Brookfield India REIT’s internet working earnings for the second quarter rose 44% to Rs 346.7 crore

Business Standard

Brookfield India Actual Property Belief on Tuesday reported a 44 per cent rise in internet working earnings to Rs 346.7 crore within the second quarter of this fiscal and distributed Rs 193.2 crore to unit holders, primarily as dividends.

Internet working earnings (NOI) stood at Rs 241.3 crore within the year-ago interval.

In a regulatory submitting, the corporate knowledgeable that it has achieved a gross lease of 5.21 lakh sq ft through the July-September interval of the monetary 12 months 2023-24.

Revenue from working lease leases rose 33% to Rs 274.1 crore within the second quarter of this fiscal, from Rs 205.6 crore in the identical interval final 12 months.

Brookfield India Actual Property Belief has seven giant built-in workplace complexes situated in Mumbai, Gurugram, Noida and Kolkata.

Its portfolio consists of 25.3 million sq. toes of gross leasable space, together with 20.7 million sq. toes of working house, 0.7 million sq. toes of house below building and three.9 million sq. toes of future improvement potential.

Brookfield India REIT is sponsored by an affiliate of Brookfield.

(Solely the title and picture of this report could have been reworked by Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

First printed: 08 November 2023 | 2:39 pm he

(Tags for translation)Brookfield India Actual Property Belief

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