Mindspace Business Parks REIT (NSE:MINDSPACE)
₹ 419.42 +5.71 (+1.36%) Market Cap: 255.94 Bil Enterprise Value: 358.58 Bil PE Ratio: 72.41 PB Ratio: 1.84 GF Score: 76/100
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Q4 2025 Mindspace Business Parks REIT Earnings Call Transcript

Apr 30, 2025 / 12:30 PM GMT
Release Date Price: ₹384.75 (+0.29%)

Key Points

Positve
  • Mindspace Business Parks REIT (BOM:543217) recorded a gross leasing of 7.6 million square feet, marking the highest in the financial year.
  • The committed occupancy increased to 93%, reflecting strong leasing momentum.
  • Net operating income rose by 9% year on year, demonstrating robust financial performance.
  • Distribution for the financial year grew by 15.5%, indicating strong asset and tenant relationship management.
  • The company successfully concluded 2.1 million square feet of acquisitions in Q4, strengthening its market position.
Negative
  • The cost of debt increased by 8 basis points to 8.15%, primarily due to the higher cost of debt from recent acquisitions.
  • There are concerns about geopolitical challenges impacting leasing demand, although no immediate effects have been observed.
  • The company faces challenges in maintaining high occupancy rates, with a target to reach 95% by the end of the financial year.
  • The loan-to-value ratio stands at 25.3%, which, while healthy, indicates limited headroom for future acquisitions without raising capital.
  • The company is experiencing a rise in interest rates, which could impact future financial performance if not managed effectively.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MINS.NS - Mindspace Business Parks REIT
Q4 2025 Mindspace Business Parks REIT Earnings Call
Apr 30, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q4 and F 525 earnings conference call of MindSpace Business Parks rates.

As a reminder, all participant line will be in listen-only more, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchdown phone. Please note that this conference is being recorded.

I now hand the conference over to Mr. Nathan Garwali.

Thank you and over to you, sir.

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Unidentified_2 [2]
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