Curation Team
NEW DELHI: Four listed Real Estate Investment Trusts (REITs) have collectively distributed over ₹1,553 crore to more than 2.64 lakh unitholders during the fourth quarter of the financial year ended March 31, 2025. This marks around 13% increase compared to ₹1,377 crore distributed in the same quarter of the financial year ended March 31, 2024.
For the full financial year 2024–25, the cumulative distribution by the four REITs reached ₹6,070 crore, up from ₹5,366 crore in FY24, reflecting a strong and consistent over 13% year-on-year growth.
The four listed REITs reported a net operating income (NOI) of ₹89,100 crore in FY25, compared to ₹76,626 crore in FY24 — an increase of ₹12,474 crore, representing 16% year-on-year growth. Their total revenue from operations also rose by 16%, from ₹97,482 crore in FY24 to ₹1,12,802 crore in FY25 — an increase of ₹15,320 crore.
Alok Aggarwal, chairman, Indian REITs Association, said, “A 13% year-on-year increase in distributions underscores the strength and stability of the sector, driven by high-quality assets and strong leasing activity, particularly from Global Capability Centres (GCCs) and strong domestic demand.”
India’s REIT market manages gross assets under management (AUM) exceeding ₹1.63 lakh crore, with a combined market capitalisation of over ₹98,000 crores (as of 14 May 2025). The four REITs collectively operate more than 128.9 million sq ft of Grade A office and retail real estate.
The four listed REITs are – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
