Propshare Titania SM REIT - IPO (Second Scheme Of The Property Share Investment Trust) has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
PropShare Titania SM REIT, India's first SEBI-registered Small and Medium REIT, submitted its half-yearly report for H1 FY26 (ended September 30, 2025). The scheme owns 4,37,973 sq ft of office space across six floors of G Corp Tech Park in Thane, Mumbai, which was 100% occupied during the period. Revenue from operations stood at ₹74.10 million, with EBITDA of ₹67.41 million (90.97% margin) and Net Distributable Cash Flow of ₹67.64 million. The scheme distributed ₹15,159.46 per unit, translating to a 9% annualized yield on the IPO price, with a 100% distribution payout. NAV was ₹4,929.55 million (₹11,04,785 per unit). The property is leased to blue-chip tenants including Aditya Birla Capital, Concentrix, and a Fortune 500 healthcare company, with a weighted average lease expiry of 2.7 years and built-in 5% annual rent escalation.
This is a routine half-yearly report submission with no major negative disclosures. The 100% occupancy, high EBITDA margin of 91%, and 9% annualized distribution yield are positive indicators for unitholders. The stock has traded in a narrow range of ₹10.5–10.7 lakh since its August 4, 2025 BSE listing, with very low trading volumes (60 units in H1 FY26).