Brookfield India REIT (BIRET), India's only 100% institutionally managed office REIT, has announced strong quarterly results and a significant capital raise initiative, signaling confidence in its growth trajectory and market position.

Key Financial Highlights

For the quarter ended June 30, BIRET reported robust financial performance:

• Income from Operating Lease Rentals grew by 9% year-over-year to Rs 4,583.00 million
• Net Operating Income (NOI) increased by 13% year-over-year to Rs 4,986.00 million
• Distributions rose by 17% year-over-year to Rs 5.25 per unit, totaling Rs 3,190.00 million

Strong Leasing Momentum

BIRET demonstrated strong leasing activity during the quarter:

• Achieved gross leasing of 651,000 square feet
• Realized an average re-leasing spread of 22%
• Increased committed occupancy to 89%, marking a 9% improvement over the last 18 months since the notification of SEZ reforms

Capital Raise and Growth Initiatives

The Board of Directors has approved a preferential issue of Rs 10.00 billion, subject to unitholder approval. This capital raise will involve issuing up to 32.3 million units at Rs 310.00 per unit to a diverse group of investors, including corporate treasuries, family offices, and high net-worth individuals. The issue price represents a 12.7% premium to the IPO price.

Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India Real Estate Trust, commented on the results and future outlook: "The fiscal year began on a strong note with healthy leasing momentum, robust occupancy levels, and continued growth in distributions. We expect to grow occupancy to more than 95%, driving ~13% growth in NOI and ~22% growth in distribution over the current quarter. Our proposed fundraise of Rs 10 billion through preferential issue will further strengthen our ability to pursue large growth opportunities."

Acquisition Pipeline and Financial Position

BIRET is in discussions with its sponsor group for potential acquisitions of grade A properties in Bangalore and Chennai. The REIT's strong financial position is underscored by its dual AAA credit rating and the fact that 88% of its borrowings are repo-linked, positioning it well to benefit from the lower interest rate environment.

Outlook

Looking ahead, BIRET anticipates further embedded growth from:

• Lease-up of vacant areas
• Market-to-market realizations
• Contractual escalations

These factors are expected to contribute to higher net operating income and distributions in the coming quarters.

Conclusion

Brookfield India REIT's strong quarterly results, coupled with its strategic capital raise and potential acquisition plans, reflect its robust position in India's commercial real estate market. The REIT's focus on high-quality assets in key gateway markets continues to drive its performance and attract investor interest.

Brookfield India REIT has announced its financial results for the first quarter of the fiscal year 2026, along with a significant distribution to unitholders. The Board of Directors of Brookprop Management Services Private Limited, the manager of Brookfield India REIT, approved these results in a meeting held on August 1, 2025.

Distribution Details

The Board has approved a distribution of Rs 5.25 per unit, totaling Rs 3,190.70 million for the quarter ended June 30, 2025. This distribution is structured as follows:

Unitholders should note that the record date for this distribution is set for August 6, 2025. The payment is scheduled to be made on or before August 13, 2025.

Financial Performance

While specific financial metrics were not disclosed in the announcement, the trust's performance appears to be stable, allowing for this substantial distribution to unitholders. The distribution mix, which includes interest, capital repayment, dividend, and interest on fixed deposits, suggests a diversified approach to returning value to investors.

Corporate Governance

The financial results for the quarter ended June 30, 2025, were reviewed by statutory auditors before being approved by the Board. This process underscores Brookfield India REIT's commitment to transparency and adherence to regulatory standards.

Investor Relations

Brookfield India REIT continues to maintain open communication with its investors. The trust has announced that a press release, investor presentation, and other relevant documents approved by the board will be filed separately and made available on their official website.

Market Impact

The announcement of this distribution is likely to be well-received by unitholders and may positively impact the trust's market performance. The consistent ability to provide returns to investors, especially in the form of regular distributions, is often seen as a sign of financial health and stability in the REIT sector.

As the real estate market continues to evolve, Brookfield India REIT's performance and distribution policies will be closely watched by investors and industry analysts alike. The trust's ability to maintain such distribution levels in future quarters will be a key indicator of its ongoing success and the health of the commercial real estate sector in India.

Investors and interested parties can find more detailed information about the financial results and related documents on Brookfield India REIT's official website: https://www.brookfieldindiareit.in/financial-updates/#results .