On a same-store basis, net operating income increased 9% from a year ago, supported by lease-up, mark-to-market and contracted rent growth. Income from operating lease rentals grew 13% to Rs 500.3 crore during the third quarter of 2025-26.
Leasing activity during the quarter totalled 1.2 million sq ft, with an average re-leasing spread of 17%. Committed occupancy increased to 92%, up around 500 basis points year-on-year and about 200 basis points sequentially.
Relocation and expansion demand remained a key driver, with global capability centres contributing 44% of the gross leasing in the quarter.
The REIT announced distributions of Rs 5.40 per unit for the quarter, aggregating to Rs 400 crore, marking a 10% year-on-year increase.
In December, Brookfield India REIT completed the acquisition of a 100% stake in Ecoworld, a 7.7 million sq ft Grade A office campus located on the Outer Ring Road in Bengaluru. The acquisition increased the REIT’s operating area and consolidated gross asset value by 35%.
“With this addition, approximately half of our portfolio value is now driven by high-growth office markets of Bengaluru and Mumbai, both witnessing strong and sustained demand from global capability centres. Our successful capital raise of Rs 5,500 crore, backed by strong participation from marquee global and domestic institutional investors, reflects continued confidence in our business outlook and the quality of our portfolio,” said Alok Aggarwal, CEO & MD, Brookfield India Real Estate Trust.Following the transaction, the portfolio diversification has improved, with the share of global capability centres in contracted rentals rising to 45% from 37%, while the contribution of the top 10 tenants declined to 30% from 34%.
During the quarter, the REIT raised Rs 5,500 crore through qualified institutional placement and sustainability-linked bonds, including Rs 3,500 crore via the QIP and around Rs 2,000 crore through sustainability-linked bonds.
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