Conceptually complete Return of Capital will take a lot of time for many Invit/REIT. I am invested mostly in IRB Invit and that being first Invit launched in 2017.As on date it has Returned around Rs 20 from Rs 102 initial Book Value. Their current Toll concessions for one of their portfolio assets go upto Dec 2042 and so it will take at least 2042 for complete Return of Capital. The portion of this ROC will keep changing through years but still current investors can be assured that there will be a tax free distribution in each quarterly payout.
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