Indian Real Estate Investment Trusts (REITs) distribute Rs. 6,070 crore (US$ 709 million) in FY25, up 13% from the previous year

India’s four publicly listed Real Estate Investment Trusts (REITs) — Brookfield India Real Estate Trust, Embassy Office Parks Reit, Mindspace Business Parks Reit, and Nexus Select Trust — distributed over Rs. 1,553 crore (US$ 181.6 million) to more than 2.64 lakh unitholders in Q4 FY25, marking a 13% YoY increase from Rs. 1,377 crore (US$ 161 million) in Q4 FY24. FY25's cumulative distribution stood at Rs. 6,070 crore (US$ 709 million), compared to Rs. 5,366 crore (US$ 627.45 million) in FY24. Embassy Reit led with Rs. 538 crore (US$ 62.9 million) distributed in Q4 and Rs. 2,181 crore (US$ 255 million) in FY25. Per Securities and Exchange Board of India (SEBI) guidelines, REITs must distribute at least 90% of their taxable income.
The sector’s performance also strengthened with an aggregate Net Operating Income (NOI) of Rs. 89,100 crore (US$ 10.42 billion) in FY25, up 16% from Rs. 76,626 crore (US$ 8.96 billion) in FY24. Revenue from operations also grew 16% YoY, reaching Rs. 1,12,000 crore (US$ 13.10 billion) from Rs. 97,482 crore (US$ 11.40 billion). India’s Reit market now manages gross assets under management (AUM) exceeding Rs. 1,63,000 crore (US$ 19.06 billion). It commands a combined market capitalisation of over Rs. 98,000 crore (May 14, 2025). Together, the four Reits manage more than 128.9 million sq. ft. of Grade A office and retail space across major urban centres. Since its inception, they have distributed over Rs. 22,800 crore (US$ 2.67 billion) to unitholders. Managing Director & Chief Executive Officer of Brookfield India Reit and Chairman of the Indian Reits Association (IRA), Mr. Alok Aggarwal, attributed the growth to strong leasing activity and investor confidence. The IRA, backed by Sebi and the Ministry of Finance, includes all four Reits as founding members.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.