Investor Association

Long-standing
Investor Relations

Uncompromising Performance, Unequivocal Communication

Investor Relations function at Mindspace Business Parks REIT aims to ensure effective, two-way communication between various stakeholders, develop a robust disclosure framework and contributing towards further development of REIT as a financial product in India.

Engagement with the Investment Community

Mediums

  • Conference call
  • Investor meetings
  • Site visits
  • Comprehensive financial reporting
  • Investor material
  • Swift query resolution

What do we aim at?

  • Increased investor confidence
  • Enhanced corporate governance
  • Improved liquidity
  • Wider reach to investor community
  • Transparent and robust communication
  • Achievement of fair value

Analyst covering Mindspace REIT - 13

  • Ambit Capital
  • Bank of America
  • CITI Research
  • Credit Suisse
  • ICICI Securities
  • IIFL Securities
  • Investec Capital
  • JM Financial
  • Jefferies
  • Kotak Securities
  • Morgan Stanley
  • Nirmal Bang
  • UBS Securities

24,683

Unitholders as on March 31, 2022

>200%

Expansion of unitholders

13

Conferences and roadshows attended

140+

Total investors interacted during the year

24.4%

Return during FY22

>21.4%

Annualized return since listing

36.5%

Cumulative return since listing

**Includes distribution payout for Q4 FY22

Unit Price and Trading Statistics

Particulars Key statistics
7 Aug 2020 - 31 Mar 2021 1 Apr 2021 - 31 Mar 2022
NSE BSE NSE BSE
Opening Price (Beginning of period) 302.0 302.0 294.9 294.7
Closing Price (End of period) 294.9 294.7 346.5 346.5
High 342.0 348.0 364.0 365.0
Low 292.1 292.5 275.0 275.2
Market Capitalization (end of period)        
` Mn 1,74,863 1,74,757 2,05,505 2,05,487
USD Mn 2,355 2,354 2,710 2,709
Average Daily Trading Volume        
` Mn 200.1 18.4 67.6 76.7
USD Mn 2.7 0.2 0.9 1.0
Distribution (p.u.)   9.6 p.u.(1)   18.4 p.u.(2)
Yield(%)(3)   7.0%   6.7%
Units        
Total outstanding       59,30,18,182
Public Free Float       37%

Source: NSE & BSE
USD - INR Exchange rate as on March 31, 2022 - 75.8

1. Distribution for H2 FY21
2. Distribution for FY22
3. Annualized distribution yield calculated on issue price of ` 275 p.u.

Continuous engagement with investors

Sr. No. Conferences
1. Participation in Kotak - Chasing Growth 2022 Conference
2. Participation in Axis CapitaI India Conference
3. Participation in IIFL's Enterprising India Conference
4. Participation in Jefferies India Housing Real Estate Summit
5. Meeting with Investors during Roadshow
6. Participation in Morgan Stanley's Twentieth Annual Asia Pacific Summit
7. Participation in BofA Securities 2021 Global Real Estate Conference
8. Participation in 28th Annual CITIC CLSA Flagship Investors’ Forum 2021
9. Participation in ICICI Securities Virtual ESG Conference
10. Meeting with Investors during Non-deal Roadshow
11. Meeting with Investors during Debt Roadshow
12. Participation in Morgan Stanley Virtual India Summit 2021
13. Participation in BofA - APAC Financial, Real Estate Equity and Credit Conference 2021

Unitholding Pattern as on March 31, 2022 (%)

Marquee Investors

  • Platinum Illumination Trust (ADIA)
  • Capital Group
  • GIC

Index Inclusion

  • "MSCI India Domestic Small Cap Index" and
  • Other MSCI and FTSE indices

Debt Market Performance

  • Tapped capital market to lock in borrowing costs via fixed cost debenture raise
  • Cumulatively raised INR 20 bn in the form of debentures at 6.5% since listing
  • 45.9% of the debt is in the form of debentures
  • Debenture holders include 7 mutual funds and insurers

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