Mindspace Business Parks REIT share price

Key numbers

Market cap

₹ 33,689 Cr

Current price

₹ 508.90

52-week high / low

₹ 526 / 441

Stock P/E

42.6

Book value

₹ 232.1

Dividend yield

5.24%

ROCE

7.7%

ROE

5.2%

Debt to equity

0.86

Sales growth (3 yrs)

12.9%

Profit growth (3 yrs)

32.0%

1-year return

16.3%

About Mindspace Business Parks REIT

Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns quality office assets located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai, and is one of the largest Grade-A office portfolios globally. The portfolio has a total leasable area of 46.2 msf comprising of 36.0 msf of completed area, 6.6 msf of area under construction and 3.5 msf of future development. The portfolio consists of 7 integrated business parks and 9 quality independent office assets with superior infrastructure and amenities. It has a diversified and high-quality tenant base, with over 312 tenants. Most of the buildings in the portfolio are either Gold or Platinum Green Building Certified (IGBC/LEED). The assets provide a community-based ecosystem and have been developed to meet the evolving standards of tenants, and the demands of (new age businesses, making it amongst the preferred options for both multinational and domestic corporations. Mindspace Business Parks REIT was incorporated in 2019 in Maharashtra, India.

Quarterly results

Consolidated figures in ₹ crores

Peers in REIT - Office

• Brookfield India Real Estate Trust