New Delhi: Brookfield India Real Estate Trust announced a 93 pc increase in its net operating income, reaching Rs 439.9 crore, and also approved a distribution of Rs 216 crore for the quarter ending in June 2024. The net operating income (NOI) was Rs 227.5 crore in the same period last year.
In a regulatory filing on Wednesday, Brookfield India Real Estate Trust announced a distribution of Rs 216 crore, which is equal to Rs 4.50 per unit for the quarter ending June 30, 2024. The company recorded a net profit of Rs 37.35 crore in the first quarter of the current fiscal, compared to a loss of Rs 27 crore in the same period last year. Income increased to Rs 590.91 crore from Rs 320.73 crore in the period being analyzed.
Brookfield India Real Estate Trust successfully leased out 2,42,000 square feet at a rate of Rs 135 per square foot. In the June quarter, the company announced the successful purchase of a 50 per cent share in a 3.3 million square feet commercial portfolio in Delhi-NCR from Bharti Enterprises for Rs 1228 crore.
Brookfield India REIT oversees 10 top-quality properties situated in Delhi, Mumbai, Gurugram, Noida, and Kolkata. The portfolio includes 28.8 million square feet in total, with 24.2 million square feet being currently in operation, 0.6 million square feet under construction, and 4 million square feet reserved for future development.
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