Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT's Board approved unaudited standalone and consolidated financial results for Q1 FY26 (ended June 30, 2025), reporting total income of Rs. 2,900.63 million and profit after tax of Rs. 1,822.33 million (vs. Rs. 207.36 million in Q1 FY25), translating to EPS of Rs. 2.99 per unit. The Board declared a distribution of Rs. 5.79 per unit (Rs. 3,527.17 million total) for the quarter, comprising Rs. 3.19 as dividend, Rs. 0.10 as interest, Rs. 2.47 as SPV debt repayment, and Rs. 0.03 as other income, with record date August 7, 2025 and payment by August 14, 2025. The Board also approved acquisition of an ~8,960 sq. ft. office unit at Commerzone Yerawada, Pune for Rs. 80.5 million. Additionally, Mr. Sandeep Mathrani (former CEO of General Growth Properties and WeWork) was appointed as Independent Director for 5 years, and Ms. Preeti Chheda was appointed as Chief Financial Officer and KMP.
Unitholders will receive a Rs. 5.79 per unit quarterly distribution (lower than Rs. 6.44 paid in the previous quarter), reflecting steady but slightly reduced cash flows. The sharp YoY profit jump is driven mainly by dividend income from SPVs and signals healthy operating performance, while the high-profile US REIT veteran joining the Board adds strategic depth, and the small Pune acquisition supports portfolio expansion.