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Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income for the quarter ended March 2026, supported by higher leasing activity and improved occupancy across its office portfolio. The REIT declared a distribution of INR 456.43 crore, or INR 5.50 per unit, for the March quarter, taking total FY26 distributions to INR 1,516.17 crore. The company recorded gross leasing of 4 million sq ft during the financial year, while occupancy rose five per cent year-on-year. During the year, the REIT also acquired the Ecoworld office asset in Bengaluru to expand its portfolio scale and diversification. Brookfield India REIT currently manages 11 Grade A office assets across major Indian cities with a total leasable portfolio of 37 million sq ft.
Brookfield India Real Estate Trust has reported a 52 per cent increase in net operating income (NOI) to INR 742.9 crore for the quarter ended March 31, 2026, while announcing a distribution of INR 456.43 crore to unitholders, according to a regulatory filing issued in the past week. Advertisement
The office REIT said its annual NOI rose to INR 2,291.3 crore during FY26 from INR 1,854 crore in the preceding financial year, reflecting stronger leasing activity and improved occupancy across its commercial office portfolio. The board approved a distribution of INR 5.50 per unit for the March quarter.
The quarterly distribution comprises interest payments on shareholder loans, repayment of special purpose vehicle (SPV) debt and non-convertible debentures (NCDs), dividends, and interest earned on fixed deposits.
Including distributions made during the previous three quarters, Brookfield India REIT distributed a total of INR 1,516.17 crore, or INR 21.40 per unit, during FY26. The company stated that the annual distribution represented an 11 per cent increase year-on-year.
Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India REIT, said FY26 had been a strong operational year for the trust, supported by record gross leasing of 4 million sq ft. He indicated that the leasing activity contributed to occupancy growth of five per cent on a year-on-year basis, supporting income growth across the portfolio.
Aggarwal further stated that the acquisition of Ecoworld in Bengaluru during the financial year added scale and diversification to the REIT’s office platform. The acquisition strengthened the trust’s exposure to Bengaluru, one of India’s largest office markets with sustained demand from technology and global capability centre occupiers.
The company also stated that it had raised more than INR 82 billion in equity from April 2025 onwards from institutional and marquee investors. According to the management, the capital raise has strengthened the REIT’s position to pursue future growth opportunities and acquisitions.
Aggarwal added that steady leasing momentum across the portfolio was expected to support embedded income growth in the coming periods. He also noted that the trust continued to have access to a pipeline of office assets held by its sponsor group, which could support future expansion.
Brookfield India REIT currently manages 11 Grade A office assets located across Delhi, Mumbai, Bengaluru, Gurugram, Noida, and Kolkata. Its portfolio comprises 37 million sq ft of total leasable area, including 32.5 million sq ft of operational assets, 0.6 million sq ft under construction, and an additional 4 million sq ft earmarked for future development potential.
Source - PTI
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