Mindspace REIT Q1FY25 results: Net operating income up 9 % to Rs 496 cr ...Middle East

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Mindspace REIT Q1FY25 results: Net operating income up 9 % to Rs 496 cr
Mindspace Business Parks REIT on Tuesday reported a 9 per cent increase in net operating income to Rs 496 crore in the first quarter of this financial year and declared distribution of nearly Rs 300 crore to unitholders for the latest April-June period. According to a regulatory filing, the company's revenue from operations rose 11 per cent to Rs 620 crore during April-June 2024, from Rs 560 crore in the year-ago period. Net Operating Income (NOI) increased 9 per cent to Rs 496 crore, from Rs 455 crore a year-ago, while distribution grew 5 per cent in the reported quarter to Rs 299 crore, from Rs 285 crore in the year-ago period. "We have had yet another great quarter, renting out over 1 mil

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