Indian REITs Distribute Record ₹6,070 Crore in FY25, Investor Confidence Soars

A Year of Remarkable Growth and Investor Confidence

India’s four publicly listed Real Estate Investment Trusts (REITs) have once again demonstrated their resilience and robust growth trajectory by distributing an impressive ₹6,070 crore to unitholders in the financial year 2024-25. This figure marks a significant 13% increase compared to the ₹5,366 crore distributed in the previous fiscal year, underscoring the sector’s consistent upward momentum and the growing trust investors place in these instruments.

During the March quarter alone, these REITs collectively distributed over ₹1,553 crore to more than 2.64 lakh unitholders, reflecting a 13% year-on-year growth from ₹1,377 crore in the same quarter of the prior year. This steady rise in distributions is a testament to the strength of the underlying assets and the effective management strategies employed by these trusts.

The four key players in India’s REIT market-Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust-have collectively reported a net operating income (NOI) of ₹89,100 crore in FY25, a remarkable 16% increase from ₹76,626 crore in FY24. This growth of ₹12,474 crore in NOI highlights the expanding rental income streams and the increasing value of their real estate portfolios.

In parallel, their total revenue from operations surged by 16%, rising from ₹97,482 crore in FY24 to ₹1,12,802 crore in FY25. This substantial increase of ₹15,320 crore reflects not only higher occupancy rates and rental escalations but also the strategic acquisitions and developments undertaken by these REITs.

Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and Chairman of the Indian REITs Association, emphasized the sector’s maturity and investor confidence: “The robust quarterly distributions and expanding investor base reflect the increasing maturity and investor confidence in India’s REIT ecosystem. 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. We remain optimistic about the long-term prospects of Indian REITs amid evolving market dynamics.”

India’s REIT market now manages gross assets under management (AUM) exceeding ₹1.63 lakh crore, with a combined market capitalization of over ₹98,000 crore as of May 14, 2025. The four REITs operate more than 128.9 million square feet of Grade A office and retail real estate across India’s key urban centres, making them pivotal players in the country’s commercial real estate landscape.

Since their respective inceptions, these REITs have cumulatively distributed over ₹22,800 crore to unitholders, highlighting their growing prominence among both institutional and retail investors. This cumulative distribution not only reflects sustained profitability but also the increasing role REITs play in democratizing access to high-quality real estate investments.