Mindspace Business Parks REIT · NSE:MINDSPACE.RR
Mindspace Business Parks REIT — Shareholder Meeting (June 2021)
8 slides from Mindspace Business Parks REIT's shareholder meeting presentation, Jun 29, 2021
Slide 1: 1st Annual Meeting
1st Annual Meeting mindspacereit.com 29th June 2021 1
Slide 2: Successful listing: Received Overwhelming Response across Investor Categories
Successful listing : Received Overwhelming Response across Investor Categories Issue Details: Subscription: Primary Issue Total Subscription INR 10 Bn (excl. Strategic and Anchor) 13.0x Issue Size INR 45 Bn QIB (excl. Strategic and Non-Institutional Tranche Anchor) 10.7x 15.8x Secondary Issue INR 35
Slide 3: Portfolio Overview
Portfolio Overview Mindspace REIT is one of the largest Grade-A office portfolios in India 30.2 msf 23.9 msf Total Leasable Area(1) Completed Area INR 55.9 psf INR 246 Bn In-place Rent Market Value(2) Pune (16.6%) Mumbai Region (42.3%) Hyderabad (38.5%) Chennai (2.7%) 92.3% 14.0% Market Value(2) of
Slide 4: Mindspace REIT – Year at a Glance (FY21)
Mindspace REIT – Year at a Glance (FY21) 1 Operating Highlights 3 Other Highlights 3.5 msf 2.2 msf 1.3 msf IPO Gross Leasing(1) Re-leased(2) New area Leased Successful Listing – First Real Estate entity Subscribed 13x times to join the initiative 19.1 % INR 69 psf 8.0 % Average rent for Re-leasing S
Slide 5: Leasing Overview – FY21
Leasing Overview – FY21 3.54 msf leases signed across 44 tenants 3.54 msf INR 69 psf/month 19.1% FY21 Gross Leasing Average Rent for Area Leased Average Re-leasing Spread(1) FY21 - Split Basis Type of Tenants Area Re-leased / Leased to existing extended (2) 2.14 msf tenants 53.5% New area leased (In
Slide 6: Sustainable Financial Performance coupled with Low Leverage
Sustainable Financial Performance coupled with Low Leverage Achieved financial performance in line with Projections Revenue from Key Points NOI Operations (1) (INR Mn) (INR Mn) ▪ NOI growth for FY21 over FY20: 12.1% ▪ NOI for FY21 driven by top-line FY21 16,293 13,741 expansion and cost optimization
Slide 7: Mindspace REIT - Distribution for H2 FY21
Mindspace REIT - Distribution for H2 FY21 Distribution of INR 5,687 Mn, INR 9.59 per unit resulting in Distribution Yield(1) of 7.0% Breakup of Distribution (1) Distribution Yield 7.0% Interest ₹0.90 9.4% Period Oct 20 to Mar 21 Distribution Amount INR 5,687 Mn Distribution per unit INR 9.59 593,018
Slide 8: Thank You
Thank You Investor Relations Enquiries: Kedar Kulkarni (Finance & Investor Relations) Email id: [email protected] mindspacereit.com 8
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