News

Brookfield signs MoU with Reliance Industries for onshore renewable power and decarbonization equipment manufacturing in Australia Brookfield Asset Management has signed a Memorandum of Understanding (MoU) with Reliance Industries, a Fortune 500 company and India’s largest private sector enterprise, to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia. The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean energy equipment such as PV modules, long duration battery storage and components for wind energy...
Brookfield signs MoU with Reliance Industries for onshore renewable power and decarbonization equipment manufacturing in Australia
Brookfield signs MoU with Reliance Industries for onshore renewable power and decarbonization equipment manufacturing in Australia
Source: PR Agency
1/08/2023 11:11:46 AM
Brookfield India REIT, Singapore's GIC to buy India assets for $1.4 billion Brookfield Asset Management will sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India and Singapore sovereign wealth fund GIC in a deal with an enterprise value of $1.4 billion. The properties being acquired are in India's financial capital Mumbai, Maharashtra, and Gurugram, a satellite city of the national capital region. "We expect growth in the India office sector to continue, driven by an established IT industry, increased foc...
Brookfield India REIT, Singapore's GIC to buy India assets for $1.4 billion
Brookfield India REIT, Singapore's GIC to buy India assets for $1.4 billion
Source: Reuters
19/05/2023 2:08:48 PM
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities Building for the future We attended Brookfield India REIT’s (BIRET) analyst meet and site visits in NCR and Mumbai where the company reiterated its strategy and business outlook for its office assets including: 1) overall portfolio physical occupancy (footfalls) which was 21% in Apr’22 has improved to 50% in Oct’22 and continues to see a steady rise; 2) the REIT manager maintains its target of 18% embedded NOI growth from annual run-rate of Rs9.6bn currently to Rs11.4bn i...
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities
Source: ICICI Securities Ltd
22/12/2022 10:35:27 AM
Buy Brookfield India REIT Ltd For Target Rs. 340 - JM Financial Institutional Securities Ltd Stable quarter; Asset acquisition plans on the anvil Brookfield India REIT (BIRET) reported a stable quarter as overall committed occupancy stood at 84% (83% in 1QFY23) and leasing picked up marginally (127K of new leasing + 179K of renewals + 16K of expansion options). Accounting for income support at the Noida N2 asset, the effective economic occupancy stood at 89% (stable QoQ). In the coming quarters, leasing traction is expected to improve as physical occupancies inch upwards across of...
Buy Brookfield India REIT Ltd For Target Rs. 340 - JM Financial Institutional Securities Ltd
Buy Brookfield India REIT Ltd For Target Rs. 340 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
14/11/2022 11:51:39 AM
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities Gradual recovery The Brookfield India REIT (BIRET) saw Q2FY23 NOI rising marginally QoQ by 3% to Rs2.4bn owing to inch up in portfolio committed occupancy by 100bps to 84%. For H2FY23, the REIT portfolio has expiries of 1.0msf of which the REIT manager expects to see fresh exits of 0.6msf and expects to achieve at least 0.5msf of new leasing to backfill these exits, implying flattish portfolio occupancy in H2FY23. For Q2FY23, the REIT manager has given distribution of Rs5.1/unit (same as Q...
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities
Add Brookfield India REIT For Targeat Rs. 318 - ICICI Securities
Source: ICICI Securities
14/11/2022 10:21:15 AM
Brookfield India Rea Q1 net profit down 32.97% at Rs 82.97 cr The company reported standalone net profit of Rs 82.97 crore for the quarter ended June 30, 2022 as compared to Rs 123.78 crore in the same period last year, registering a year-on-year decline of 32.97 per cent. Net revenue of the company declined substantially by 32.17 per cent at Rs 87.70 crore in April-June quarter of this fiscal as against Rs 129.30 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 21.25 per cent to Rs 4.30 crore from...
