Indian REITs Distribute Rs 1,371 Crore to Unit Holders in Q1

Four publicly listed Indian real estate investment trusts (REITs) distributed Rs 1,371 crore to their unit holders in the first quarter. These REITs, including Brookfield India Real Estate Trust and Embassy Office Parks REIT, have collectively distributed over Rs 18,000 crore since inception, managing assets worth over Rs 1,40,000 crore.

Four publicly listed real estate investment trusts (REITs) in India—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust—have distributed Rs 1,371 crore to their unit holders in the first quarter of the fiscal year, according to industry data.

The Indian REITs Association (IRA) revealed that over the June quarter, these REITs distributed more than Rs 1,371 crore to over 2,45,000 unit holders. Since their inception in the past five years, these trusts have collectively distributed more than Rs 18,000 crore.

The Indian REIT market now manages assets worth over Rs 1,40,000 crore, spanning approximately 122 million square feet of prime office and retail space. The government recently shortened the holding period for determining long-term capital gains for REITs from 36 months to 12 months, aiming to attract more investors.

(With inputs from agencies.)