u/Upbeat_Shoulder_237

All four of my REIT/InvIT investments have announced their results and distributions. I've already received the payouts from the REITs, and I'm now waiting for the distributions from the two InvITs. Here's how things currently stand.

https://preview.redd.it/etfnctbmk4jh1.png?width=1117&format=png&auto=webp&s=3c9a32ac6197e3a922e5ac0e3fe694be4a0a15c9

https://preview.redd.it/jmviox5ok4jh1.png?width=1635&format=png&auto=webp&s=1c6508b1be899920342bd482ee6afbf69e1aac84

Q1 FY27 Financial Performance (June 30, 2026)

Consolidated Results

• Total Income: ₹3.02 billion (+48% YoY)
• EBITDA: ₹2.31 billion (+38% YoY)
• Profit Before Tax: ₹1.39 billion (+11% YoY)
• Net Profit: ₹1.29 billion (+7% YoY)

Standalone Results

• Total Income: ₹2.52 billion
• EBITDA: ₹2.04 billion
• Net Profit: ₹1.28 billion

Distribution to Unitholders

• Q1 FY27 Distribution Per Unit (DPU): ₹3.55/unit
  • Interest: ₹2.38/unit
  • Return of Capital: ₹1.17/unit
• Cumulative distributions since listing: ₹31.25/unit.

Portfolio Expansion During Q1 FY27

Completed acquisition of three HAM assets:

Asset	State	Enterprise Value
KNR Palani Infra (KPIPL)	Tamil Nadu	₹4.22 billion
KNR Ramagiri Infra (KRIPL)	Andhra Pradesh	₹5.20 billion
ULCCS Kasaragod Expressway (UKEPL)	Kerala	₹9.70 billion

These projects added long-duration annuity cash flows with residual concession periods ranging from 11.2 to 14.2 years

Growth Pipeline

Proposed acquisitions include:

• KNR Guruvayur Infra Pvt. Ltd.
• KNR Ramanattukara Infra Pvt. Ltd.

The Trust also retains ROFO (Right of First Offer) rights over additional road assets from sponsor group G R Infra projects Limited.

 

 

Operating and Growth Highlights

• Recorded gross leasing of c. **0.9 million sq. ft.**in Q1 FY27
• In-place rents for the portfolio stood at c. INR 81.0 per sq. ft. per month Mark-to-Market (MTM) potential stands at c. 19.6%
• Actively working on under construction pipeline of 6.6 million sq. ft.
• Strategic expansion with 2 new office buildings and 2 new hotels spread across c. 1.7 million sq. ft.2 in Pune, Mumbai and Hyderabad Portfolio size expands to 46.2 million sq. ft.

 

Portfolio Diversification

• Announces 2 Hotels in Pune and Hyderabad, pre-let to Chalet Hotels Ltd.
  • This marks 5 hotels across Mindspace REIT’s campuses
• The Data Centre portfolio stands at 1.7msf
• The Pearl Club, flagship lifestyle club, commences trial operations

Financial Highlights

• Clocked healthy Net Operating Income (NOI) growth of: c. 27.8% YoY growth in Q1 FY27 to c. INR 7,880 Mn
• Gross Asset Value of the portfolio rises to c. INR 519 Bn1, with addition of the new assets acquired
• Loan-to-Value (LTV) stands at c. 29.7%
• Cost of debt has been flat on sequential basis at 7.42% per annum per month

 

Acquisitions Update:

• Completed acquisition of 100% stake in Commerzone Pallikaranai and 51% stake in International Tech Park Chennai – Radial Road – now re-branded as One RadialTM
  • Both assets are seeing strong leasing momentum
  • Post the acquisitions, portfolio Committed Occupancy stands at 92.1%, offering significant lease-up opportunity in acquired assets

Distribution:

• Declared distribution of c. INR 4,415 million for Q1 FY27
• Distribution per unit for Q1 FY27 stood at INR 6.67 per unit, highest ever, delivering YoY growth of c. 15.2%
• Record date for the distribution is Aug 08, 2026
• Payment of the distribution shall be processed on or before Aug 14, 2026
• Cumulative distribution of c. INR 72.0 billion or c. INR 119 per unit since listing

Lot of good analysis being done by u/Electronic_Usual7945. Thank you. You are doing a fantastic job. Your work is truly helping to demystify the complexities of stock investing, making it easier for investors to understand and navigate.

In 2024 end, I was specifically looking for a REIT with exposure to the data center segment, and that’s when I came across Mindspace REIT. Based on my analysis, Mindspace was the only REIT actively developing data centers. This might have changed recently. They have already completed two data center projects, with three more currently under construction. This is still very small part of Mindspace REIT (< 4%) asset portfolio though.

The other big player in data center is Anant Raj.

They are spinning out its cloud and data center business. This announcement came just 2 days back.

Under the proposed arrangement, Anant Raj will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud Pvt. Ltd, a dedicated digital infrastructure and cloud services company that will be listed independently.

Upon the Scheme becoming effective, eligible shareholders of Anant Raj Ltd. will receive one fully paid-up equity share of face value of ₹2 each in Ashok Cloud Private Ltd for every one fully paid-up equity share of face value of ₹2 each held in Anant Raj Ltd

This presents another attractive avenue for dividend investors to consider.

This is not a stock recommendation. Please DYOA before investing. I've not invested in Anant Raj.

I have 2000 units of Mindspace REIT bought at an average price of Rs.428

Hi,

I exited FY26 (March 31, 2026) with around 4.1L dividends.

Since then I made few changes to my portfolio. I exited Coal India and invested that into Indigrid/Indus

Vedanta I'm in wait and watch mode. It gave gave me 150% profit. As of now I'm still sitting with 100% profit inspite of recent corrections. I exited 3 stocks after demerger and retaining only Vedanta and Vedanta Aluminium. I will wait for 2 quarter results and then take a call how to play this.

Here is my top 5 dividend contributor. Mindspace is showing less because I invested in Q2FY26 and it is only 3 quarter dividends

https://preview.redd.it/ehzybyiefcfh1.png?width=536&format=png&auto=webp&s=17a834816b6ef3f4a3ae83774fed786235d0d18b