAV) stood at INR 142.03 per unit as of March 31, 2026.

Financial Metric	Q4 FY26 (INR Mn)	Q4 FY25 (INR Mn)	FY26 (INR Mn)	FY25 (INR Mn)
Revenue from operations	1,091.46	945.38	4,202.39	3,241.10
EBITDA	964.45	924.92	3,821.07	2,959.42
Profit Before Tax	429.61	408.72	1,708.04	1,689.92

Distribution Details

The Board declared a total distribution of INR 879.43 Mn for Q4 FY26. The distribution of INR 1.92 per unit comprises INR 0.971 as return of capital and INR 0.949 as interest income. The record date for determining eligibility is set on or before June 2, 2026, and the payment will be made on or before June 9, 2026.

Regulatory Compliance

The Board approved the adoption of the amended Risk Management policy and the revised Terms and Conditions for the appointment of Independent Directors. M/s Joseph & Rajaram, Chartered Accountants, were appointed as Internal Auditors, and M/s. Rahul A. Jain & Co, Practicing Company Secretaries, were appointed as Secretarial Auditor for FY27. The Trust confirmed compliance with all financial covenants for its listed non-convertible debentures as of March 31, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-0.55%	+11.48%	+20.62%	+30.77%

NDR InvIT Trust has disclosed the ultimate beneficial ownership details of the proposed allottees regarding its preferential issue of units. The disclosure was submitted to the National Stock Exchange of India Limited on May 20, 2026, and is an integral part of the Postal Ballot Notice dated April 17, 2026, along with subsequent revisions and corrigenda.

The preferential issue is being undertaken pursuant to the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended, and other applicable laws. The Investment Manager to the InvIT, NDR InvIT Managers Private Limited, provided the details to ensure compliance with regulatory disclosure requirements.

Beneficial Ownership Details

The following table outlines the proposed allottees and their respective ultimate beneficial owners:

Sr. No.	Name of Proposed Allottee	Name of Ultimate Beneficial Owner(s)
1	Infrastructure and Real Assets Fund	Abhishek Dixit Ashish Kumar Jain Shravan Agarwal Chatra Sreekumar
2	ASKWA Income Opportunities AIF	Somnath Mukherjee

The information has been uploaded on the official website of the Trust. The preferential allotment is subject to the approval of the Unitholders through the postal ballot process. The Trust has requested the exchange to place the information on record.