Six REITs pay ₹3,136 crore to 4.85 lakh unitholders in Q1 FY27

India's six listed real estate investment trusts paid a combined ₹3,136 crore to more than 4.85 lakh unitholders in the first quarter of financial year 2026-27 (FY27). The payout was more than double the ₹1,559 crore that four listed REITs distributed in the year-ago quarter and about 22% above the ₹2,566 crore paid in the March quarter, data from the Indian REITs Association (IRA) showed.

Part of the jump is arithmetic. The year-ago comparison pairs six trusts against four, so the count alone lifts the total. Knowledge Realty Trust and Bagmane Prime Office REIT joined the listed market over the past year, and Bagmane Prime Office REIT began trading on the exchanges in May. The full list now runs to Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust and Bagmane Prime Office REIT.

More listed trusts have also meant a bigger investor base. Combined gross assets under management across the six stood at more than ₹3.17 lakh crore as of Q1 FY27. Market capitalisation was above ₹2.17 lakh crore as of Aug. 11, the IRA said. Together, the trusts manage more than 214 million sq ft of Grade A office and retail assets across India. Cumulative distributions to unitholders since the first REIT listings have crossed ₹34,800 crore.

The IRA attributed the strong payout to healthy rental collections, improving occupancy, the quality of the underlying properties and disciplined capital management by the trust managers. The aggregate figure hides variation between the trusts; each trust's own metrics decide how much cash it can pass through after debt service.

"The strong distribution in the quarter, despite continued global uncertainties, is a positive start to the financial year." Shirish Godbole, chief executive officer of Knowledge Realty Trust and chairperson of the Indian REITs Association, said in a statement