Publicly-listed real estate investment trusts (REITs) have distributed a total of Rs 2,754 crore to their unitholders during the first half of the current fiscal, which was higher by 14% compared to a year ago, according to data from the Indian REITs Association (IRA). The four publicly-listed REITs are: Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
The highest dividend of almost Rs 1,084 crore was distributed by Embassy Office Parks REIT, followed by over Rs 629 crore given by Nexus Select Trust. Mindspace Business Parks REIT distributed nearly Rs 604 crore, while Brookfield India Real Estate Trust gave Rs 437 crore during the first half of FY25, data showed.
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In the September quarter, the four REITs distributed over Rs 1,383 crore to over 2,55,000 unitholders — almost similar to the Rs 1,371 crore distributed to around 2,45,000 unitholders in the June quarter.
The Indian REIT market now manages assets under management (AUM) worth over Rs 1.52 lakh crore, latest IRA data showed. Since their inception around five years ago, these REITs have collectively distributed more than Rs 19,000 crore to unitholders. The portfolios managed by these REITs cover over 125 million sq ft of premium office and retail space across India.
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