Brookfield India Real Estate Trust reports financial results for 2020-21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Explore Now
MUMBAI: Brookfield India Real Estate Trust, India’s only institutionally managed public commercial real estate vehicle, is well poised to benefit from recovery in real estate market as well as significant increase in offshoring trends for the large IT companies which form majority chunk of the REIT tenant base, according to a note by domestic brokerage JM Financial Institutional Securities.
While initiating coverage with a 12 months target price of Rs 280 as against the current market price of Rs 232,
JM Financial said that Brookfield India REIT offers a compelling value proposition with a global parentage of Brookfield Group and a stable portfolio of 75% of the rentals from MNCs with committed same store occupancy of 91% as of February 2021.
$36 billion worth of real estate could be listed under REITs in India: JLL indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
March 16 2021
In spite of challenges posed by the global COVID-19 pandemic, geopolitical tensions in the Indian sub-continent and market uncertainties associated with the US presidential elections, Indian M&A deal activity remarkably prospered in certain respects during 2020.
Deal flow crossed the $82 billion mark in aggregate deal value, representing an increase of 22.9% from 2019. However, nearly a quarter of this figure is attributable to multiple big-ticket investments made in Jio Platforms, the holding company for India s largest mobile network operator Jio and other digital businesses of the Reliance group, and there was an overall 17.1% fall in total deal-count. The second quarter of 2020, in particular, saw a significant drop in transactions.