Brookfield India REIT Q1 Review - Steady Recovery: ICICI Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.The Brookfield India real estate investment trust saw Q1 FY23 net operating income rising 10% QoQ to Rs 2.3 billion owing to full quarter contribution from N2 asset which was infused in January 2022. Overall committed portfolio occupancy remained flat QoQ at 83% (89% economic occupancy with N2 rent support). For the remainder of FY23E, Brookfield India REIT portfolio has expiries of 1.0 million square feet of which Kensington, Powai asset accounts for 45% share with expiry due in H2 FY23E. The REIT manager expects to achieve enough new leasing in FY23E to offset any FY23E exits considering the improved leasing outlook going ahead with 1.1 msf of ongoing leasing discussions and is targeting to cross committed portfolio occupancy of over 90% by March/September23E. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Brookfield India REIT Q1 Review - Steady Recovery: ICICI Securities

Brookfield India REIT Q1 Review - Steady Recovery: ICICI Securities

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