annual report 2020/21

Annual Report 20-21

Home to
the Economy

India has emerged as an attractive destination for leading multinational corporates looking to leverage the young, highly skilled and competitive talent pool

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AT A GLANCE

Transformative Spaces
that Inspire Excellence

Brookfield India REIT is India's only 100% institutionally managed real estate investment trust.

₹65 per sf

IN-PLACE RENT
PER MONTH

₹317

UNIT NAV

31%

MARKET TO MARKET
POTENTIAL

6.5

WALE (YEARS)

93%

VALUE FROM
COMPLETED ASSETS

18%

LTV

₹114,808M

TOTAL VALUE OF
THE PORTFOLIO

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CHAIRMAN’S MESSAGE

Housing India’s
Service Economy

During FY2021, we witnessed a period of unimaginable disruption brought about by the impact of the coronavirus pandemic. Our collective resilience as individuals as well as businesses has been put to test. I am grateful to have seen the level of commitment that our teams showcased to ensure business continuity for us and for our tenants and I am proud that our business and its performance has proven its mettle.

Ankur Gupta Chairman, Board of Directors
Manager of Brookfield India REIT

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CEO’S MESSAGE

Direct Beneficiary
of Post-pandemic Recovery

It gives me immense pleasure to share with you our first annual report , which highlights the resilience of our business in the face of unprecedented challenges. Our strong relationship with our tenants and the value proposition of our properties enabled us to keep our Portfolio stable and strong through these challenging times.

Alok Aggarwal CEO
Manager of Brookfield India Real Estate Trust

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OPERATIONAL AND
FINANCIAL HIGHLIGHTS

Demonstrating Unmatched
Stability and Resilience

Brookfield India REIT’s inherent business model relies on contractual agreements with trustworthy parties. Despite the adversities posed by the pandemic, our underlying business has remained consistent and Brookfield India REIT’s story remains unchanged.

OPERATING HIGHLIGHTS (FY21)

New Leasing (sf) 122,000

Leased and Renewed (sf) 673.000

Average Re-leasing (%) 17%

New Area Delivered (sf) 481,000

FINANCIAL METRICS (FY21)

Income from Operating Lease Rentals (OLR) 6,100

Revenue from Operations 8,628

Net Operating Income (NOI) 6,600

Comparable NOI 6,548

OUR PORTFOLIO

Creating Value with A World-Class Portfolio

Brookfield India REIT has a robust portfolio of campuses catering to a diverse tenant base.

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OUR PROPERTIES

Kensington

Powai, Mumbai

Candor TechSpace G2

Gurugram

Candor TechSpace N1

Noida

Candor TechSpace K1

Kolkata

OUR TENANTS

Home to Future-ready Organizations

Our tenants are well positioned to take advantage of the favorable regulations and industry opportunities. Brookfield India REIT is providing these corporates with the requisite spaces to optimize their potential.

118 DIVERSE BASE OF
MARQUEE TENANTS

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Environment,
Social & Governance

How We Integrate
ESG Aspects

Brookfield India REIT is fully committed to developing and operating high-quality assets that meet the highest standards of environmental sustainability, enable positive social impact and have an institutional governance mechanism.

Environment

Making Responsible
Choices Everyday

We are devoted to providing an experience that is ecologically responsible, pollutionfree and encourages sustainable best practices.

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Social

Building a constructive Environment for our People

Our placemaking philosophy is imbibed in our daily operations and is a crucial aspect of our philosophy.

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GOVERNANCE

Institutional Corporate Governance Framework

At Brookfield India REIT, we uphold the highest standards of ethics, integrity, transparency and regulatory compliance.

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COVID-19 RESPONSE AND
BUSINESS CONTINUITY

Ensuring the Highest
Standards of Safety

Our agile response to the disruptions caused by the pandemic, has helped ensure the smooth continuity of critical operations. Despite the scarcity of labor, we’ve ensured that the developments in our properties are on track.

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How we create value

India’s vast and educated workforce, relatively low rents for high-quality commercial spaces and favorable regulatory developments make it an ideal destination for global corporations to set up shop.

STRATEGY

Drawing Up a Strong
Growth Plan

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INVESTMENT THESIS

Leveraging Potential, Creating Opportunity

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INVESTOR RELATIONS UPDATE

Unitholder
Engagement

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MDA

Management
Discussion & Analysis

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INDUSTRY OVERVIEW

Industry Landscape of
Our Tenants

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RECOGNITION

Awards and Accolades

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