Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Mindspace Business Parks REIT reported strong Q2 FY26 results with revenue from operations rising 24.8% YoY to INR 7,778 Mn and Net Operating Income (NOI) up 25.8% YoY to INR 6,339 Mn. Distribution for the quarter grew 16.3% YoY to INR 3,552 Mn, translating to a Distribution Per Unit (DPU) of INR 5.83, up 13.2% YoY. Gross leasing was robust at 0.8 msf with a healthy re-leasing spread of 28.1%, while committed occupancy stood at 93.8% (94.6% on a like-to-like basis). The portfolio's Gross Asset Value grew to INR 410.2 Bn and NAV rose to INR 483.7 per unit, supported by a low LTV of 24.2% and cost of debt reduced by 32 bps sequentially to 7.52%. The REIT also completed the acquisition of Q-City (now rebranded as The Square 110 Financial District) during the quarter, expanding its Hyderabad presence.
The strong YoY growth in NOI, DPU and re-leasing spreads signals robust operational health and should support positive sentiment among unitholders; the record date for distribution is November 8, 2025, with payment on or before November 14, 2025.