BSEOthers5 Aug 2026 · 5 Aug 2026, 07:12 pm
Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Mindspace Business Parks REIT · 543217
✦ AI Summary▲ PositiveResults
Mindspace Business Parks REIT has announced its Q1 FY27 results, reporting a 27.8% YoY growth in Net Operating Income (NOI) and a 15.2% YoY growth in Distribution Per Unit (DPU). The company has also launched two new office buildings and two new hotels, and has completed the acquisition of two new assets.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Mindspace Business Parks REIT - 543217 - Reg 23(5)(i): Disclosure of material issue
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August 05, 2026
The Listing Department The Listing Department
The National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G - Block, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai - 400051 Mumbai - 400001
Scrip Symbol: “MINDSPACE” (Units) Scrip Code “543217” (Units) and
Scrip Codes “974075”, “975068”, “975537”,
“975654”, “975763”, “976198”, “976691”,
“977043” “977120”, “977297”, “977350”,
“977614”, “977771” and “978031” (Non-
Convertible Debentures) and Scrip Codes
“731549”, “731581”, “731984” and “731985”
(Commercial Papers)
Subject: Press Release and Earnings Presentation for the quarter ended June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 23(5) and other applicable provisions, if any, of Securities and Exchange Board
of India (Real Estate Investment Trusts) Regulations, 2014, as amended, read with circulars and
guidelines issued thereunder from time to time (“REIT Regulations”) and Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR
Regulations”) and other applicable laws as amended from time to time, we are hereby enclosing the
following:
1. Press release in respect of the financial results and operating performance of Mindspace Business
Parks REIT (“Mindspace REIT”) for the quarter ended June 30, 2026, as Annexure 1; and
2. Earnings presentation comprising the business and financial performance of Mindspace REIT for
the quarter ended June 30, 2026, as Annexure 2.
The above information shall also be made available on Mindspace REIT’s website at:
https://www.mindspacereit.com/investor-relations/stock-exchange-filings
This intimation is to be read together with our intimation titled “Outcome of the meeting of the Board of
Directors of K Raheja Corp Investment Managers Private Limited (acting as the Manager to Mindspace
REIT (“Manager/Company”) held on August 05, 2026” filed on August 05, 2026.
Please take the same on your record.
Thanking you.
Yours faithfully,
For and on behalf of K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Mridul Gupta
Company Secretary & Compliance Officer
Encl :aa
K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Corporate Identification Number (CIN): U68200MH2023PTC406104
Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
+91 - 22 - 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com
Annexure 1
Mindspace Business Parks REIT Announces Results for Q1 FY27
Posts Robust NOI Growth of 27.8% YoY and DPU Growth of 15.2% YoY
Committed Occupancy Hits 95.8%1
Launches 2 new Office Buildings and 2 new Hotels totalling c.1.7 msf
Portfolio Size now at c.46.2 msf
Mumbai, August 05, 2026: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’),
owner of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter
ended June 30, 2026.
Particulars Unit Q1 FY27 Q1 FY26 Growth
(Y-o-Y)
Revenue from Operations INR Mn 9,509 7,523 26.4%
Net Operating Income (NOI) INR Mn 7,880 6,164 27.8%
Distribution Per Unit (DPU) INR 6.67 5.79 15.2%
"We delivered year on year NOI growth of 27.8% and a distribution of INR 6.67 per unit, up 15.2% over the prior year.
These results reflect the strength of our portfolio, the quality of our assets, and disciplined execution. With most of our
under-construction office assets due for delivery over the next twelve months already pre-committed, demand for our
campuses remains strong. Building on this momentum, we have launched two new office projects and two new hotels to
further enhance our integrated campus ecosystems and elevate the occupier experience" said Ramesh Nair, MD and
CEO, Mindspace REIT
Operating and Growth Highlights
• Recorded gross leasing of c. 0.9 million sq. ft.in Q1 FY27
• In-place rents for the portfolio stood at c. INR 81.0 per sq. ft. per month
o Mark-to-Market (MTM) potential stands at c. 19.6%
• Actively working on under construction pipeline of 6.6 million sq. ft.
