Brookfield India REIT Q1 net operating income rises 13 pc to Rs 499 cr
net operating income
to Rs 498.6 crore for the first quarter of this fiscal year and announced plans to raise up to Rs 1,000 crore through issue of
preferential units
to investors.
Its Net Operating Income (NOI), which is revenue from operation minus direct operating expenses, stood at Rs 439.9 crore in the year-ago period, according to a regulatory filing on Friday.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
healthcare
Data Science
Management
Healthcare
CXO
Finance
Degree
Operations Management
Product Management
Data Science
Digital Marketing
MBA
others
Leadership
MCA
Artificial Intelligence
Others
PGDM
Cybersecurity
Public Policy
Design Thinking
Technology
Data Analytics
Project Management
Skills you'll gain:
Duration:
11 Months
IIM Lucknow
CERT-IIML Healthcare Management India
Starts on
undefined
Get Details
The company, an institutionally managed real estate investment trust (REIT) backed by rent-yielding office assets, announced distribution of Rs 319 crore to unitholders (Rs 5.25 per unit) for June quarter of 2025-26 fiscal.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Looking for a Solar Panel System? Compare Offers Now
Solar panel | Search Ads
Learn More
Brookfield India REIT
also plans to raise up to Rs 1,000 crore through issue of preferential units to investors. It will issue up to 3.23 crore units at Rs 310 per unit.
"The fiscal year began on a strong note with healthy
leasing momentum
, robust
occupancy levels
, and continued growth in distributions," said Alok Aggarwal, Chief Executive Officer and Managing Director, Brookfield India REIT.
Live Events
He noted that the company's operating performance remains resilient on steady demand for its high-quality assets across key markets.
The company leased 6.51 lakh square feet area in the June quarter. The occupancy level has improved to 89 per cent.
"Our proposed fund raise of Rs 10 billion through preferential issue will further strengthen our ability to pursue large growth opportunities," Aggarwal said.
The board has approved a preferential issue of Rs 1,000 crore to a mix of investors including corporate treasuries, family offices and high net-worth individuals.
"This fund raise, combined with the Rs 3,500 crore raised in December 2024, will strengthen our capacity to pursue large growth opportunities," the company said.
Brookfield India REIT also said that it is in talks with the sponsor group for potential
acquisition of grade A properties
across Bengaluru and Chennai.
The REIT has 10 Grade A commercial assets in Delhi, Mumbai, Gurugram, Noida, Kolkata.
Its 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
Kisan Credit Card accounts in PSBs down 1.8% to 22.5 million in FY25
Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier New Delhi Listen to This Article The number of Kisan Credit Card (KCC) accounts in public sector banks fell by 1.8 per cent year-on-year to 22.5 million in FY25, even as the outstanding loan amount grew by a marginal 2.2 per cent growth to ₹41,300 crore during the period, a senior government official said on the condition of anonymity. The decline in active KCC accounts reflects multiple structural shifts in rural lending, the official said. 'Farmers' incomes have improved over the years, with many moving out of farming, while in some states they increasingly prefer co-operative banks, NBFCs or input-linked credit like fertilier cards, reducing drawdowns
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
Shivraj Chouhan echoes PM's call, urges citizens to use indigenous products
Union Agriculture and Farmers Welfare Minister Shivraj Singh Chouhan on Sunday once again echoed the Prime Minister's appeal by urging citizens to purchase products made within the country. Prime Minister Narendra Modi had on Saturday, during the disbursement of the 20th instalment of the PM-Kisan Samman Nidhi in Varanasi, urged the nation to buy indigenous products. Reaffirming the government's commitment to strengthening the economy, the Union Agriculture Minister reiterated the Prime Minister's appeal today: "Dear sisters and brothers--nieces and nephews, everyone lives for themselves--insects, birds, and animals. But what's the point of living only for oneself? We must live for our country. Living for the nation is what the Honourable Prime Minister taught us yesterday. He appealed to us to buy only those products for our homes that are made in our own country." "Dear sisters and brothers, whether something is made in your village, in a nearby city, in your district, in your state, or anywhere in our country, buy only those things. The Indian economy is growing rapidly. Today, we are ranked fourth in the world, and very soon, we will reach the third position. And this nation of 1.44 billion people is a huge market. If we resolve to buy and use only things made in our country, then our farmers, our small-scale producers, self-help groups, and local artisans- everyone will see their income increase. And when their earnings grow, our economy will become stronger. Why should our money go abroad? Let it provide livelihoods to our own children. I will live for my country, and you too should live for the means, buy only products that are Made in India. Thank you!" Earlier, he said that the welfare of farmers is a top priority of the government under the leadership of Prime Minister Narendra Modi. Addressing the gathering of farmers, officials and dignitaries in Patna, Agriculture Minister Chouhan said that with the help of the Direct Benefit Transfer scheme, the government is ensuring that the assistance reaches directly into the accounts of the farmers. Highlighting the measures for farmers' welfare, under the leadership of Prime Minister Narendra Modi, Chouhan said that with the help of DBT (Direct Benefit Transfer), the government is ensuring that the assistance reaches directly into the accounts of the farmers. He said, "Earlier, farmers used to get only a few pennies of Rs 1 sent by the government, but now they receive the whole amount without any leakage.
