Brookfield India REIT Q4FY25: Reports strong growth with 37% jump in NOI
The Brookfield India REIT portfolio consists of 29 million square feet of total leasable area, comprising 24.5 million square feet of operating area, 0.6 million square feet of under-construction area, and 3.9 million square feet of future development potential.
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The shares of Brookfield India Real Estate Trust (BIRET) Limited were trading flat at ₹290.94 on the NSE today at 10.20 am.
Brookfield India Real Estate Trust (BIRET) announced robust financial results for the fourth quarter and fiscal year ended March 31, 2025, with significant growth across key metrics.
The company reported a 37 per cent year-over-year increase in Net Operating Income to ₹1,854 crore for FY2025, while Income from Operating Lease Rentals grew by 36 per cent to ₹1,748.9 crore compared to the previous fiscal year.
BIRET achieved approximately 3.0 million square feet of gross leasing during FY2025, including 2.2 million square feet of new leasing and 0.8 million square feet of renewals. The committed occupancy increased by 6 per cent year-over-year, reflecting strong demand for their properties.
For Q4 FY2025, the company recorded 651,000 square feet of gross leasing with an average re-leasing spread of 28 per cent. Net Operating Income for the quarter grew by 16 per cent year-over-year to ₹488.5 crore.
The REIT announced a distribution of ₹319.1 crore (₹5.25 per unit) for Q4, which is 10.5 per cent higher than the same period last year. Total distributions for FY2025 reached ₹1,053.7 crore (₹19.25 per unit), an 8.5 per cent increase over FY2024.
BIRET completed the acquisition of a 50 per cent stake in a 33 lakh square feet commercial portfolio in Delhi-NCR from Bharti Enterprises for ₹1,228 crore in Q1FY2025 and raised ₹3,500 crore via QIP in Q3FY2025, creating headroom for future growth.
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Published on May 6, 2025
