Brookfield India Real Estate Trust (BIRET) has reported reported a 13% year-on-year (YoY) rise in net operating income (NOI) to ?4,986 million for the quarter ended June 30, 2025. The REIT achieved gross leasing of 651,000 sf during the quarter, registering an average re-leasing spread of 22%. Committed occupancy surged to 89%, marking a nine per cent improvement over the past 18 months since SEZ reforms, and a cumulative 4.6 million sf of gross leasing across its portfolio. Income from operating lease rentals rose 9% year-on-year to ?4,583 million, while the REIT announced a distribution of ?5.25 per unit totaling ?3,190 million, marking a 17% year-on-year increase. Alok Aggarwal, CEO and MD of the company said, "We expect to grow occupancy to more than 95%, driving 13% growth in NOI and 22% growth in distribution over the current quarter. Our proposed fundraise will further strengthen our ability to pursue large growth opportunities.” The board approved a preferential issue of ?1,000 crore to a diversified set of investors, aimed at bolstering growth ambitions. This follows the ?3,500 crore capital raise in December 2024. BIRET is also in discussions with its sponsor group to acquire grade-A properties in Bengaluru and Chennai. Supported by a dual AAA credit rating and 88% repo-linked borrowings, the trust expects further benefits from a lower interest rate environment, with 35bps of rate reduction already achieved and an additional 55bps transmission anticipated in Q2 FY26.
 

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