)

Mindspace Business Parks REIT (MINDSPACE) investor relations material
Mindspace Business Parks REIT Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved strong gross leasing of 1.7 million sq ft in Q1 FY26, with committed occupancy at 93.7%, the highest since listing.
NOI grew 24.2% year-over-year to INR 6.2 billion, and distribution per unit (DPU) increased 14.9% to INR 5.79.
Completed first third-party acquisition (QCity, Hyderabad) for INR 5.12 billion at a 9.9% cap rate, expanding the portfolio to 38.1 million sq ft.
Net profit attributable to unitholders reached Rs. 1,567.10 million, a 22.2% increase year-over-year.
Cost of debt reduced to 7.84% due to proactive refinancing and lower interest rates.
Financial highlights
Revenue from operations rose 21.4% year-over-year to INR 7.5 billion in Q1 FY26.
EBITDA for Q1 FY26 stood at Rs. 5,646.76 million, up 21.3% year-over-year.
Distributions for the quarter totaled INR 3.5 billion, up 18% year-over-year.
Earnings per unit (after regulatory deferral) was Rs. 2.57, compared to Rs. 2.16 in Q1 FY25.
Net distributable cash flow at trust level was Rs. 3,585.00 million for Q1 FY26.
Outlook and guidance
Targeting committed occupancy of 95% by year-end, with ongoing focus on leasing and portfolio expansion.
Expecting continued healthy DPU growth, supported by NOI growth and lower interest rates.
High re-leasing visibility for FY26, with 78% of expiries expected to be retained or re-leased.
Ongoing and future development projects with a balance construction capex of INR 42,420 mn.
Board declared a distribution of Rs. 5.79 per unit for Q1 FY26, with at least 90% of NDCF to be distributed quarterly.
Next Mindspace Business Parks REIT earnings date

Next Mindspace Business Parks REIT earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage