Mindspace REIT’s net operating income stood at Rs 357.9 crore for the quarter ended March and Rs 1,374.1 crore in the last fiscal year.​​

NEW DELHI: The governing Board of K Raheja Corp Investment Managers LLP, manager to Mindspace REIT approved a distribution of Rs 285.2 crore for Q4 FY21, the company said in a BSE filing.

The distribution comprises Rs 263.3 crore/ Rs 4.44 per unit in form of dividends and Rs 21.9 crore/Rs 0.37 per unit in form of interest.

Mindspace REIT‘s net operating income stood at Rs 357.9 crore for the quarter ended March and Rs 1,374.1 crore in the last fiscal year.

Vinod Rohira, CEO, Mindspace Business Parks REIT said, “Our operating performance remained stable with collections continuing to be over 99% through the pandemic. We achieved a healthy gross leasing of 1.5 million sq. ft. during this quarter and diversified our tenant mix by signing up with a data centre tenant at our Mindspace Airoli (West) park.”

It declared Net Asset Value of Rs 345.19 per Unit for Mindspace REIT as on March 31, 2021.

During the quarter, it raised Rs 375 crore via MLDs at 6.65% per annum and Rs 75 crore via NCDs at 6.69% per annum payable quarterly. Its average cost of debt stood at 7.1% at March 31, 2021.

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