Brookfield India Real Estate Trust
Brookfield India Real Estate Trust
Consumer DiscretionaryKey Fundamentals
SmallcapREITsRealtyTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 80.1% CAGR over last 5 years
Weaknesses
3- Company has low interest coverage ratio.
- Company has a low return on equity of 1.72% over last 3 years.
- Promoters have pledged 90.0% of their holding.
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoBrookfield India Real Estate Trust (BIRET) is an Indian REIT with a market cap of ₹28,041 Cr, trading at a P/E of 44.7x and P/B of 1.1x. The trust has delivered strong revenue growth of 35% TTM and 80% 5-year profit CAGR, but carries a low 3-year average ROE of approximately 2% and faces concerns around high promoter pledge levels at 90%.
- Strong TTM revenue growth of 35%, indicating robust top-line momentum in the current period
- Exceptional 5-year compounded profit growth of 80% CAGR, reflecting significant earnings scale-up from a low base
- 5-year compounded sales CAGR of 87%, demonstrating rapid portfolio expansion and rental income growth
- 3-year compounded profit growth of 54% CAGR, showing sustained earnings improvement beyond a single year
- P/B ratio of 1.1x suggests the stock trades close to book value, offering limited premium over net asset value
- TTM profit growth of 105%, indicating a sharp year-on-year improvement in net income
- Dividend yield of 1.66% provides a regular income stream, relevant for a REIT structure
- Company is expected to deliver a good upcoming quarter, suggesting near-term operational visibility
- Promoters have pledged 90% of their holding, creating significant risk of forced selling or loss of control in adverse scenarios
- 3-year average ROE of only 2% indicates very poor capital efficiency and weak returns generated on equity
- Low interest coverage ratio signals that debt servicing costs consume a large share of operating income, raising solvency concerns
- P/E of 44.7x is elevated, implying the market is pricing in substantial future growth that may not materialize
- Last year ROE of just 3% remains well below the cost of equity, suggesting value erosion for unitholders
- 1-year stock CAGR of only 6% and 5-year CAGR of 4% show muted price returns despite strong profit growth, reflecting disconnect between earnings and market returns
- Debt-to-equity ratio is unavailable in reported data, limiting visibility into the trust's leverage position
- Dividend yield of 1.66% is modest for a REIT, where investors typically expect higher distribution yields in the 4-6% range
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- Godrej BKC acquisition approved Sep 3
Unitholders approved acquisition of Godrej BKC asset via a 50-50 JV with Nuvama, valued at ₹17,000 crore with an expected 7.1% yield.
- Institutional investor meets held Sep 2
BIRET held institutional investor meetings on Aug 25 and Sep 1, 2026, to discuss business and financial updates for the quarter ended June 30, 2026.
TL;DR: Brookfield India REIT is on an expansion path with the ₹17,000 crore Godrej BKC acquisition now approved by unitholders, offering a healthy 7.1% yield. No headwinds surfaced in recent news. Active investor engagement through back-to-back institutional meets signals management transparency. The trend is constructive as the REIT scales its premium commercial portfolio, though execution on the large JV deal will be worth watching.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 314 | 400 | 531 | 547 | 574 | 590 | 602 | 620 | 642 | 671 | 697 | 960 | 974 |
| Expenses | 103 | 131 | 154 | 138 | 160 | 171 | 192 | 187 | 192 | 206 | 206 | 263 | 272 |
| Operating Profit | 211 | 269 | 377 | 409 | 414 | 419 | 409 | 433 | 450 | 465 | 491 | 696 | 701 |
