Key Metrics
Total Leasable Area
33.2 msf
Total Tenants
220+
Committed Occupancy
90.6%*
Gross Contracted Rents from foreign MNCs
69.2%
Information above is as on 31st March 2024
* Committed occupancy excluding Pocharam, Board approval received for potential divestment of Mindspace Pocharam
Portfolio
Completed area
26.3 msf
Number of Office Parks
10
Number of Buildings
55
Under Construction & Future Development
6.9 msf
Information above is as on 31st March 2024
Leasing Metrics
Mark-to-Market upside in Rentals
9.2%
Weighted Average lease expiry
6.8 years
Information above is as on 31st March 2024
Financial Metrics
Revenue from Operations (Q4FY24)
5,948 mn
Net Operating Income (Q4FY24)
4,768 mn
Distribution
(Q4FY24)
INR 4.77 p.u.
Net Debt to Market
Value
21.1%1
Information above is as on 31st March 2024
1For the purpose of Net Debt and LTV calculation, Cash and Cash Equivalents,
Fixed Deposits (with tenure > 3 months) which can be liquidated when required,
accounting & minority adj. are reduced from Gross Debt; and Market value is as on 30th September, 23
Performance Snapshot
Gross Leasing (Q4FY24)
2.0 msf
Area Re-leased (Q4FY24)
1.1 msf
Re-leasing spread
16.7%
Average rent for Gross Leasing
INR 65 psf
Information above is as on 31st March 2024