Brookfield India Rea Q1 net profit down 32.97% at Rs 82.97 cr
Brookfield India Rea Q1 net profit down 32.97% at Rs 82.97 cr
Source: Dion Global Solutions Ltd
25/10/2022 3:49:16 PM
Hold Brookfield India REIT For targeat Rs. 318 - ICICI Securities Steady recovery The Brookfield India REIT (BREIT) saw Q1FY23 NOI rising 10% QoQ to Rs2.3bn owing to full quarter contribution from N2 asset which was infused in Jan’22. Overall committed portfolio occupancy remained flat QoQ at 83% (89% economic occupancy with N2 rent support). For the remainder of FY23E, the REIT portfolio has expiries of 1.0msf of which Kensington, Powai asset accounts for 45% share with expiry due in H2FY23E. The REIT manager expects to achieve enough new leasing ...
Hold Brookfield India REIT For targeat Rs. 318 - ICICI Securities
Hold Brookfield India REIT For targeat Rs. 318 - ICICI Securities
Source: ICICI Securities Ltd
6/08/2022 10:42:07 AM
Tata Power inches up as its arm commissions 450 MWdc capacity solar plant for Brookfield Renewable India Tata Power Company is currently trading at Rs. 233.50, up by 0.50 points or 0.21% from its previous closing of Rs. 233.00 on the BSE. The scrip opened at Rs. 232.50 and has touched a high and low of Rs. 234.70 and Rs. 231.70 respectively. So far 312042 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 116.60 on 14-Jun-2021. Last one week high and low of the scrip stoo...
Tata Power inches up as its arm commissions 450 MWdc capacity solar plant for Brookfield Renewable India
Tata Power inches up as its arm commissions 450 MWdc capacity solar plant for Brookfield Renewable India
Source: Accord Fintech
9/06/2022 10:05:17 AM
Brookfield India Rea Q4 net profit jumps 58.64% at Rs 102.34 cr The company reported standalone net profit of Rs 102.34 crore for the quarter ended March 31, 2022 as compared to Rs 64.51 crore in the same period last year, registering a year-on-year growth of 58.64 per cent. Net revenue of the company rose substantially by 30.34 per cent at Rs 94.16 crore in January-March quarter of this fiscal as against Rs 72.24 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 46.18 per cent to Rs 4.16 crore fro...
Brookfield India Rea Q4 net profit jumps 58.64% at Rs 102.34 cr
Brookfield India Rea Q4 net profit jumps 58.64% at Rs 102.34 cr
Source: Dion Global Solutions Ltd
19/05/2022 4:17:46 PM
Buy Brookfield India REIT Ltd For Target Rs.315 - JM Financial Services Leasing traction picks up Brookfield India REIT (BIRET) reported a stable quarter as overall committed occupancy stood at 83% (82% in 2QFY22) in the pre-acquisition portfolio led by leasing at Kensington and Noida N1 asset. Moreover, it has successfully completed the acquisition of Candor Techspace N2, Noida on 24th January 2022 for an EV of INR 40bn through a combination of debt and equity. The pro-forma portfolio committed occupancy stood at 83%. However, N2 asset has an effective commit...
Buy Brookfield India REIT Ltd For Target Rs.315 - JM Financial Services
Buy Brookfield India REIT Ltd For Target Rs.315 - JM Financial Services
Source: JM Financial Services Ltd
1/03/2022 11:24:36 AM
Add Brookfield India REIT Ltd For Target Rs.317 - ICICI Securities Rebound on the cards The Brookfield India REIT (BREIT) delivered a resilient Q2FY22 performance inspite of a 400bps QoQ same-store occupancy decline to 85% with over 99% of rental collections and flat operating lease rentals of Rs1.56bn on YoY basis. In H2FY22, the REIT manager expects to renew 50% of scheduled expiries of 0.6msf with new LOIs of 0.16msf and ongoing discussions for 1.3msf of area, likely to result in portfolio occupancy remaining flat in H2FY22 before increasing from H1FY2...
Add Brookfield India REIT Ltd For Target Rs.317 - ICICI Securities
Add Brookfield India REIT Ltd For Target Rs.317 - ICICI Securities
Source: ICICI Securities Ltd
16/12/2021 9:32:28 AM