Mindspace REIT to distribute Rs 285 crore as dividend to unitholders


Mindspace Enterprise Parks on Friday declared a distribution of Rs 285.2 crore to its unitholders for the quarter ended March.

For the complete 2020-21 monetary 12 months, the corporate distributed Rs 568.7 crore to its unitholders.

In a regulatory submitting, Mindspace stated it declared a distribution of Rs 285.2 crore/ Rs 4.81 per unit for the quarter ended March 31, 2021. The distribution contains Rs 263.3 crore/ Rs 4.44 per unit in type of and Rs 21.9 crore/Rs 0.37 per unit in type of curiosity.

“Along with the distribution made within the earlier quarter, the distributions for the complete 12 months ended March 31, 2021, aggregating to Rs 568.7 crore/Rs 9.59 per unit,” it added.

Mindspace REIT’s web working earnings stood at Rs 357.9 crore for the quarter ended March and Rs 1,374.1 crore within the final fiscal 12 months.

Mindspace Enterprise Parks REIT, sponsored by Okay Raheja Corp group, acquired listed on the Indian bourses in August 2020.

The REIT, the nation’s second Actual Property Funding Belief (REIT) owns high quality workplace portfolios positioned in 4 key workplace markets- Mumbai Area, Pune, Hyderabad, and Chennai.

It has a complete leasable space of 30.2 million sq ft. The portfolio consists of 5 built-in enterprise parks and 5 high quality unbiased workplace belongings.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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