Brookfield India Real Estate Trust REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Brookfield India REIT submitted its half-yearly report for H1 FY2026. Gross leasing reached 1.2M sf (1.1M sf new + 0.2M sf renewals) at an average re-leasing spread of 21%, with committed occupancy improving to 90% (up 5% YoY). Net operating income grew 13% YoY to ₹10,080M, same-store NOI rose 12%, and operating lease rental income grew 10% to ₹9,340M. Distribution per unit increased 15% YoY to ₹10.50, with total distributions of ₹6,551M. Net debt to GAV stood at 21.6% (excluding shareholder instruments), the REIT maintained a dual AAA credit rating, and the average interest rate was cut by 700 bps. The company announced a proposed acquisition of Ecoworld, a 7.7M sf Bengaluru office campus for ₹13,125 crore, which would expand the REIT by over 30%. NAV stood at ₹349 per unit against a portfolio of 29.1M sf across 10 Grade-A office/IT parks.
Strong operational metrics with 90% occupancy, 21% re-leasing spreads, and 15% DPU growth signal healthy income visibility for unitholders. The Ecoworld acquisition, funded via the ₹1,000 crore preferential issue plus fresh debt and equity, is materially accretive and positions the REIT as a pan-India platform, likely supportive of unit price over time.