NSE: MINDSPACE | BSE: 543217

Turnaround Potential

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474.95 -5.35 (-1.11%)

New 52W High in past week

171.6K NSE+BSE Volume

NSE 12 Dec, 2025 3:31 PM (IST)

28,933.2

Market Cap

Below industry Median

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

22 Aug 2025

474.95

-1.11%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Target

Geojit BNP Paribas

Mindspace REIT has gained 29.82% in the last 1 Year

Mindspace Business Parks REIT

06 Mar 2025

474.95

-1.11%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace REIT has gained 29.82% in the last 1 Year

Mindspace Business Parks REIT

08 Oct 2024

474.95

-1.11%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace REIT has gained 29.82% in the last 1 Year

Mindspace Business Parks REIT

01 Nov 2023

474.95

-1.11%

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 Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

27 Jul 2023

474.95

-1.11%

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 Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

06 May 2023

474.95

-1.11%

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

474.95

-1.11%

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 Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

16 Nov 2022

474.95

-1.11%

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

474.95

-1.11%

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 P.. has an average target of 444.00 from 1 broker.

Mindspace Business Parks REIT

06 Jun 2022

474.95

-1.11%

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 REIT has gained 29.82% in the last 1 Year

VOTE: Is Mindspace Business Parks REIT worth buying?

132 Votes:

Buy 65.15%

Sell 15.15%

Hold 19.7%

RESEARCH REPORTS

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Accumulate SEE REPORTS >

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