Mindspace Business Parks REIT Announces Rs 6.64 per Unit Distribution
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Mindspace Business Parks REIT posted strong Q1 2026 results and announced a Rs 6.64 per unit distribution.
- Distribution: Rs 6.64 per unit (total Rs 4.31 bn) – includes Rs 3.26 per unit debt‑repayment from SPVs, Rs 3.35 per unit dividend, and modest interest/other income.
- Earnings: Profit for the quarter rose to Rs 2,010.47 mn, delivering EPS of Rs 3.12 (annualized Rs 11.73).
- NAV & cash: Fair‑value NAV per unit jumped to Rs 518.49 (up from Rs 423.81 YoY) and cash & cash equivalents grew to Rs 1,224.89 mn by FY 2026 end.
- Leverage: Total debt reached Rs 87,535.29 mn, about 33% of assets, with non‑current borrowings climbing to Rs 63,520.84 mn YoY.
Overall, the REIT combines rising earnings and NAV with a high‑yield distribution, while elevated leverage and finance costs remain the main risk factors.
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