The corporate’s web working revenue (NOI) rose 8.9 per cent in 2024-25 to Rs 2,061.6 crore from Rs 1,895.9 crore within the previous 12 months. The distribution to unitholders stood at Rs 1,312 crore for 2024-25, a progress of 15.5 per cent on an annual foundation.
“FY25 has been a record-breaking 12 months for us, our greatest ever since itemizing,” Nair stated.
“We achieved our highest-ever annual gross leasing of seven.6 million sq. ft and delivered a robust quarterly distribution of Rs 392 crore, up 39 per cent year-on-year (YoY), the best progress since itemizing,” he stated.
Nair stated the dedicated occupancy rose to 93 per cent.
“With 3.6 million sq. ft already pre-leased, demand for top-quality workplace house stays sturdy throughout our portfolio. Our NAV has grown by 10 per cent, pushed by rising leases throughout our micro markets, accretion from acquisitions and completion of pre-committed buildings,” he stated. Nair remained optimistic in regards to the long-term outlook for its portfolio, underpinned by the standard of its belongings, trusted tenant relationships, and proactive leasing efforts. “Furthermore, our concentrate on strategic acquisitions and regular improvement progress positions us nicely for sustained long-term progress,” he added.
Mindspace Enterprise Parks REIT, sponsored by Ok Raheja Corp group, owns workplace portfolios in Mumbai, Pune, Hyderabad, and Chennai.
The portfolio has a complete leasable space of 37.1 million sq. ft, comprising 30 million sq. ft of accomplished space, 3.7 million sq. ft of space underneath development and three.4 million sq. ft of future improvement.
