Mindspace REIT Q3 Profit Jumps 33% to Rs 180 Crore on Strong Income Growth

• Mindspace Business Parks REIT reported a 33% increase in consolidated net profit, reaching Rs 180.09 crore in the December quarter.
• Total income for the October-December period rose to Rs 832.76 crore, up from Rs 674.47 crore in the previous year.
• Net operating income (NOI) saw a 29% rise to Rs 671 crore compared to Rs 522 crore in the year-ago quarter.
• The company announced a distribution of Rs 378 crore for the December quarter, marking a 20% increase year-on-year.
• Mindspace REIT achieved gross leasing of 1.1 million sq ft and increased committed occupancy to 94.5%.

Why It Matters: Mindspace REIT posted robust Q3 growth with a 33% profit jump and strong operational performance.