Brookfield India REIT Approves Rs 10 Billion Preferential Issue, Reports 17% Growth in Distributions 20 hours ago Yesterday
Brookfield India REIT (BIRET) reported strong Q1 FY24 results with 9% YoY growth in Operating Lease Rentals to Rs 4,583 million and 13% YoY increase in Net Operating Income to Rs 4,986 million. Distributions rose 17% YoY to Rs 5.25 per unit. The REIT achieved gross leasing of 651,000 sq ft and increased committed occupancy to 89%. BIRET's Board approved a Rs 10 billion preferential issue at Rs 310 per unit, a 12.7% premium to IPO price. The REIT is exploring potential acquisitions in Bangalore and Chennai, anticipating further growth from lease-ups, market-to-market realizations, and contractual escalations.
Brookfield India REIT Declares Rs 5.25 Per Unit Distribution for Q1 FY2026 20 hours ago Yesterday
Brookfield India REIT Sets Board Meeting for Q1 FY26 Results and Distribution Declaration 3 days ago
Brookfield Corp Reduces Stake in BIRET, Credit Rating Reaffirmed Mar 19, 2025