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BIRE

Brookfield India Real Estate Trust NSEI:BIRET Stock Report

Last Price

₹321.25

Market Cap

₹107.6b

7D

-1.8%

1Y

20.6%

Updated

29 Sep, 2022

Data

Company Financials +
BIRET fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health0/6
Dividends2/6

BIRET Stock Overview

The Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate vehicle.

Brookfield India Real Estate Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Brookfield India Real Estate Trust
Historical stock prices
Current Share Price₹321.25
52 Week High₹345.00
52 Week Low₹260.50
Beta0
1 Month Change-4.09%
3 Month Change-1.16%
1 Year Change20.60%
3 Year Changen/a
5 Year Changen/a
Change since IPO19.46%

Recent News & Updates

Aug 11
Analysts Are Updating Their Brookfield India Real Estate Trust (NSE:BIRET) Estimates After Its First-Quarter Results

Analysts Are Updating Their Brookfield India Real Estate Trust (NSE:BIRET) Estimates After Its First-Quarter Results

It's been a good week for Brookfield India Real Estate Trust ( NSE:BIRET ) shareholders, because the company has just...

Shareholder Returns

BIRETIN REITsIN Market
7D-1.8%-5.3%-4.6%
1Y20.6%-8.4%-1.9%

Return vs Industry: BIRET exceeded the Indian REITs industry which returned -9.4% over the past year.

Return vs Market: BIRET exceeded the Indian Market which returned -1.9% over the past year.

Price Volatility

Is BIRET's price volatile compared to industry and market?
BIRET volatility
BIRET Average Weekly Movement1.6%
REITs Industry Average Movement2.4%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.8%

Stable Share Price: BIRET is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BIRET's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aAlok Aggarwalhttps://brookfieldindiareit.in

The Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management, one of the world’s largest alternative asset managers with approximately US$600 billion in assets under management, as of March 31, 2021, our goal is to be the leading owner of high quality income producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry.

Brookfield India Real Estate Trust Fundamentals Summary

How do Brookfield India Real Estate Trust's earnings and revenue compare to its market cap?
BIRET fundamental statistics
Market Cap₹107.65b
Earnings (TTM)₹2.20b
Revenue (TTM)₹9.70b

49.0x

P/E Ratio

11.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIRET income statement (TTM)
Revenue₹9.70b
Cost of Revenue₹810.90m
Gross Profit₹8.89b
Other Expenses₹6.69b
Earnings₹2.20b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.55
Gross Margin91.64%
Net Profit Margin22.64%
Debt/Equity Ratio58.4%

How did BIRET perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

85%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BIRET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIRET?

Other financial metrics that can be useful for relative valuation.

BIRET key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.2x
Enterprise Value/EBITDA23.4x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does BIRET's PE Ratio compare to its peers?

BIRET PE Ratio vs Peers
The above table shows the PE ratio for BIRET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.6x
543217 Mindspace Business Parks REIT
43.6x18.0%₹218.1b
EMBASSY Embassy Office Parks REIT
38.9x18.8%₹335.7b
543290 Powergrid Infrastructure Investment Trust
20.8xn/a₹125.9b
532929 Brigade Enterprises
55.2x29.0%₹116.2b
BIRET Brookfield India Real Estate Trust
49x26.3%₹107.6b

Price-To-Earnings vs Peers: BIRET is expensive based on its Price-To-Earnings Ratio (49x) compared to the peer average (39.6x).


Price to Earnings Ratio vs Industry

How does BIRET's PE Ratio compare vs other companies in the Asian REITs Industry?

Price-To-Earnings vs Industry: BIRET is expensive based on its Price-To-Earnings Ratio (49x) compared to the Asian REITs industry average (16.9x)


Price to Earnings Ratio vs Fair Ratio

What is BIRET's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIRET PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49x
Fair PE Ratio44.7x

Price-To-Earnings vs Fair Ratio: BIRET is expensive based on its Price-To-Earnings Ratio (49x) compared to the estimated Fair Price-To-Earnings Ratio (44.7x).


Share Price vs Fair Value

What is the Fair Price of BIRET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIRET (₹321.25) is trading above our estimate of fair value (₹299.25)

Significantly Below Fair Value: BIRET is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Brookfield India Real Estate Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIRET's forecast earnings growth (26.3% per year) is above the savings rate (6.8%).

Earnings vs Market: BIRET's earnings (26.3% per year) are forecast to grow faster than the Indian market (18.5% per year).

High Growth Earnings: BIRET's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BIRET's revenue (14.4% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: BIRET's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BIRET's Return on Equity is forecast to be low in 3 years time (5%).


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Past Performance

How has Brookfield India Real Estate Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BIRET has high quality earnings.

Growing Profit Margin: BIRET's current net profit margins (22.6%) are lower than last year (25.7%).


Past Earnings Growth Analysis

Earnings Trend: BIRET's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: BIRET's earnings growth over the past year (108.4%) exceeds its 5-year average (29.4% per year).

Earnings vs Industry: BIRET earnings growth over the past year (108.4%) exceeded the REITs industry 21.9%.


Return on Equity

High ROE: BIRET's Return on Equity (2.5%) is considered low.


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Financial Health

How is Brookfield India Real Estate Trust's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BIRET's short term assets (₹3.8B) do not cover its short term liabilities (₹5.8B).