• Strategic expansion with 2 new office buildings and 2 new hotels spread across c. 1.7 million sq. ft.2 in Pune,
Mumbai and Hyderabad
o Portfolio size expands to 46.2 million sq. ft.
Portfolio Diversification
• Announces 2 Hotels in Pune and Hyderabad, pre-let to Chalet Hotels Ltd. 3
o This marks 5 hotels across Mindspace REIT’s campuses
• The Data Centre portfolio stands at 1.7msf
• The Pearl Club, flagship lifestyle club, commences trial operations
Financial Highlights
• Clocked healthy Net Operating Income (NOI) growth of:
o c. 27.8% YoY growth in Q1 FY27 to c. INR 7,880 Mn
1 Excluding Pocharam (asset held for sale) & new acquisitions (Commerzone Pallikaranai and One RadialTM) completed in Q1 FY27;
Committed Occupancy including Commerzone Pallikaranai and One RadialTM is 92.1% (excluding Pocharam)
2 Subject to finalization of design and necessary approvals
3 Pre-leased post June 30th, 2026
• Gross Asset Value of the portfolio rises to c. INR 519 Bn1, with addition of the new assets acquired
• Loan-to-Value (LTV) stands at c. 29.7%
• Cost of debt has been flat on sequential basis at 7.42% per annum per month
Acquisitions Update:
• Completed acquisition of 100% stake in Commerzone Pallikaranai and 51% stake in International Tech
Park Chennai – Radial Road – now re-branded as One RadialTM
o Both assets are seeing strong leasing momentum
o Post the acquisitions, portfolio Committed Occupancy stands at 92.1%, offering significant lease-up
opportunity in acquired assets
Distribution
• Declared distribution of c. INR 4,415 million for Q1 FY27
• Distribution per unit for Q1 FY27 stood at INR 6.67 per unit, highest ever, delivering YoY growth of c. 15.2%
• Record date for the distribution is Aug 08, 2026
• Payment of the distribution shall be processed on or before Aug 14, 2026
• Cumulative distribution of c. INR 72.0 billion or c. INR 119 per unit since listing
Investor Communication and Quarterly Investor Call Details
Mindspace REIT has disclosed the following information pertaining to the financial results and business performance
(i) The Unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026 and (ii) earnings
presentation covering Q1 FY27 results. All these documents are available on Mindspace REIT’s website at
https://www.mindspacereit.com/investor-relations/financial-updates/#ir.
Mindspace REIT is also hosting an earnings conference call on August 06, 2026 at 16:00 hours (Indian Standard
Time) to discuss the Q1 FY27 results. The dial in details is available on our website at
https://www.mindspacereit.com/investor-relations/calendar#ir and have also been filed with the stock exchanges.
A replay of the call and the transcript will be available on Mindspace REIT’s website at
https://www.mindspacereit.com/investor-relations/calendar#ir.
Disclaimer
This press release (“Press Release”) (a) is for information purpose only without regards to specific objectives,
financial situations or needs of any particular person, (b) comprises information given in summary form and neither
purports to be complete nor guarantees that such information is true and accurate, (c) should not be considered as a
recommendation to any person to purchase / subscribe to any units, debentures, bonds or any other securities /
instruments issued or proposed to be issued by Mindspace REIT (d) does not constitute or form part of any offer for
sale or subscription of or solicitation or invitation of any offer to buy or subscribe for, or advertisement with respect
to, the purchase or sale of any units, debentures, bonds or any other securities / instruments of Mindspace REIT in
any jurisdiction.
This Press Release may include statements that are / may deemed to be ‘forward-looking statements’ which involve
risks and uncertainties because they relate to event
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