MINDSPACE.BOBSE
Mindspace Business Parks REIT
₹463.50
ListedAug 7, 2020
SectorReal Estate
IndustryREIT — Office
CountryIndia
Employees-
State-| CityMumbai| AddressRaheja Tower, Level 8| Phone91 22 2656 4000
Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. The REIT owns quality office assets located in four key office markets of India, namely the Mumbai Region, Pune, Hyderabad, and Chennai, and has one of the largest Grade-A office portfolios globally. The portfolio has a total leasable area of 39.0 msf, comprising 31.9 msf of completed area, 3.6 msf of area under construction, and 3.5 msf of future development. The portfolio consists of 5 integrated business parks and 9 quality independent office assets with superior infrastructure and amenities. It has a diversified and high-quality tenant base, with over 270 tenants. Most of the buildings in the portfolio are either Gold or Platinum Green Building Certified (IGBC/LEED). The assets provide a community-based ecosystem and have been developed to meet the evolving standards of tenants and the demands of new age businesses, making Mindspace REIT among the preferred options for both multinational and domestic corporations. Reinforcing its strong sustainability credentials, Mindspace REIT secured the No. 1 global rank in Environmental Performance in the 2025 S&P Global Corporate Sustainability Assessment and was the only Indian REIT to be featured in the Top 10% of the S&P Global Sustainability Yearbook 2026. In GRESB 2025, Mindspace REIT earned a 5-Star rating for the third consecutive year. Further, Mindspace REIT was ranked 2nd in Asia in Standing Investments and Development by GRESB. Mindspace Business Parks REIT was incorporated in 2019 in Maharashtra, India.

Key Indicators

Key financial and dividend metrics for this stock.

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P/E Ratio
43.9
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Div. Rate
₹24.09
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Div. Yield
5.20%
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Payout Ratio
226.45%
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Max Consec. Div. Years
5 years
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Longest Consec. Div.
5 years
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Div. Coverage
100%
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Div. Stability Rate
0.10
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Div. Growth Rate
75.00%
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Score
92

Dividend History

Historical dividend payments by ex-dividend date.

May 5, 2026
₹ 6.6400
Jan 30, 2026
₹ 5.8300
Nov 7, 2025
₹ 5.8300
Aug 7, 2025
₹ 5.7900
May 6, 2025
₹ 6.4400
Jan 29, 2025
₹ 5.3200
Oct 30, 2024
₹ 5.1500
Aug 2, 2024
₹ 5.0400
May 9, 2024
₹ 4.7700
Feb 6, 2024
₹ 4.8000
Nov 6, 2023
₹ 4.7900
Jul 31, 2023
₹ 4.8000
May 10, 2023
₹ 4.8100
Feb 6, 2023
₹ 4.8000
Nov 18, 2022
₹ 4.7500
Aug 11, 2022
₹ 4.7400
May 17, 2022
₹ 4.6100
Feb 15, 2022
₹ 4.6400
Nov 17, 2021
₹ 4.6000
Aug 17, 2021
₹ 4.6000
May 20, 2021
₹ 4.8100
Feb 17, 2021
₹ 4.7800

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