| OPM % | 67% | 67% | 71% | 75% | 72% | 71% | 68% | 70% | 70% | 69% | 70% | 73% | 72% |
| Other Income | 7 | 19 | 30 | 3 | 18 | 13 | 34 | 20 | 12 | 23 | 37 | 27 | 57 |
| Interest | 120 | 185 | 273 | 275 | 279 | 287 | 286 | 227 | 205 | 202 | 212 | 355 | 338 |
| Depreciation | 120 | 84 | 105 | 103 | 102 | 105 | 112 | 111 | 105 | 107 | 113 | 145 | 142 |
| PBT | -22 | 20 | 30 | 35 | 51 | 40 | 46 | 115 | 153 | 179 | 203 | 223 | 278 |
| Tax % | 22% | 90% | 44% | 95% | 23% | 44% | 49% | 31% | 13% | 17% | 1% | 76% | 20% |
| Net Profit | -27 | 2 | 17 | 2 | 39 | 23 | 23 | 79 | 132 | 149 | 201 | 54 | 221 |
| EPS in Rs | -0.81 | 0.04 | 0.38 | 0.27 | 1.08 | 0.64 | 0.53 | 1.22 | 2.05 | 2.18 | 2.41 | 0.49 | 2.17 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 131 | 877 | 1,197 | 1,787 | 2,390 | 2,971 | 3,301 |
| Expenses | 48 | 258 | 381 | 531 | 716 | 869 | 947 |
| Operating Profit | 83 | 618 | 816 | 1,256 | 1,674 | 2,102 | 2,354 |
| OPM % | 63% | 71% | 68% | 70% | 70% | 71% | 71% |
| Other Income | 5 | 22 | 32 | 61 | 83 | 100 | 145 |
| Interest | 41 | 208 | 432 | 852 | 1,078 | 975 | 1,108 |
| Depreciation | 32 | 208 | 275 | 411 | 430 | 469 | 507 |
| PBT | 15 | 224 | 140 | 54 | 250 | 758 | 884 |
| Tax % | -69% | -10% | 7% | 128% | 36% | 29% | — |
| Net Profit | 25 | 246 | 131 | -15 | 160 | 537 | 626 |
| EPS in Rs | 0.84 | 7.35 | 3.92 | 0.28 | 3.04 | 6.42 | 7.25 |
| Div. Payout % | 0% | 274% | 0% | 0% | 622% | 0% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 8,177 | 8,987 | 8,656 | 10,910 | 16,419 | 20,812 |
| Reserves | 25 | -105 | -322 | -786 | -1,081 | -1,292 |
| Borrowings | 2,111 | 5,190 | 5,508 | 12,113 | 9,083 | 16,583 |
| Other Liabilities | 681 | 713 | 799 | 3,302 | 2,166 | 3,313 |
| Total Liabilities | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
| Fixed Assets | 10,107 | 13,632 | 13,546 | 23,998 | 23,855 | 36,640 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1,072 | 883 |
| Other Assets | 887 | 1,154 | 1,095 | 1,540 | 1,660 | 1,892 |
| Total Assets | 10,995 | 14,786 | 14,641 | 25,539 | 26,588 | 39,416 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 140 | 606 | 953 | 1,433 | 1,841 | 2,285 |
| Investing | 30 | -1,385 | -109 | -2,028 | -74 | -6,048 |
| Financing | 146 | 667 | -838 | 756 | -1,571 | 3,862 |
| Net Cash Flow | 316 | -111 | 5 | 161 | 196 | 100 |
| Free Cash Flow | 91 | 492 | 948 | 1,415 | 1,840 | 2,284 |
| CFO/OP | 100 | 101 | 114 | 112 | 110 | 110 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 9 | 16 | 15 | 10 | 14 |
| Cash Conversion Cycle | 67 | 9 | 16 | 15 | 10 | 14 |
| Working Capital Days | -1,239 | -193 | -153 | -321 | -153 | -176 |
| ROCE % | — | 4% | 4% | 5% | 5% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Brookfield India Real Estate Trust insights
55 extracted metrics + investor summaries across FY20–FY26.
Documents
Frequently Asked Questions about Brookfield India Real Estate Trust
What does Brookfield India Real Estate Trust do?
Where is Brookfield India Real Estate Trust (BIRET) listed?
Which sector does Brookfield India Real Estate Trust belong to?
What is the market capitalisation of Brookfield India Real Estate Trust?
What is the PE ratio of Brookfield India Real Estate Trust?
What is the 52-week high and low of Brookfield India Real Estate Trust?
Does Brookfield India Real Estate Trust pay dividends?
What is the Return on Equity (ROE) of Brookfield India Real Estate Trust?
Company Information
Brookfield India Real Estate Trust REIT is an India-based commercial real estate vehicle. The investment trust's portfolio consists of campus-format office parks. Its commercial assets are located in Mumbai, Gurgaon, Noida and Kolkata.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/BIRET.md for Brookfield India Real Estate Trust: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.