Brookfield India REIT to Raise ₹10,000 Crore Through Preferential Issue
Brookfield India REIT has scheduled an extraordinary meeting on August 26, 2025, to seek approval for a preferential issue of 3,22,58,065 units at ₹310 per unit, aiming to raise ₹10,000 crore from 47 third-party investors. The funds will be used for debt repayment, equity contributions, capital expenditure, and future growth. Notable investors include 360 One Real Asset Advantage Fund, Larsen & Toubro Limited, and LTIMindtree Limited. Post-issue, the sponsor group's holding is expected to decrease from 26.45% to 25.12%. The company recently announced its Q2 2025 financial results, with an earnings call playback available until August 19, 2025.
01Aug 25
Brookfield India REIT Approves Rs 10 Billion Preferential Issue, Reports 17% Growth in Distributions
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.
01Aug 25
Brookfield India REIT Declares Rs 5.25 Per Unit Distribution for Q1 FY2026
Brookfield India REIT has declared a distribution of Rs 5.25 per unit for Q1 FY2026, totaling Rs 3,190.70 million. The distribution includes interest payment, capital repayment, dividend, and interest on fixed deposits. The record date is set for August 6, 2025, with payment scheduled by August 13, 2025. The Board approved the financial results for the quarter ended June 30, 2025, which were reviewed by statutory auditors. Detailed financial metrics were not disclosed in the announcement.
29Jul 25
Brookfield India REIT Sets Board Meeting for Q1 FY26 Results and Distribution Declaration
Brookfield India REIT has scheduled a board meeting for August 1, 2025, to review Q1 FY26 financial results, declare unitholder distribution, and discuss potential fund-raising options. The record date for distribution is set for August 6, 2025, with payments expected by August 13, 2025. The board will also consider a preferential issue or other fund-raising methods.
19Mar 25
Brookfield Corp Reduces Stake in BIRET, Credit Rating Reaffirmed
Brookfield Corp has sold a 5.13% stake in Brookfield India Real Estate Trust (BIRET) for ₹883.00 crore, reducing its holding to just over 26%. Two sponsor group members released encumbrances on 4,88,91,701 units. ICRA Limited reaffirmed BIRET's AAA(Stable) long-term and A1+ short-term credit ratings, indicating strong financial stability.