Brookfield India REIT declares distribution of Rs. 5.10 per unit

The Board of Directors of Brookprop Management Services Private Limited, the manager of Brookfield India Real Estate Trust ("Brookfield India REIT") at its meeting held on Wednesday, May 18, 2022, through Audio-Visual Electronic Communication has declared distribution of ₹ 1,708.94 million / ₹ 5.10 per unit for the quarter ended March 31, 2022. The distribution comprises of ₹ 958.35 million/ ₹ 2.86 per unit in the form of interest payment on shareholder loan and CCDs, ₹ 23.45 million / ₹ 0.07 per unit in the form of dividend; ₹ 720.44 million / ₹ 2.15 per unit in the form of repayment of SPV debt and the balance ₹ 6.70 million / ₹ 0.02 per unit in the form of interest on fixed deposit.

Together with distributions already made during the three previous quarters, the distributions for full year ended March 31, 2022, amounts to ₹ 6,856.57 million / ₹ 22.10 per unit.

Shares of Brookfield India Real Estate Trust REIT was last trading in BSE at Rs. 318.71 as compared to the previous close of Rs. 306.65. The total number of shares traded during the day was 2964 in over 162 trades.

The stock hit an intraday high of Rs. 321.99 and intraday low of 307.98. The net turnover during the day was Rs. 930912.00.

Source : Equity Bulls

Keywords

BrookfieldIndiaREIT Distribution FY2022