Mindspace Business Parks REIT clocks net operating income of Rs 360 cr for Q1FY22
Noida: Mindspace Business Parks REIT clocked a net operating income of Rs 360 crore for the first quarter of the current fiscal. The company will distribute Rs 273 crore to the unit holders for the first quarter of the current fiscal.
The annualised distribution yield of the company stood at 6.7 percent on issue price of the REIT of Rs 275 per unit. The net operating income of the company stood at Rs 360 crore for the latest quarter, the company said in a statement..
The record date for the distribution is August 19, 2021, payment of the distribution shall be processed on or before August 28, 2021, the statement said.
The REIT has been sponsored by K Raheja Corp Group and owns office assets like Pune, Mumbai, Hyderabad, and Chennai.