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Below is quote on Brookfield REIT results by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd   

Brookfield REIT reported numbers in line with the market expectations

Brookfield India Realestate Trust reported Income from operating lease rentals grew  by 7.3% YoY  to ₹1.6 billion mainly driven by contractual escalations. REIT collects 99% of contracted rental for the quarter and overall occupancy of 85% which is still below the pre covid levels. REIT generated net distributable cash flow of ₹1.9 billion, company reported planned distribution of Rs 1.8 billion,  ₹6.00 per unit for the quarter i.e 2.26% of the current market price of ₹265, with 24% of distributions tax free for unit holders. 

Overall Brookfield REIT reported  numbers in line with the market expectation, occupancy levels are still lower than the pre-covid levels, as the majority of companies still allow work from home to its employees.  We expect gradual improvement in the occupancy levels from Q2FY2022. Investors who are looking for a fixed rental return of around 8% can buy Brookfield REIT.  

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