ReInCheck
REITListedMINDSPACEOffice Real EstateYield + Moderate Growth

Mindspace

4.89%
1Y Yield
₹493
Last Price · as of 16 Jul 2026
₹9,358 Cr
Market Cap
₹22,381 Cr
Enterprise Value
18 Feb 2021
Inception
22
Distributions

Returns

XIRR & Price: annualised · Yield: cumulative
Metric1Y2Y3Y5YSince Inception
XIRR
+23.82%+27.51%+24.23%+17.88%+14.69%
Yield
+4.89%+9.34%+13.22%+20.84%+22.79%
↳ Interest+0.04%+0.24%+0.62%+1.20%+1.39%
↳ Dividend+2.57%+5.03%+8.52%+15.55%+17.31%
↳ Amortisation+2.26%+4.04%+4.04%+4.04%+4.04%
↳ Other+0.01%+0.03%+0.13%+0.22%+0.22%
Price Δ
+17.40%+20.44%+17.40%+11.54%+8.49%

XIRR & Price Δ (2Y+) are annualised; Yield rows are cumulative over the period ÷ latest price. Price Δ for 1Y is a simple % change; for 2Y+ it is CAGR.

Price & Payouts

493 62.34%over period
quarterly payouts

XIRR Calculator

Financials

FY26
Revenue₹3.2K Cr
NOI₹2.7K Cr
EBITDA₹2.6K Cr
NDCF₹1.5K Cr
NAV / Unit₹527.01
MTM vs NAV-6.45%
Gross Debt₹13.0K Cr
Cost of Debt7.4%
Credit Rating
CRISILAAA
LTV24.3%
Occupancy95.7%
WALE7.1 yrs
Leasable Area32 msf

Mindspace REIT Q4 FY26 Investor Presentation (29-Apr-2026)

Unit Holding Pattern

Q4 FY26
Sponsor(K. Raheja Corp)
66.6%
FPI / FII
13.2%
DII
5.8%
Public
14.4%

Mindspace REIT Q4 FY26 Investor Presentation (29-Apr-2026)

Lease Expiry

WALE 7.1 yrs

% GLA expiring

Mindspace REIT Q4 FY26 Investor Presentation (29-Apr-2026)

Top 10 Tenants

% of contracted rent
1Accenture
6.6%
2HDFC
6.5%
3Hitachi
2.9%
4Cognizant
2.7%
5Tablespace
2.6%
6Qualcomm
2.5%
7Wipro
2.4%
8JP Morgan
2.3%
9L&T
2.2%
10BP
2.1%

Mindspace REIT Q4 FY26 Investor Presentation (29-Apr-2026)