12-Oct-2026 07:43:58
STANLEYAcquisition and merger
MORGAN STANLEY ON REITs
• Strong GCC expansion outlook should support double-digit returns for Indian REITs overall. • Mindspace remains the preferred play; its data centre portfolio offers a differentiated growth opportunity. • Embassy REIT: Low mark-to-market potential and limited completions constrain organic growth. • Embassy’s higher leverage also restricts acquisition headroom. • Brookfield REIT: Negligible development pipeline limits organic upside. • Brookfield’s high gross debt adds risk to DPU growth amid the rate-hike cycle.
STANLEY LIFESTYLES LTD