BROOKFIELD INDIA REAL ESTATE TRUST REPORTS Q4 AND
ANNUAL FINANCIAL YEAR 2025 RESULTS
Brookfield India Real Estate Trust (Tickers: BSE: 543261, NSE: BIRET) (“BIRET”), India’s only 100% institutionally managed office REIT, today announced financial results for the fourth quarter and financial year ended March 31, 2025.
“Our fiscal 2025 has been a remarkable all-round performance, delivering strong leasing, double digit same-store growth, higher distributions and a marquee acquisition. Our Rs.47 billion of capital issuance reflects investor confidence in our long-term strategic vision. With 2.0M sf of ongoing conversions in our SEZ properties and a robust leasing pipeline, we are well-positioned for sustained growth over the next year.” said Alok Aggarwal, CEO and Managing Director, Brookfield India Real Estate Trust.
KEY HIGHLIGHTS: FY2025
Leasing
▪ Achieved gross leasing of ~3.0M sf, including 2.2M sf of new leasing and 0.8M sf of renewals. More than 50% of the leasing was in SEZ properties, indicating steady demand recovery
▪ Committed occupancy increased by 6% YoY backed by robust leasing efforts
▪ Achieved 8.7% average escalation on 6.4M sf of leased area and a mark-to-market
of 19% on re-leasing of 1.8M sf.
Financials
▪ Income from Operating Lease Rentals grew by 36% YoY to Rs. 17,489 million (from Rs. 12,829 million in FY2024).
▪ Net Operating Income(1) grew by 37% YoY to Rs. 18,540 million (from Rs. 13,500 million in FY2024).
▪ Announced distributions totaling Rs. 10,537 million (Rs. 19.25 per unit), 8.5% higher than FY2024.
Note: (1). Excluding income support in N2 and G1
Acquisition and Capital Raise
▪ In Q1FY2025, completed the acquisition of a 50% stake in a 3.3M sf commercial portfolio in Delhi-NCR from Bharti Enterprises for Rs. 12,280 million.
o Issued 40.93 million units to Bharti Enterprises at Rs. 300 per unit (18.5% premium to floor price).
▪ In Q3FY2025, raised Rs. 35 billion via QIP, backed by marquee global and domestic investors, creating headroom for future growth.