By Arosh John, Founder, John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief, Thane Real Estate News (TREN)
India | 5 February 2026
The Performance At A Glance
Brookfield India Real Estate Trust (Brookfield India REIT) reported a strong operating quarter in Q3 FY26 (quarter ended 31 December 2025), posting Net Operating Income (NOI) of ₹540.4 crore, up 14% year-on-year, supported by healthy leasing volumes and higher committed occupancy.
For investors tracking the broader financial picture, the REIT’s total income for the quarter stood at ₹727.86 crore.
The REIT also declared a distribution of ₹5.40 per unit for the quarter, with the record date fixed as 3 February 2026 and the payout scheduled on or before 10 February 2026.
Q3 FY26 Snapshot
(Quarter Ended 31 December 2025)
- Total Income: ₹727.86 crore
- Income From Operating Lease Rentals: ₹500.3 crore (+13% YoY)
- Net Operating Income (NOI): ₹540.4 crore (+14% YoY)
- Distribution Declared: ₹5.40 per unit (aggregate ~₹404.67 crore)
- Record Date: 3 February 2026
- Payment: On or before 10 February 2026
Reader Note On NOI Versus Lease Rentals
In REIT reporting, NOI can exceed lease rental income because NOI is an operating performance measure reflecting portfolio operating economics (including recoveries and other operating income, net of property-level operating expenses), while “lease rentals” is a narrower line item.
Leasing Update: Volume And Pricing Both Supported The Quarter
Brookfield India REIT reported:
- 1.2 million sq ft of gross leasing in the quarter
- Average re-leasing spread: 17%
- Committed occupancy: 92% (up ~500 bps YoY and ~200 bps QoQ)
The combination of higher committed occupancy and positive re-leasing spreads is typically one of the cleanest operating signals in an office REIT cycle—especially when delivered alongside meaningful leasing volumes.
Ecoworld Acquisition Completed (Bengaluru ORR)
The REIT confirmed completion of the acquisition of a 100% stake in Ecoworld, a ~7.7 million sq ft Grade A office campus on Outer Ring Road, Bengaluru, completed on 24 December 2025.
Strategically, the Ecoworld integration strengthens exposure to one of India’s deepest institutional office corridors, where large-format occupiers and GCC-led demand continue to anchor absorption.
Capital Raise: ₹5,500 Crore Across QIP And Sustainability-Linked Bonds
Brookfield India REIT reported raising ₹5,500 crore through:
- ₹3,500 crore via a Qualified Institutional Placement (QIP)
- ~₹2,000 crore via Sustainability-Linked Bonds, anchored by IFC
Portfolio Scale (As Disclosed)
Brookfield India REIT’s portfolio comprises:
- 11 Grade A assets across key gateway markets
- ~37 million sq ft total leasable area, including:
- ~32.4 million sq ft operating
- ~0.6 million sq ft under construction
- ~4.0 million sq ft future development potential
TREN Editorial
In a market where investors increasingly separate “headline leasing” from “quality of cashflows,” this quarter stands out for the right reasons: NOI growth, occupancy improvement, and healthy re-leasing spreads moved in the same direction. With Ecoworld now consolidated, Brookfield India REIT enters the next phase with a larger, more diversified platform and stronger alignment with India’s most institutional office micro-markets.
Also READ: Lodha Developers Q3 FY26: Record ₹5,620 Crore Pre-Sales As Momentum Builds Into FY-End
About The Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN). With 10+ years of on-ground, transaction-led experience, he is widely regarded as one of the most specialised advisors in the Thane real estate market, tracking value shifts across micro-markets, product segments, and infrastructure-led growth corridors.
As a go-to consultant for end-users, HNIs, and NRIs, Arosh advises on investment-grade acquisitions, premium resale opportunities, and villa/bungalow transactions across Thane and the wider Mumbai Metropolitan Region—bringing together pricing intelligence, due-diligence discipline, and execution clarity from search to closure. Through TREN, he translates market data, regulatory developments, and institutional moves into credible, decision-useful insights for serious buyers and long-term investors.
Disclaimer
This article is for information and editorial purposes only and does not constitute investment advice, an offer, or a solicitation. Readers should refer to official disclosures and consult qualified professionals before making financial decisions.
