Brookfield India REIT Q4 Review - Resilient Performance: ICICI Securities
A woman with a dog exits the Brookfield Place retail concourse in New York, U.S. (Photographer: Victor J. Blue/Bloomberg)

Brookfield India REIT Q4 Review - Resilient Performance: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The Brookfield India real estate investment trust delivered a resilient FY21 performance with over 99% of rental collections and flattish FY21 net operating income of Rs 6.5 billion.

We expect the REIT to deliver a net operating income compound annual growth rate of 9.3% over FY21-23E.

We expect over 30% of the distribution to be in the form of tax free dividend and capital return with balance returns from interest post the conversion of Rs 10.1 billion of compulsorily convertible debentures in Candor Kolkata (G2+K1 special purpose vehicle) to equity shares effective April 1, 2021.

Key risks to our thesis are the large-scale adoption of work-from-home by occupiers over the long term and rising interest rates globally.

Click on the attachment to read the full report:

ICICI Securities Brookfield India REIT Q4FY21 Result Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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