Long Term Liabilities: BIRET's short term assets (₹3.8B) do not cover its long term liabilities (₹53.2B).


Debt to Equity History and Analysis

Debt Level: BIRET's net debt to equity ratio (56.1%) is considered high.

Reducing Debt: Insufficient data to determine if BIRET's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BIRET's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: BIRET's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

What is Brookfield India Real Estate Trust current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.26%

Current Dividend Yield

Dividend Yield vs Market

Brookfield India Real Estate Trust Dividend Yield vs Market
How does Brookfield India Real Estate Trust dividend yield compare to the market?
SegmentDividend Yield
Company (Brookfield India Real Estate Trust)0.3%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (REITs)4.9%
Analyst forecast in 3 Years (Brookfield India Real Estate Trust)6.7%

Notable Dividend: BIRET's dividend (0.26%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: BIRET's dividend (0.26%) is low compared to the top 25% of dividend payers in the Indian market (1.64%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether BIRET's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if BIRET's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (85%), BIRET's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (4.7%), BIRET's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Alok Aggarwal

no data

Tenure

Mr. Alok Aggarwal serves as the Managing Director and Chief Executive Officer at Brookprop Management Services Private Limited, a Manager of Brookfield India Real Estate Trust. Mr. Aggarwal heads all aspec...


Leadership Team

Experienced Management: BIRET's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: BIRET's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NSEI:BIRET Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Sep 22Buy₹262,613,146BSREP India Office Holdings VI Pte. Ltd.Company800,650₹328.00
22 Sep 22Sell₹262,613,146Bsrep India Office Holdings III Pte. LtdCompany800,650₹328.00
07 Sep 22Buy₹264,214,474Bsrep India Office Holdings III Pte. LtdCompany800,650₹330.00
07 Sep 22Buy₹1,117,920,098BSREP II India Office Holdings II Pte. LimitedCompany3,387,637₹330.00
07 Sep 22Sell₹1,117,920,098Kairos Property Managers Private LimitedCompany3,387,637₹330.00
07 Sep 22Sell₹264,214,474BSREP Moon C1 L.P.Company800,650₹330.00
07 Sep 22Buy₹26,400BSREP India Office Holdings Pte. Ltd.Company80₹330.00
07 Sep 22Sell₹26,400BSREP Moon C2 L.P.Company80₹330.00

Ownership Breakdown

What is the ownership structure of BIRET?
Owner TypeNumber of SharesOwnership Percentage
Institutions42,931,84612.8%
General Public127,535,42638.1%
Private Companies164,619,80149.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.7%.


Top Shareholders

Top 23 shareholders own 61.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.15%
BSREP India Office Holdings V Pte. Ltd.
54,117,888₹17.4b0%no data
12.38%
BSREP India Office Holdings Pte. Ltd.
41,499,453₹13.3b0%no data
10.96%
Bsrep India Office Holdings III Pte. Ltd
36,727,398₹11.8b0%no data
9.39%
BSREP II India Office Holdings II Pte. Limited
31,474,412₹10.1b12.06%no data
5.56%
HDFC Asset Management Company Limited
18,619,800₹6.0b0%0.18%
1.99%
Schroder Investment Management Limited
6,655,582₹2.1b0%0.02%
1.83%
The Vanguard Group, Inc.
6,119,004₹2.0b6.03%no data
0.86%
Schroder Investment Management (Hong Kong) Limited
2,865,164₹920.4m0%0.06%
0.45%
Franklin Resources, Inc.
1,500,000₹481.9m0%no data
0.36%
PPFAS Asset Management Private Limited
1,206,449₹387.6m15.46%0.16%
0.32%
Norges Bank Investment Management
1,058,914₹340.2m0%no data
0.31%
Edelweiss Asset Management Limited
1,035,400₹332.6m0%0.11%
0.29%
BlackRock, Inc.
979,134₹314.5m-1.23%no data
0.27%
Motilal Oswal Asset Management Company Limited
913,490₹293.5m0%0.09%
0.24%
BSREP India Office Holdings VI Pte. Ltd.
800,650₹257.2m0%no data
0.21%
SRE Capital Pte. Ltd.
709,797₹228.0m2.01%1.06%
0.2%
Kotak Investment Advisors Ltd.
667,400₹214.4m0%0.21%
0.066%
Kotak Mahindra Asset Management Company Limited
220,000₹70.7m0%0.01%
0.032%
State Street Global Advisors, Inc.
108,401₹34.8m0.68%no data
0.031%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
103,723₹33.3m0%no data
0.025%
Northern Trust Global Investments
84,513₹27.1m21.6%no data
0.025%
Tata Asset Management Limited
83,075₹26.7m-81.98%0.01%
0.0006%
Affin Hwang Asset Management Berhad
2,000₹642.5k0%no data

Company Information

Brookfield India Real Estate Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Brookfield India Real Estate Trust
  • Ticker: BIRET
  • Exchange: NSEI
  • Founded: NaN
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: ₹107.647b
  • Shares outstanding: 335.09m
  • Website: https://brookfieldindiareit.in

Number of Employees


Location

  • Brookfield India Real Estate Trust
  • Candor TechSpace IT/ ITES SEZ
  • Building 5A/10, Sector-48
  • Gurugram
  • Haryana
  • 122 018
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
543261BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2021
BIRETNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.