Mindspace Business Parks REIT Reports Record Leasing & Strong Q4 Performance

Image Source: The Economic Times

Mindspace Business Parks REIT has reported record-breakthrough financial performance in Q4 FY25, with net operating income (NOI) increasing 13% year-on-year to ₹540 crore. The firm also posted gross leasing of 2.8 million square feet, its highest-ever quarterly leasing. Here is a detailed overview:

Financial Performance & NOI Growth

Q4 FY25 NOI: ₹540 crore, up 13% YoY, on strong leasing demand.
Revenue from operations: ₹678 crore, marking 14% YoY growth.

Record Leasing Activity

Gross leasing: 2.8 million square feet, highest since listing.
Net leasing: 2 million square feet, confirming robust tenant demand.

Occupancy & Market Expansion

Occupancy rate: 93%, highest since listing.
Net asset value (NAV): ₹431.7 per unit, up 10% YoY.

Investor Returns & Distribution Growth

Distribution to unitholders: ₹392 crore, up 39% YoY.
Distribution per unit: ₹6.44, indicating robust financial stability.

Future Outlook & Strategic Investments

Mindspace REIT seeks to increase occupancy to 95% in FY26, with high-quality assets.
The company is increasing its data center assets, with 1.7 million square feet capacity.

This all-time quarter showcases Mindspace REIT's resilience, solidifying its position as a prime commercial real estate player.

Sources: CNBC TV18, The Hindu Business Line, Moneycontrol, Rediff, Business Standard