Brookfield REIT's net drops 12% to Rs 60 cr in Q3, revenue down 8%

Announces a planned distribution of Rs 150 crore (Rs 5.00 per unit) this quarter, with 34 per cent of distributions tax free for unit holders

Brookfield REIT saw its net profit drop 12 per cent to Rs 60 crore in the December quarter (Q3), compared to the preceding quarter. The realty major’s revenue slid 8 per cent to Rs 195 crore in the third quarter. It did not disclose year-ago numbers in its financials.

The REIT has announced a planned distribution of Rs 150 crore (Rs 5.00 per unit) this quarter, with 34 per cent of distributions tax free for unit holders. With this, its total cumulative distribution comes to Rs 17.00 per unit since listing last year on the bourses. 

The realty trust said