Page 2 - Brookfield India

Brookfield India REIT Q1 net operating income rises to Rs 245 crore

Brookfield India Real Estate Trust on Monday reported a 4.5 per cent increase in net operating income to Rs 245.3 crore in the June quarter and announced distribution of Rs 164.16 crore to unitholders. Adjusted net operating income grew 4.5 per cent year-on-year to Rs 245.3 crore in the first quarter of the current fiscal from Rs 234.6 crore in the year-ago period. Income from operating lease rentals grew 3.9 per cent on-year to Rs 211,3 crore from Rs 203.4 crore in the same period a year ago. On the operational front, the company did gross leasing of 2,98,000 square feet in the June quarter, which includes 63,000 square feet of new leasing and 2,35,000 square feet of renewals. Brookfield India Real Estate Trust said it has financial commitment in place for the acquisition of two large commercial assets, totalling 6.5 million square feet, in an equal partnership with GIC, from Brookfield Asset Management's private real estate funds. Recently, the company raised Rs 2,305.4 crore ..

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit. The names of investors were not disclosed. The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit. "Pursuant to the allotment of the units in the issue, 42,63,88,422 units are issued and outstanding," the filing said. Brookfield India Real Estate Trust (Brookfield India REIT) had opened the issue on July 27 for receiving bids. Last month, the unitholders had approved raising of funds through an institutional placement of units n

Avaada Ventures secures $1.07 billion funding for expansion plans

Avaada Ventures recently signed a memorandum of understanding with the Rajasthan government worth Rs 40,000 crore for setting up a green ammonia manufacturing plant

Brookfield India's net dips 61% to Rs 27 crore, net operating income up

The company's sales rose 43.40 per cent to Rs 303.60 crore in the July-September quarter, from Rs 211.71 crore during the previous quarter ended September 2021

Brookfield India REIT Q2 net operating income rises 48% to Rs 241 crore

Brookfield India Real Estate Trust on Monday reported a 48 per cent rise in its net operating income to Rs 241.3 crore for the quarter ended September 30 and announced a distribution of Rs 170.89 crore to unitholders. Its net operating income (NOI) stood at Rs 162.8 crore in the year-ago period. In a regulatory filing, Brookfield India Real Estate Trust informed that the company has declared a distribution of Rs 170.89 crore or Rs 5.10 per unit for the quarter ended September 30, 2022. This takes the total payout this fiscal so far to Rs 10.20 per unit, which is in line with its guidance, the company said in a statement. Its net profit fell to Rs 26.71 crore during the July-September quarter from Rs 68.28 crore in the year-ago period. The total income rose to Rs 311.64 crore from Rs 214.80 crore. On the operational front, the company achieved leasing of 3,06,000 square feet area in Q2 of FY23, of which 1,27,000 square feet is new leasing and 1,79,000 square feet is renewals. It ..

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units

The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT

Brookfield India REIT to acquire Seaview Developers for Rs 3,970 crore

The acquisition and the funding are subject to unitholder and regulatory approvals

Brookfield India REIT operating revenue down 3% in September quarter

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

Brookfield India REIT declares Rs 180-cr dividend for Sept quarter

The country's first publicly traded real estate investment trust (REIT) Brookfield India Real Estate Trust (BIRET) has declared a Rs 180-crore dividend payout for the September 2021 quarter

Brookfield buys 30 acre land near Mumbai for Rs 600 cr to build data centre

The JV would expand Brookfield Infrastructure's global data infrastructure portfolio, which includes $23 billion in assets across data transmission, distribution and storage

REITs to lure investors with tax-free dividends and capital returns

Mindspace gives 90% of returns; Brookfield, Embassy to follow suit

Brookfield Real Estate Trust posts flat net operating income of Rs 655 cr

Brookfield India Real Estate Trust on Thursday reported an almost flat net operating income of Rs 654.8 crore for the last fiscal year

Brookfield InvIT expects data to drive revenue

Trust seeks unitholders nod to change name to Data Infrastructure Trust

Brookfield REIT makes a tepid debut, units end 2% below issue price

Earlier this month, Brookfield Reit's Rs 3,800-crore IPO had garnered nearly eight times subscription

Brookfield India Real Estate Trust IPO subscribed 77% on Day 2 of bidding

It received bids for 5,88,18,600 units against the 7,62,78,200 on offer, according to an update on the NSE

Brookfield REIT issue to open on Wednesday to raise Rs 3,800 cr

The Real Estate Investment Trust (REIT) public issue will hit the capital market on Wednesday

RMZ to sell commercial assets to Brookfield for Rs 14,000 crore

RMZ has agreed to sell its completed commercial assets portfolio and co-working business to global investment firm Brookfield for an enterprise value of around Rs 14,000 crore

Brookfield may take over Rs 1,500-crore Piramal loan to Bengaluru realtor

Brookfield is steadily building a credit portfolio in real estate. It has built a loan book of $1 billion in the past couple of years

Brookfield to pick up 40% stake in IndoStar Capital for Rs 1,450 crore

Brookfield will also become a co-promoter in IndoStar and nominate two board members. R Sridhar will continue to lead the company in his role as vice-chairman and CEO of IndoStar