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 ₹ 19,201 Cr.
- Current Price ₹ 315
- High / Low ₹ 324 / 255
- Stock P/E 120
- Book Value ₹ 231
- Dividend Yield 6.08 %
- ROCE 5.37 %
- ROE 1.32 %
- Face Value ₹ 274
Pros
- Company has reduced debt.
- Stock is providing a good dividend yield of 6.08%.
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.27%
- Company has a low return on equity of 0.96% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 131 | 877 | 1,197 | 1,780 | 2,444 | |
| 48 | 258 | 381 | 527 | 710 | |
| Operating Profit | 83 | 618 | 816 | 1,253 | 1,735 |
| OPM % | 63% | 71% | 68% | 70% | 71% |
| 5 | 22 | 32 | 74 | 23 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 |
| Depreciation | 32 | 208 | 275 | 411 | 430 |
| Profit before tax | 15 | 224 | 140 | 64 | 250 |
| Tax % | -69% | -10% | 7% | 106% | 36% |
| 25 | 246 | 131 | -4 | 160 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.54 | 3.04 |
| Dividend Payout % | 0% | 274% | 0% | 0% | 575% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -13% |
| TTM: | 4244% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 15,111 |
| Reserves | 25 | -105 | -322 | -654 | -1,081 |
| 2,111 | 5,190 | 5,508 | 12,063 | 9,083 | |
| 681 | 713 | 799 | 3,293 | 3,475 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,612 | 26,588 |
| 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,072 |
| 887 | 1,154 | 1,095 | 1,614 | 1,660 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,612 | 26,588 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 140 | 606 | 953 | 1,433 | 1,848 | |
| 30 | -1,385 | -109 | -2,028 | -81 | |
| 146 | 667 | -838 | 756 | -1,571 | |
| Net Cash Flow | 316 | -111 | 5 | 161 | 196 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 67 | 9 | 16 | 15 | 10 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 67 | 9 | 16 | 15 | 10 |
| Working Capital Days | -1,236 | -164 | -126 | -126 | -110 |
| ROCE % | 4% | 4% | 5% | 5% |
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1h - Trading window closed from June 30, 2025 till post Q1 financial results announcement.
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Reg 23(5)(i): Disclosure of material issue
27 Jun - Brookfield India REIT held institutional investor meeting on June 25, 2025, for quarterly and annual updates.
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Reg 23(5)(i): Disclosure of material issue
27 Jun - Brookfield India REIT FY25 annual report: 3M sf leased, 15% NOI growth, Rs19.25 DPU, 50% stake in North Commercial Portfolio acquired.
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Reg 23(5)(g): Notice of Unitholder meetings
27 Jun - Brookfield India REIT FY25 annual report: 29M sf portfolio, 88% occupancy, 15% NOI growth, 50% NCP acquisition, strong capital raise.
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Reg 23(5)(i): Disclosure of material issue
23 Jun - Brookfield India REIT appoints Keki Mistry and Rachit Kothari as directors, subject to AGM approval.
Annual reports
Concalls
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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 2023TranscriptNotesPPT
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptNotesPPTREC
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May 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT REC
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Jun 2022TranscriptNotesPPTREC
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Jan 2022TranscriptNotesPPT 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 2021TranscriptNotesPPT
Asset Portfolio
As per FY21, the investment trust owns 4 office parks with total leasable area of ~14 million sq. ft. in gateway cities i.e. Gurugram, Noida, Kolkata and Mumbai.[1] The assets include :-
1. Candor Techspace G2 (Gurugram)
2. Candor Techspace N1 (Noida)
3. Candor Techspace K1 (Kolkata)
4. Nensington (Mumbai).[2]