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The Brookfield India Real Estate Trust (BIRET) Fair Value & Analysis

Real Estate · IN · Market cap ₹284B

TB The Brookfield India Real Estate Trust BIRET · BSE
Price₹341.83
Fair Value₹119.42
Upside-65.1%
Quality39/100
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Healthy Growth
Solidly profitable · 15.9% net margin
Moderate debt · generates free cash flow
6.31% dividend yield
Mixed vs. peers (7/14)
Moderate moat 55/100
Evidence: Medium Range ₹119.42 – ₹119.42 Share as image

Fair value as of: Aug 19, 2026

From 13 valuation models · updated yesterday

Share price +2.0% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹119.42). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹357.24 ₹163.30 Fair Value ₹119.42 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹163.30 – ₹357.24 · the ₹341.83 price screens above the ₹119.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

The Brookfield India Real Estate Trust (BIRET) currently trades at ₹341.83, while our model-based Fair Value estimate is ₹119.42, implying the stock looks roughly 65.1% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, The Brookfield India Real Estate Trust generated revenue of ₹33.7B at a net margin of 15.9%. Revenue grew 51.4% year over year. It earns a return on equity of 3.0%. Net debt stands at ₹158B. Fundamentals as of Aug 19, 2026

The share trades about 6% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -65%, BIRET screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹217.59 ₹656.21 ₹1,393 80
Residual Income ₹154.21 ₹149.59 ₹126.69 76
P/S Multiple ₹73.93 ₹98.58 ₹123.22 58
All 13 models by family
DCF Models
FCF DCF ₹242.27 ₹505.15 ₹1,365 38
5Y Revenue Exit ₹70.47 ₹239.09 ₹590.36 39
5Y EBITDA Exit ₹181.92 ₹464.51 ₹1,019 41
10Y Revenue Exit ₹115.51 ₹433.05 ₹620.78 36
10Y EBITDA Exit ₹207.03 ₹678.69 ₹1,497 37
Multiples
P/S Multiple ₹73.93 ₹98.58 ₹123.22 58
P/B Multiple ₹73.93 ₹98.58 ₹123.22 55
EV/EBIT ₹149.62 ₹261.82 ₹374.02 53
EV/EBITDA ₹145.24 ₹255.98 ₹366.72 54
EV/Revenue ₹63.65 ₹138.83 43
Asset-Based
NCAV (Graham) ₹105.59 ₹141.49 ₹211.19 50
Growth DCF
Growth DCF ₹217.59 ₹656.21 ₹1,393 80
Economic Profit
Residual Income ₹154.21 ₹149.59 ₹126.69 76

Widest divergence: Growth DCF (₹656.21) versus Multiples (₹98.58). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹33.7B
Revenue growth (YoY) +51.4%
Net margin 15.9%
Return on equity 3.0%
Free cash flow ₹19.9B FY2026
P/E ratio 47.0
More key figures
Operating margin 59.9%
EPS (TTM) ₹7.28
Dividend yield 6.3%
EPS growth (YoY) +8.1%
Net debt ₹158B FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 42 · Market factors (momentum, volatility) 65

Profitability 26
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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 …

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Brookfield India Real Estate Trust reported revenue of ₹29.7B in FY2026 versus ₹8.8B in FY2022, a compound +35.7%/yr. Reported net income was ₹4.8B in FY2026, compounding +18.2%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹29.7B
Latest YoY
+24.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+35.4%
Revenue +35.7%/yr
FY22 ₹8.8B
FY23 ₹12.0B
FY24 ₹17.9B
FY25 ₹23.9B
FY26 ₹29.7B
Net income +18.2%/yr
FY22 ₹2.5B
FY23 ₹1.3B
FY24 ₹121M
FY25 ₹1.8B
FY26 ₹4.8B

BIRET screens 65% overvalued. Compare with MERLIN Properties SOCIMI, S.A →

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Cite: Fair Value Calculator (2026). "The Brookfield India Real Estate Trust Fair Value". https://www.fairvalue-calculator.com/stock/BIRET

Peer Group

REIT - Office · 73 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Bottom 25%
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 3% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 16% · Above median
Operating margin (TTM) 60% · Above median
Revenue growth 51% · Top 25%
Dividend yield (TTM) 6.4% · Above median
Debt / equity 0.92× · Higher than median

Valuation Multiples vs REIT - Office median · lower = cheaper

P/E (TTM) 47.0× · Pricier than 75% of peers
P/B 1.62× · Pricier than 75% of peers
P/S (TTM) 8.41× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 17.9× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE100 · sector 0
PAST12 · sector 6
HEALTH54 · sector 64
DIVIDEND100 · sector 100

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
MERLIN Properties SOCIMI, S.A MRL €15.23 €5.66 -63%
BXP, Inc BXP $67.95 $53.27 -22%
Vornado Realty Trust VNORP $51.00 $40.45 -21%
Alexandria Real Estate Equities, Inc ARE $48.06 $58.69 +22%
Hudson Pacific Properties, Inc HPP $14.31 $4.28 -70%
Mapletree Pan Asia Commercial Trust N2IU 1.27 SGD 1.14 SGD -10%
Cousins Properties Incorporated CUZ $29.49 $17.46 -41%
Keppel DC REIT AJBU 2.21 SGD 1.68 SGD -24%
Kilroy Realty Corporation KRC $36.24 $40.37 +11%
DEXUS DXS A$5.96 A$4.49 -25%

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Frequently asked questions

Is The Brookfield India Real Estate Trust (BIRET) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹119.42 versus a price of ₹341.83, about −65% (overvalued).
What is the fair value of BIRET?
Our model-based fair value for The Brookfield India Real Estate Trust is ₹119.42 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹341.83.
What is the quality score of BIRET?
The Brookfield India Real Estate Trust has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The Brookfield India Real Estate Trust (BIRET)?
The Brookfield India Real Estate Trust reported trailing-twelve-month revenue of about ₹33.7B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of BIRET?
The net profit margin of The Brookfield India Real Estate Trust is about 15.9%, meaning it keeps roughly 15.9% of revenue as net income. Based on the latest reported figures.
Does The Brookfield India Real Estate Trust pay a dividend?
The Brookfield India Real Estate Trust currently shows a dividend yield of about 6.31% relative to its recent price (as of Aug 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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