NEW DELHI: Brookfield India Real Estate Trust (Brookfield REIT) has announced a year-on-year increase of 14% in its net operating income (NOI), reaching ₹5,404 million for the third quarter and nine months ending December 31, 2025, up from ₹4,745 million in Q3 FY25.
The company declared distributions of ₹5.40 per unit, totaling ₹4 billion for Q3 FY26, marking a 10% year-on-year growth.
Income from operating lease rentals also rose by 13% year-on-year, increasing to ₹5,003 million from ₹4,426 million in Q3 FY25. Additionally, same-store NOI showed a rise of 9% year-on-year.
“We achieved strong leasing results with a quarterly gross leasing of 1.2 million square feet, which helped us improve our committed occupancy to 92%. Our successful capital raise of ₹55 billion, backed by significant participation from renowned global and domestic institutional investors, indicates continued confidence in our business outlook and the quality of our portfolio,” stated Alok Aggarwal, CEO and Managing Director of the company.
Gross leasing for the quarter stood at 1.2 million sq ft, with an average re-leasing spread of 17%, resulting in a committed occupancy increase of approximately 500 basis points year-on-year. Notably, 44% of this contribution came from global capability centers (GCCs).
During the quarter, the company also finalized the acquisition of a 100% stake in Ecoworld, a grade A office campus spanning 7.7 million sq ft and located on the Outer Ring Road in Bengaluru.
The successful capital raise of ₹55 billion involved a diverse clientele of domestic and global marquee institutional investors, including ₹35 billion from a qualified institutional placement (QIP) that witnessed a 3x subscription. Additionally, the issuance of ₹20 billion in sustainability-linked bonds (SLBs) was anchored by the International Finance Corporation (IFC).
