Mumbai, August 20, 2024 : In the first quarter of the current financial year, publicly listed Real Estate Investment Trusts (REITs) in India have distributed more than ₹1,371 crore to over 2,45,000 unit holders, according to data released by the Indian REITs Association (IRA).
Since their inception over the past five years, these four REITs have collectively distributed more than ₹18,000 crore to their unit holders. The four publicly listed REITs in India include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
As per the latest data from the IRA, the Indian REITs market now oversees gross Assets Under Management (AUM) of over ₹1,40,000 crore, with a market capitalization exceeding ₹87,000 crore as of June 28, 2024. The portfolio managed by these REITs spans approximately 122 million square feet of Grade A office and retail space across the country.
The Indian REITs Association, a non-profit organization established under the guidance of the Securities and Exchange Board of India (SEBI) and the Ministry of Finance, counts Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust among its four founding members.
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