Brookfield India REIT operating revenue down 3% in September quarter

Brookfield India REIT, which listed in February, saw its operating revenue dip 3 per cent sequentially from Rs 219 crore in the first quarter of FY22 to Rs 212 crore in the quarter ended September.

Brookfield has declared a Rs 180-crore dividend payout for the September quarter, taking its total profit distribution to Rs 390 crore since listing in February.

The Rs 180-crore planned dividend payout is Rs 6 per unit this quarter, with 35 per cent of the distribution tax free for unitholders. This takes the total distribution to Rs 12 per unit since listing.

While income from lease