NSE: MINDSPACE | BSE: 543217

Turnaround Potential

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403.00 7.18 (1.81%)

Near 52W High of ₹406.85

181.9K NSE+BSE Volume

NSE 06 Jun, 2025 3:31 PM (IST)

23,898.6

Market Cap

Above industry Median

0.1

Beta 1Year

Very Low volatility

Mindspace Business Parks REIT share price target and research reports

Latest analyst research reports with target prices and PDF download for MINDSPACE, BSE:543217 Mindspace Business Parks REIT

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Mindspace Business Parks REIT

06 Mar 2025

403.00

1.81%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

08 Oct 2024, 12:00AM

403.00

1.81%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

01 Nov 2023

403.00

1.81%

Expiries and SEZ de-notification the key monitorable

Buy: Mindspace Business Parks REIT

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a steady performance in Q2FY24 with both revenue and NOI increasing 7% QoQ to INR6.0bn and INR4.9bn, respectively. Overall portfolio occupancy as of Sep’23 was at 83.8% (decline of 310bps QoQ) owing to fresh exits of 0.3msf and acquisition of Porur, Chennai asset of 0.24msf which has higher vacancy.

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

27 Jul 2023

403.00

1.81%

Expiries the key monitorable

Buy: Mindspace Business Parks REIT

Recommendation Target

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a steady performance in Q1FY24 with both revenue and NOI increasing 5% QoQ to INR5.6bn and INR4.6bn, respectively. Overall portfolio occupancy as of Jun’23 was at 86.9% (increase of 350bps QoQ) with committed occupancy at 88.8% (flat QoQ).

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

06 May 2023

403.00

1.81%

Steady quarter, expiries the key monitorable

Accumulate: Mindspace Business Parks REIT

Target

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a steady performance in Q4FY23 with both revenue and NOI declining 1% QoQ to Rs5.4bn and Rs4.4bn, respectively. Overall portfolio occupancy as of Mar’23 was at 83.4% (decline of 30bps QoQ) with committed occupancy at 89.0% (up 70bps QoQ).

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

31 Jan 2023

403.00

1.81%

Resilient show

Accumulate: Mindspace Business Parks REIT

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a resilient performance in Q3FY23 with office rental collections of over 99% and 5% QoQ increase in NOI to Rs4.6bn at a NOI margin of 83.6%. Overall portfolio occupancy as of Dec’22 was at 83.7% (up 90bps QoQ) with committed occupancy at 88.3% (up 140bps QoQ).

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

16 Nov 2022

403.00

1.81%

Steady leasing traction

Accumulate: Mindspace Business Parks REIT

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a resilient performance in Q2FY23 with office rental collections of over 99% and 4% QoQ increase in NOI to Rs4.2bn at a NOI margin of 83.9%.

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

15 Aug 2022

403.00

1.81%

Leasing traction improves

Hold: Mindspace Business Parks REIT

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a resilient performance in Q1FY23 with office rental collections of over 99% and 5% QoQ revenue increase at Rs 4.9bn with NOI of Rs4.0bn at a NOI margin of 81.6%.

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

06 Jun 2022

403.00

1.81%

On the cusp of a recovery

Accumulate: Mindspace Business Parks REIT

ICICI Securities Limited

We attended Mindspace Business Parks REIT’s (MREIT) analyst meet in Mumbai/Pune, where the company reiterated its strategy and business outlook for its office assets including: 1) overall portfolio physical occupancy which was 23% in Apr’22 has improved to 30-35% in May’22, and is expected to cross 60% by Sep’22 barring any fresh Covid related disruptions 2) the REIT manager expects portfolio occupancy levels to cross 90% by end of FY23 or H1FY24 on the back of renewed occupier interest for larger sized deals.

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

27 Jul 2020

403.00

1.81%

Mindspace Business Parks REIT

IPO Subscribe: Mindspace Business Parks REIT

Angel Broking

Mindspace Business Parks REIT owns a quality office portfolio located in four key office markets of India. Its portfolio has total leasable area of 29.5 msf and is one of the largest Grade-A office portfolios in India. Portfolio comprises 23.0 msf of completed Area, 2.8 msf of under construction area and 3.7 msf of future

Mindspace Business Parks REIT is trading above all available SMAs

VOTE: Is Mindspace Business Parks REIT worth buying?

111 Votes:

Buy 62.16%

Sell 17.12%

Hold 20.72%

RESEARCH REPORTS

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Accumulate SEE REPORTS >

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