Brookfield India Real Estate declares Q3FY22 result:
- Planned distribution of Rs 1.5 billion (Rs 5.00 per unit) this quarter, with 34% of distributions tax free for unit holders. Total cumulative distribution of Rs 17.00 per unit since listing
- Generated NDCF of Rs 1.4 billion (Rs 4.74 per unit) for the quarter, totalling Rs. 5.3 billion (Rs 17.59 per unit) since listing
- Achieved a ~40 bps reduction in borrowing costs and continue to maintain a strong balance sheet with 33% loan-to-value ratio post N2 Acquisition
- Income from Operating Lease Rentals at Rs 1.4 billion (4.3% decrease over Q3 FY2021) and Net Operating Income at Rs 1.5 billion (7.7% decrease over Q3 FY2021) with an expected pick up in subsequent quarters driven by the new leases contracted in Q3 FY2022