Time of India
19 minutes ago
- Time of India
UK CALLING TN: FTA OPPORTUNITY
What does Tamil Nadu stand to gain from the recently announced free trade agreement with the UK? Quite a lot. It offers the state the "opportunity to expand its global industrial footprint across sectors where it already holds a competitive edge," says state industries minister TRB Rajaa. That's because the sectors that the FTA will positively impact include auto components, textiles, leather, and footwear – all of which are critical industries in TN's manufacturing and export basket. Says industry secretary V Arun Roy: "The UK FTA is a big positive for TN. In textiles, it makes our exports to Britain more competitive, and they are expected to more than double. The leather and footwear industry will also witness an export surge. Another beneficiary of more business and job creation will be our well-developed auto component industry." Auto components form the largest chunk of TN's nearly $117 billion (FY24-25) engineering export ecosystem. According to Shradha Suri Marwah, president, ACMA, the FTA will benefit the component sector through better "export opportunities in areas such as electric mobility, precision engineering, and lightweight materials." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now Undo Rajaa is unequivocal about how big the potential can be. "In the auto and auto components, the tariff reduction from over 100% to just 10% creates massive upside," he says. "Tamil Nadu's globally connected auto industry, which includes companies like Tata Motors (through Jaguar Land Rover) and TVS Motor Company (which owns Norton), can now seamlessly integrate their UK and Indian operations, scaling faster and creating more high-value jobs here in the state," he adds. State-headquartered auto giants are chuffed about this chance to tap the global market via the UK. Says Arun Roy, "The automobile industry with UK operations like Tata-JLR and TVS can use this low tariff opportunity to closely integrate their TN operations with their global supply chain." TVS Motor MD Sudarshan Venu greeted the FTA for opening up "new frontiers for Indian companies to take 'Make in India' to the world". The company, which is preparing to launch its British brand Norton's vehicles this year, "will benefit from the strengthening of trade links between India and the UK," he adds. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai For TN companies with a presence in the UK, the FTA will be a "strategic enabler", says R Dinesh, chairman, TVS Supply Chain Solutions. "As a company with a presence in both India and the UK, (the FTA) will accelerate our ability to deliver cost-effective solutions to global customers." And where the companies go, skills follow. "The state is also a leader in creating qualified professionals in the service sector. These professionals will get more job opportunities in the UK," says Arun Roy. Regarding exports, Tamil Nadu's current strength lies in passenger vehicles (PVs), auto components, and tyres. But, it is now eyeing segments like electric drivetrains and engine management systems to "diversify its portfolio," said state MSME secretary Atul Anand in an earlier interview. The Tamil Nadu Industrial Policy 2021 and EV Policy 2023 incentivize investments in EVs and electronics manufacturing as part of the state's focus on high-value components. The state faces competition from global manufacturing hubs, such as China and South Korea, which have established dominance in EV components. The FTA will be a clear advantage on that front. Given that MSMEs "form the backbone of the auto component industry, they stand to gain from the liberalized terms of trade and improved access to UK markets," adds Marwah. The agreement will be critical for TN's other industries, such as textiles, where TN clocked $8 billion worth of exports last fiscal. "In textiles, the deal is expected to more than double exports from hubs like Tirupur to the UK, making our high-quality knitwear even more attractive in European markets," says Minister TRB Rajaa. The industry seems to concur. According to Dr A Sakthivel, vice chairman of the Apparel Export Promotion Council, the FTA will allow exporters to enjoy a stronger edge over the competition from Bangladesh, Vietnam, and China in the UK market. The same goes for footwear and leather, where Tamil Nadu makes up for nearly 40% of India's output. "The reduction in UK tariffs will boost both traditional leather goods and our fast-growing non-leather manufacturing clusters," Rajaa adds. J Rafiq Ahmed, chairman of Kothari Industrial Corporation, believes that the FTA "will make it cheaper to export labour-intensive goods". Given that the UK is India's third-largest trading partner as far leather and leather products are concerned and TN clocked $1.63 billion in leather exports in FY24-25, the zero duty deal is important for the state's exporters. With inputs from Vaitheeswaran B Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
