Total income rose to ₹431.6 crore in the October-December period of this fiscal year from ₹278 crore in the second quarter of 2020-21 financial year, according to a regulatory filing.
Mindspce declared a distribution of ₹283.5 crore, which is ₹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.