Brookfield India Real Estate Trust standalone net profit declines 9.61% in the March 2024 quarter

In the first nine months of FY24, its income from operating lease rentals grew by 43 percent YoY to Rs 878.1 crore and adjusted net operating income grew by 46 percent YoY to Rs 1045.4 crore.

Brookfield REIT’s Q3 net operating income rises 89% YoY

Its portfolio consists of 18.7 million square feet comprising 14.3 million square feet of completed area, 0.6 million square feet of under construction and 3.9 million square feet of future development potential.

Brookfield India REIT Q1 net operating income rises to Rs 245 crore; to distribute Rs 164 crore to unitholders

Brookfield India Real Estate Trust and GIC are acquiring the two commercial assets in Mumbai and Gurugram, which have a total built-up area of 6.5 million square feet and are owned by Brookfield Asset Management’s private real estate funds.

Brookfield India REIT to raise Rs 400 crore via preferential issue

Brookfield India REIT is planning to raise an additional up to Rs 1,150 crore through a combination of preferential issue of units to its sponsor group and commercial paper following its qualified institutional placement (QIP) worth Rs 2,305 crore earlier this week.

Brookfield India REIT plans to raise up to Rs 1,150 cr in addition to QIP

“The support of institutions for the fund raise has helped us expand and diversify our investor base and stands as a testament to the quality of office portfolio we have built in the country,” said Ankur Gupta, Managing Partner, Head of Real Estate for the APAC region at Brookfield.

Brookfield India REIT raises Rs 2,305 crore from 64 institutional investors

Proceeds from the placement would be directed towards financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds

Brookfield India Real Estate Trust raises ₹2,305 crore via QIP

Brookfield India REIT raises ₹2,305 cr via QIP to fund acquisition of 50% stake in two assets. 9.13 cr units issued to 64 investors at ₹252.50/unit, 5% discount to floor price. Board to meet again to consider more fund raising options. REIT manages 14.3 mn sq ft of completed assets, 6 lakh sq ft und…

Brookfield India REIT raises ₹2,300 crore via QIP to fund acquisition of two assets

Except a single large deal of GIC and Brookfield REIT, private equity investors stay away from the market in June quarter

PE investment subdued in India in first quarter of FY24

Currently, there are only four listed REIT entities in India. Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India REIT are office space-backed REITs, While Nexus Select Trust is the first mall and retail-asset-backed REIT in India.

REIT firms plan to form an association

Brookfield India Real Estate Trust plans to raise up to Rs 3,500 crore through issues of units to institutional investors

Brookfield India Real Estate Trust Plans To Raise Up To Rs 3,500 Crore

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Brookfield India Real Estate Trust owns and operates commercial real estate assets located mainly in Mumbai, Gurgaon, Noida and Kolkata.

Brookfield India Real Estate Trust