NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has posted a net operating income (NOI) increase of 29.2% for the financial year 2025-26.
The executive committee of K Raheja Corp Investment Managers, which manages Mindspace REIT, has approved fundraising through the issuance of non-convertible debt securities and/or commercial papers. The total amount will not exceed ₹15,700 crore (net of repayments), including any outstanding debts, and will be issued in one or more tranches. It is further stipulated that the aggregate consolidated borrowings and deferred payments of Mindspace REIT and its HoldCo/Asset SPVs, after accounting for cash and cash equivalents, must not surpass 33% of the total asset value of Mindspace REIT and its HoldCo/Asset SPVs.
The board announced a net asset value (NAV) of ₹527.01 per unit for Mindspace REIT.
Additionally, they approved a distribution of ₹6.64 per unit, totaling ₹430.5 crore, for the quarter ended March 31, 2026. This includes a dividend of ₹3.35 per unit (₹217.1 crore), repayment of HoldCo/SPV debt of ₹3.26 per unit (₹211.36 crore), interest on HoldCo/SPV debt of ₹0.01 per unit (₹6.48 million), and other income of ₹0.02 per unit (₹1.29 crore).
