Propshare Titania SM REIT - IPO (Second Scheme Of The Property Share Investment Trust) has informed the Exchange regarding Notice of Annual General Meeting scheduled to be held on 06/07/2026
Awaiting price reaction for this filing.
Propshare Titania SM REIT has informed BSE about its First Annual Meeting of Unitholders scheduled for July 6, 2026 at 1:00 PM IST via video conferencing, alongside submission of its First Annual Performance Report for FY25-26. The REIT's only asset is 4,37,973 sq ft of Grade A+ office space across six floors of G Corp Tech Park in Thane (Mumbai region), which was 100% occupied all year by 11 tenants including Aditya Birla Capital, Concentrix, IQVIA, and Hitachi Payment Services. For the year, the trust reported Revenue from Operations of ₹303.90 million, EBITDA of ₹173.84 million (57.2% margin), Net Distributable Cash Flow of ₹279.88 million, and a Distribution Per Unit of ₹62,728.77, translating to a 9% annualised yield on IPO price. NAV stood at ₹4,802.68 million (₹10,76,351 per unit) with the property market valued at ₹4,986 million. Despite strong operations, the trust posted a net loss of ₹54.10 million mainly due to a ₹157.16 million deferred tax charge.
Unitholders received a steady 9% annualised distribution yield with 100% payout and full asset occupancy, signalling reliable income. The reported loss is largely a non-cash deferred tax entry and does not reflect the trust's actual cash performance.