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 ₹ 26,518 Cr.
- Current Price ₹ 320
- High / Low ₹ 376 / 288
- Stock P/E 55.1
- Book Value ₹ 234
- Dividend Yield 7.86 %
- ROCE 5.66 %
- ROE 3.05 %
- Face Value ₹ 323
Pros
- Stock is providing a good dividend yield of 7.86%.
- Company is expected to give good quarter
- Company has delivered good profit growth of 80.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 281%
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.33%
- Company has a low return on equity of 1.83% 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)
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 131 | 877 | 1,197 | 1,787 | 2,386 | 2,971 | |
| 48 | 258 | 381 | 531 | 710 | 869 | |
| Operating Profit | 83 | 618 | 816 | 1,256 | 1,676 | 2,102 |
| OPM % | 63% | 71% | 68% | 70% | 70% | 71% |
| 5 | 22 | 32 | 61 | 82 | 100 | |
| Interest | 41 | 208 | 432 | 852 | 1,078 | 975 |
| Depreciation | 32 | 208 | 275 | 411 | 430 | 469 |
| Profit before tax | 15 | 224 | 140 | 54 | 250 | 758 |
| Tax % | -69% | -10% | 7% | 128% | 36% | 29% |
| 25 | 246 | 131 | -15 | 160 | 537 | |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.28 | 3.04 | 6.42 |
| Dividend Payout % | -0% | 274% | -0% | -0% | 572% | 270% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 87% |
| 3 Years: | 35% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 54% |
| TTM: | 161% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 6% |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 15,111 | 18,818 |
| Reserves | 25 | -105 | -322 | -786 | -1,081 | -1,292 |
| 2,111 | 5,190 | 5,508 | 12,113 | 9,083 | 16,583 | |
| 681 | 713 | 799 | 3,302 | 3,475 | 5,307 | |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
| 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | 36,640 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | -0 | -0 | -0 | -0 | 1,072 | 883 |
| 887 | 1,154 | 1,095 | 1,540 | 1,660 | 1,892 | |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 140 | 606 | 953 | 1,433 | 1,848 | 2,285 | |
| 30 | -1,385 | -109 | -2,028 | -81 | -6,048 | |
| 146 | 667 | -838 | 756 | -1,571 | 3,862 | |
| Net Cash Flow | 316 | -111 | 5 | 161 | 196 | 99 |
| Free Cash Flow | 91 | 492 | 948 | 1,415 | 1,847 | 2,284 |
| CFO/OP | 100% | 101% | 114% | 112% | 111% | 110% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 9 | 16 | 15 | 10 | 14 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 67 | 9 | 16 | 15 | 10 | 14 |
| Working Capital Days | -1,239 | -193 | -153 | -321 | -153 | -176 |
| ROCE % | 4% | 4% | 5% | 5% | 6% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Committed Occupancy % |
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| Operating Area MSF |
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| In-place Rent INR PSF PM |
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| WALE (Weighted Average Lease Expiry) Years |
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| Gross Leasing MSF |
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| Same Store NOI Growth % |
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Extracted by Screener AI
Documents
Announcements
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Reg 23(5)(i): Disclosure of material issue
1d - Brookfield India REIT held investor meetings from May 15-25, 2026 on Q4 and FY26 updates.
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Reg 23(5)(i): Disclosure of material issue
22 May - Filed Annual Secretarial Compliance Report for year ended March 31, 2026; no deviations reported.
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Reg 23(5)(i): Disclosure of material issue
13 May - Newspaper advertisement published for audited Q4 and FY2026 financial results on May 13, 2026.
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Reg 23(5)(i): Disclosure of material issue
12 May - Q4 FY2026 earnings call held on May 12, 2026; playback and transcript to be uploaded.
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Reg 21: Disclosure of valuation report received by the manager
11 May - Brookfield India REIT disclosed FY2026 valuation reports for 12 assets, including Kensington valued at INR 31,981 million.
Annual reports
Concalls
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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][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.