Brookfield REIT Reports 53% Increase in Net Operating Income in Q4, Distributes Rs 5.50 per Unit

Brookfield India Real Estate Trust Reports Significant Growth in Q1 FY2026

Brookfield India Real Estate Trust (BIRET), sponsored by Brookfield Asset Management, has reported a net operating income of Rs 743 crore for the January-March quarter, marking a significant increase of 53 percent over the same quarter last year. The operating lease rentals for the quarter also grew by 56 percent to Rs 712 crore.

The REIT's strong performance was driven by the recent acquisition of the 7.7 million square Ecoworld commercial property in Bengaluru for $1.5 billion. This acquisition has brought significant lease rentals as well as marquee tenants into the portfolio, contributing to the REIT's growth. For the quarter, BIRET declared a distribution of Rs 5.50 per unit.

Key highlights of the quarter include a gross leasing of 1.6 million square feet, with half of it from global capability centers, a key market for REITs. The REIT's re-leasing spreads, which indicate the change in rentals between an expiring lease and a newly-signed lease, stood at 15 percent, signifying strong demand for office space.

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For the 2025-26 financial year, BIRET's net operating income grew by 24 percent to Rs 2,291 crore, driven by a 23 percent increase in operating lease rentals. Total distribution for the year grew by around 11 percent to Rs 21.40 per unit.

The REIT management attributes its growth to fundraises from various investors, as well as assets slated to be rolled into the REIT from sponsors Brookfield. This positions the trust on a growth path, with steady leasing momentum expected to drive embedded income growth and a high-quality asset pipeline held by the Sponsor Group.