Business Standard

Mindspace Business Parks REIT third quarter net profit at Rs 140 crore

The firm declared a distribution of Rs 283.5 crore to unitholders

real estate, realty, construction, sales, people, flats, buildings, concrete, vendors, developers, builders

Representational image

Press Trust of India New Delhi
Mindspace Business Parks REIT on Wednesday reported a consolidated net profit of Rs 140 crore for the quarter ended December and declared a distribution of Rs 283.5 crore to unitholders.
The company, which got listed on the stock exchanges in August last year after raising Rs 4,500 crore through a public issue, had posted a net profit of Rs 68.4 crore in the previous quarter.
Total income rose to Rs 431.6 crore in the October-December period of this fiscal year from Rs 278 crore in the second quarter of 2020-21 financial year, according to a regulatory filing.
Mindspce declared a distribution of Rs 283.5 crore, which is Rs 4.78 per unit, to its unitholders. This is the first distribution post listing.
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, owns office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad and Chennai.
It has a total leasable area of 29.5 million square feet. The portfolio consists of five integrated business parks and five quality independent office assets. It has a diversified and high-quality tenant base, with 165+ tenants as of December 31, 2020.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 10 2021 | 8:39 PM IST

Explore News