BSEMindspace Business Parks REITMediumNeutral
Announced Wed, 5 Nov · 17:49 IST

Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue

Investor Communications View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

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.