To be fair all REITs/INVITs have been affected by the interest rate movements globally and in India. The office reits have also had to deal with reduced occupancy (WFH, Hybrid models) and now some slowdown in IT.
I think it can produce 7-8% on invested capital however my concern is the growth of DPU. While NOI can grow, there is a lag in DPU increase especially if there is a lot of debt or unit dilution
Disc: Invested
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