Brookfield REIT Q3 NOI Rises 11% to Rs 5.03 Bn

31 Jan 2025 CW Team

Brookfield India Real Estate Trust reported an 11 per cent increase in adjusted net operating income (NOI) to Rs 5.03 billion for the quarter ended December 2024.In a regulatory filing, the company also declared distribution of Rs 29billion or 4.90 per unit for the quarter ended December 31, 2024.

Adjusted Net Operating Income grew by 40 per cent year-on-year during the April-December period of this fiscal to Rs 14.64 Bn from Rs 10.45 billiom in the year-ago period.

Brookfield India REIT manages 10 Grade A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata.

The Brookfield India REIT portfolio consists of 289 lakh sq ft of total leasable area, comprising 243 lakh sq ft of operating area, 6 lakh sq ft of under-construction area and 4 lakh sq ft of future development potential.

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