Mindspace REIT net operating income rises 16% in Q2 on strong leasing

Company's debt-to-market value stood at 16.8 per cent while the gross asset value of the portfolio increased by 3.3 per cent over March 2022 to Rs 27,300 crore

Mindspace REIT on Monday announced its Q2FY23 result. The company's net operating income (NOI) growth saw a rise of 16 per cent YoY to Rs 41.72 crore in Q2 FY23. The firm also recorded NOI of Rs 818.6 crore in H1 FY23. The NOI margin remained over 80 per cent. 
 

The company's debt-to-market value came at 16.8 per cent while the gross asset value of the portfolio increased by 3.3 per cent over March 2022 to Rs 27,300 crore. The net asset value increased from Rs 364.9 per unit on March 22 to Rs 370.3 per unit.

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