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 Q2 FY22 performance inspite of a 400 basis points QoQ same-store occupancy decline to 85% with over 99% of rental collections and flat operating lease rentals of Rs 1.56 billion on YoY basis.
In H2 FY22, the REIT manager expects to renew 50% of scheduled expiries of 0.6 million square feet with new letter of intents of 0.16 msf and ongoing discussions for 1.3 msf of area, likely to result in portfolio occupancy remaining flat in H2 FY22 before increasing from H1 FY23 based on recovery in office leasing.
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