Since their inception five years ago, the four publicly listed REITs — Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust — have collectively distributed over Rs 18,000 crore to their unit holders.
The Indian REITs market, as per IRA data, now oversees gross Assets Under Management (AUM) exceeding Rs 1.40 lakh crore, with a market capitalization of over Rs 87,000 crore as of June 28, 2024. The portfolio managed by these REITs spans approximately 122 million square feet of Grade A office and retail space across the country.
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The Indian REITs Association, a non-profit organization formed under the guidance of the Securities and Exchange Board of India (SEBI) and the Ministry of Finance, counts Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust among its founding members.Breaking down the Q1 FY2025 distributions, Embassy Office Parks REIT led the pack with a distribution of Rs 530.8 crore, followed by Nexus Select Trust at Rs 325.3 crore, Mindspace Business Parks REIT at Rs 298.9 crore, and Brookfield India Real Estate Trust at Rs 216 crore.Since their respective listings, the four REITs have collectively distributed over Rs 18,000 crore to their unit holders. Embassy Office Parks REIT has been the largest contributor, disbursing Rs 10,392 crore, followed by Mindspace Business Parks REIT with Rs 4,231 crore, Brookfield India Real Estate Trust with Rs 2,358 crore, and Nexus Select Trust with Rs 1,397 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)