New Delhi: Four listed real estate investment trusts have paid out Rs 1,371 crore to their unit holders for the first quarter of this fiscal. The four publicly listed real estate investment trusts (REITs) in the country are Brookfield India Real Estate Trust, Embassy Office Park REIT, Mindspace Business Park REIT and Nexus Select Trust.

According to data from the Indian Reits Association (IRA), these four REITs together distributed over Rs 1,371 crore to over 2,45,000 unit holders in the June quarter. Since their inception, over the last five years, these four REITs have collectively distributed over Rs 18,000 crore to their unit holders.

AUM more than Rs 1,40,000 crore

The domestic REIT market now has gross assets under management (AUM) of over Rs 1,40,000 crore. Together, the four REITs' properties span about 122 million sq ft of grade A office and retail space across the country.

The Indian REIT Association is a non-profit organization established under the guidance of SEBI and the Ministry of Finance. It includes Brookfield India Real Estate Trust, Embassy Office Park REIT, Mindspace Business Park REIT and Nexus Select.

Nexus Select Trust owns rent-earning retail properties. The other three REITs own large-scale prime office spaces. The government has recently reduced the unit holding period for determining long-term capital gains for business trusts, including REITs and infrastructure investment trusts (InvITs), from 36 months to 12 months in the Union Budget. This is aimed at increasing the investor base for these products.