Indian REITs distribute Rs 2,754 crore in H1 FY24, up 14% YoY
Real Estate Investment Trusts (REITs) have disbursed a total of Rs 2,754 crore to their unitholders in the first half of fiscal 2024, reflecting a 14% increase over the previous year's distribution, according to the Indian REITs Association (IRA).
The total disbursement for H1 FY24 was split between four major listed REITs —Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust. The funds were distributed to more than half a million unitholders, with the second quarter alone accounting for Rs 1,383 crore. Since their inception, Indian REITs have distributed over Rs 19,000 crore to investors, highlighting the sector's growing appeal in the country’s real estate market.
As of the first half of the current fiscal year, four publicly listed REITs in India have distributed Rs 2,754 crore to unitholders, marking a notable 14% increase from the Rs 2,417 crore disbursed during the same period last year. This growth reflects the expanding maturity of India’s REIT market, which now manages assets worth over Rs 1.52 lakh crore.
For Q2 alone, the four REITs distributed more than Rs 1,383 crore to over 2.55 lakh unitholders, while in Q1, distributions amounted to Rs 1,371 crore, benefiting about 2.45 lakh unitholders.
Also read | CGD firms MGL, IGL shares nosedive 18% on APM gas allocation cuts
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Technical Analysis Made Easy: Online
