You are here: Home » Companies » Results
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

REIT | Q3 results | Real Estate

Press Trust of India  |  New Delhi 

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

Mindspace Business Parks 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.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 10 2021. 20:39 IST