Mindspace Busine Q1 FY25 results (Apr–Jun 2024) and concall

Mindspace REIT delivered a strong Q1 FY25, characterized by robust leasing momentum and healthy rental growth, particularly in the Hyderabad and Navi Mumbai markets. The management is capitalizing on the growing demand from Global Capability Centers (GCCs) and data centers, while maintaining a disciplined balance sheet with low leverage. With a clear roadmap for occupancy reaching 95% over the next two years and a significant pipeline of under-construction projects, the REIT is well-positioned for organic NOI growth.