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 ₹ 28,631 Cr.
- Current Price ₹ 345
- High / Low ₹ 376 / 311
- Stock P/E 35.0
- Book Value ₹ 283
- Dividend Yield 1.91 %
- ROCE 4.63 %
- ROE 4.29 %
- Face Value ₹ 323
Pros
- Company has delivered good profit growth of 67.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 113%
Cons
- Tax rate seems low
- Company has a low return on equity of 4.28% over last 3 years.
- Promoters have pledged 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)
Part of Nifty REITs & Realty
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 957 | 0 | 436 | 335 | 389 | 631 | 871 | 891 | |
| 363 | 10 | 17 | 19 | 58 | 28 | 32 | 35 | |
| Operating Profit | 594 | -10 | 419 | 316 | 331 | 604 | 839 | 856 |
| OPM % | 62% | 87% | 96% | 94% | 85% | 96% | 96% | 96% |
| 274 | 72 | 35 | 36 | 0 | 219 | 118 | 145 | |
| Interest | 714 | 0 | 0 | 0 | 34 | 71 | 111 | 168 |
| Depreciation | 112 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 41 | 63 | 454 | 352 | 297 | 752 | 846 | 833 |
| Tax % | 64% | 0% | 0% | 4% | -0% | 5% | 4% | |
| 15 | 63 | 452 | 339 | 298 | 714 | 815 | 817 | |
| EPS in Rs | 2.07 | 13.50 | 10.11 | 6.80 | 11.76 | 10.87 | 11.23 | |
| Dividend Payout % | 0% | 0% | 149% | 0% | 0% | 162% | 176% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 34% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 10% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 65 | 8,177 | 8,987 | 8,656 | 10,910 | 16,419 | 20,812 |
| Reserves | -2,285 | 63 | 139 | 128 | 71 | 304 | 425 |
| 6,922 | 0 | 0 | 0 | 728 | 669 | 2,712 | |
| 673 | 134 | 5 | 19 | 18 | -1,264 | -903 | |
| Total Liabilities | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 16,128 | 23,046 |
| 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 | 18,163 |
| 858 | 3,870 | 2,834 | 2,471 | 2,191 | 4,941 | 4,884 | |
| Total Assets | 5,376 | 8,374 | 9,131 | 8,803 | 11,729 | 16,128 | 23,046 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 532 | -1 | -26 | -28 | -15 | -29 | -46 | |
| 98 | -3,610 | 185 | 701 | -2,108 | -2,363 | -4,898 | |
| -436 | 3,773 | -144 | -681 | 2,194 | 2,362 | 4,974 | |
| Net Cash Flow | 194 | 162 | 14 | -7 | 71 | -30 | 30 |
| Free Cash Flow | 361 | -1 | -26 | -28 | -15 | -29 | -46 |
| CFO/OP | 102% | 14% | -6% | -9% | -2% | -4% | -4% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 17 | 0 | 0 | 0 | 0 | 0 | |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 17 | 0 | 0 | 0 | 0 | 0 | |
| Working Capital Days | -229 | 50 | 68 | -655 | 5 | 28 | |
| ROCE % | 1% | 5% | 4% | 3% | 6% | 5% |
Insights
In beta| Mar 2016 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Committed Occupancy % |
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| Gross Asset Value (GAV) Rs Billion |
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| Operating Area MSF |
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| Gross Leasing MSF |
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| In-Place Rent Rs PSF/month |
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| Number of Office Tenants Count |
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| Re-leasing Spread % |
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| Weighted Average Lease Expiry (WALE) Years |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
- Unitholders’ EGM on Sept. 3, 2026 to approve GBKC acquisition for Rs. 17,000 million.
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Reg 23(5)(g): Notice of Unitholder meetings
- Unitholders’ EGM on Sept 3, 2026 to approve ₹1,700 crore GBKC acquisition and related funding.
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Reg 23(5)(i): Disclosure of material issue
- Newspaper advertisement published for unaudited Q1 FY2026 results ended June 30, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Brookfield India REIT hosted Q1 FY2027 earnings call on August 11, 2026; playback and transcript available.
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Reg 23(5)(i): Disclosure of material issue
- Brookfield India REIT approved 50% GBKC acquisition for ₹17,000 million; unitholder vote on September 3, 2026.
Annual reports
Concalls
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Aug 2026TranscriptAI SummaryPPT
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May 2026Transcript PPT
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Jan 2026Transcript PPT
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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 2023TranscriptPPTREC
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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 2022TranscriptPPT REC
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Jun 2022TranscriptPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptPPT 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]
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 $277 Billion in real estate Assets Under Management (AUM) and employing about 24,000 individuals across more than 50 countries.