Grade A shopping malls earning fixed rent plus a share of tenants' sales.
India's only listed retail REIT: Grade A malls in about 14 cities, sponsored by Blackstone
n/m = not meaningful for a REIT. REITs pass at least 90% of their distributable cash flow to unitholders as distributions, mostly as interest and repayment of debt from their property companies rather than dividends. Screener's dividend yield counts only the dividend part, and heavy depreciation on the buildings depresses reported profit, so P/E, ROE and dividend yield are not meaningful here. Use the trust's distribution per unit (in its quarterly results) for yield.
Note: listed May 2023 - pre-listing years left blank; REIT: most of the payout is interest and debt repayment rather than dividend, so P/E, ROE and dividend yield don't reflect what unitholders receive (see the trust's distribution per unit)
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Develops and runs large urban malls, leasing space to brands for a minimum rent or a share of their sales (whichever is higher), plus parking, advertising and entertainment income.
India has very little Grade A mall space per person compared with other large economies, so the best malls in each city run near-full and capture a growing share of branded spending.
Rent rises with tenant sales through revenue-share leases, so a well-located mall grows like a consumer business with a property balance sheet. Weak, poorly located malls (most of India's older stock) earn far less - the pool is concentrated in a few dozen assets.