Mindspace Business Parks REIT Q1 Review - Leasing Traction Improves: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Mindspace Business Parks real estate investment trust delivered a resilient performance in Q1 FY23 with office rental collections of over 99% and 5% QoQ revenue increase at Rs 4.9 billion with net operating income of Rs 4.0 billion at a NOI margin of 81.6%. While overall occupied portfolio occupancy remained flat QoQ at 82.1%, with 0.5 million square feet of fresh leasing during the quarter, committed occupancy stands at 85.6%. With leasing momentum improving and office physical occupancy rising, the REIT manager expects portfolio occupancy levels to cross 90% by end of FY23 or H1 FY24 on the back of renewed occupier interest for larger sized deals. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mindspace Business Parks REIT Q1 Review - Leasing Traction Improves: ICICI Securities

Mindspace Business Parks REIT Q1 Review - Leasing Traction Improves: ICICI Securities

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