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Mindspace REIT net operating income rises 16.8 % YoY on strong leasing

The company also raised Rs 100 crore through the issuance of commercial papers

Mindspace REIT net operating income rises 16.8 % YoY on strong leasing
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BS Web Team New Delhi
Mindspace REIT's net operating income (NOI) for Q3FY23 rose 16.8 per cent to Rs 455 crore year-on-year (YoY), the company said in a BSE filing. Sequentially, NOI was up 4.6 per cent.

The company also raised Rs 100 crore through the issuance of commercial papers.

The company recorded a gross leasing of c.1.3 msf in Q3FY23, taking cumulative leasing in 9MFY23 to c.3.5 msf. Mindsapce REIT also had an average rent of Rs 67 psf/month, across 17 tenants in Q3FY23.

Speaking on the results, Vinod Rohira, Chief Executive Officer, Mindspace Business Parks REIT
said, “We are delighted to report yet another

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First Published: Jan 30 2023 | 7:49 PM IST

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