Brookfield India Real Estate Trust
Brookfield India Real Estate Trust REIT is an India-based commercial real estate vehicle. The investment trust's portfolio consists of campus-format office parks. Its commercial assets are located in Mumbai, Gurgaon, Noida and Kolkata.[1]
- Market Cap ₹ 26,277 Cr.
- Current Price ₹ 340
- High / Low ₹ 357 / 255
- Stock P/E 30.0
- Book Value ₹ 253
- Dividend Yield 3.49 %
- ROCE 5.92 %
- ROE 5.41 %
- Face Value ₹ 310
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.51%.
- Company is expected to give good quarter
Cons
- Promoter holding has decreased over last quarter: -1.33%
- The company has delivered a poor sales growth of -7.98% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.22% over last 3 years.
- Promoters have pledged or encumbered 90.0% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Real Estate Investment Trusts (REITs)
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 957 | 0 | 436 | 335 | 389 | 631 | 801 | |
| 363 | 10 | 17 | 19 | 58 | 28 | 30 | |
| Operating Profit | 594 | -10 | 419 | 316 | 331 | 604 | 771 |
| OPM % | 62% | 87% | 96% | 94% | 85% | 96% | 96% |
| 274 | 72 | 35 | 36 | 0 | 219 | 184 | |
| Interest | 714 | 0 | 0 | 0 | 34 | 71 | 58 |
| Depreciation | 112 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 41 | 63 | 454 | 352 | 297 | 752 | 897 |
| Tax % | 64% | 0% | 0% | 4% | -0% | 5% | |
| 15 | 63 | 452 | 339 | 298 | 714 | 874 | |
| EPS in Rs | 2.07 | 13.50 | 10.11 | 6.80 | 11.76 | 14.18 | |
| Dividend Payout % | 0% | 0% | 149% | 0% | 0% | 1,819% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -8% |
| 3 Years: | 13% |
| TTM: | 74% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 18% |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 5% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 65 | 8,177 | 8,987 | 8,656 | 10,910 | 15,111 | 15,758 |
| Reserves | -2,285 | 63 | 139 | 128 | 71 | 304 | 425 |
| 6,922 | 0 | 0 | 0 | 728 | 669 | 698 | |
| 673 | 134 | 5 | 19 | 18 | 44 | 77 | |
| Total Liabilities | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 16,128 | 16,958 |
| 4,517 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 4,504 | 6,297 | 6,332 | 9,537 | 11,187 | 11,204 |
| 858 | 3,870 | 2,834 | 2,471 | 2,191 | 4,941 | 5,755 | |
| Total Assets | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 16,128 | 16,958 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 532 | -1 | -26 | -28 | -15 | -29 | |
| 98 | -3,610 | 185 | 701 | -2,108 | -2,363 | |
| -436 | 3,773 | -144 | -681 | 2,194 | 2,362 | |
| Net Cash Flow | 194 | 162 | 14 | -7 | 71 | -30 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 17 | 0 | 0 | 0 | 0 | |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 17 | 0 | 0 | 0 | 0 | |
| Working Capital Days | -229 | 50 | 68 | -655 | 5 | |
| ROCE % | 1% | 5% | 4% | 3% | 6% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
31 Dec - Trading window closed from Jan 1, 2026 until 48 hours after Q3/9M Dec 31, 2025 results.
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Reg 23(5)(i): Disclosure of material issue
24 Dec - Acquired 100% (737,872 shares) Arliga Ecoworld (7.7 Msf); upfront reduced by Rs.1,000m; Dec 24, 2025.
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Reg 23(5)(i): Disclosure of material issue
23 Dec - Issued ~INR 2,000 crore 5-year sustainability-linked bonds; IFC-anchored; proceeds for shareholder loans, corporate purposes; Crisil/ICRA AAA.
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Reg 23(5)(i): Disclosure of material issue
22 Dec - Record date Dec 22, 2025; interest paid Dec 31, 2025 for ₹2,000 crore NCD issuance.
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Reg 23(5)(i): Disclosure of material issue
22 Dec - Allotment of 200,000 NCDs (₹1 lakh each) raising ₹1,996.92 crore; 1824-day tenure; 7.06% coupon; redemption Dec 20, 2030.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Dec 2023Transcript PPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptAI SummaryPPTREC
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May 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT REC
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Jun 2022TranscriptAI SummaryPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT REC
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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May 2021TranscriptAI SummaryPPT
Sponsor[1][2]
Brookfield is the sponsor of the REIT, which is a major entity in real estate, owning, operating, and managing one of the world’s largest and highest quality real estate portfolios, with approximately $278 Billion in real estate Assets Under Management (AUM) and employing about 25,000 individuals across more than 50 countries. The Sponsor Group also maintains a significant pipeline in India, owning an additional 26 msf of assets in complementary markets across the country.