Mindspace Business Parks Reit · NSE:MINDSPACE.RR
Mindspace Business Parks Reit — Investor Day (December 2025)
16 slides from Mindspace Business Parks Reit's investor day presentation, Dec 2, 2025
Slide 1: Our Growth Continues…
Our Growth Continues… Analyst Meet|2nd December’25
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation (“Presentation”) is made, or by reading the Presentation materials, you agree to be bound by the following limitations: This Presentation (a) is for information purposes only without regards to specific objectives, financial situations or n
Slide 3: Key Messages
Key Messages 1. Strong and stable performance 2. Benefitting from demand tailwinds 3. High quality portfolio 4. Growth in portfolio size & visible pipeline 5. Disciplined capital allocation 3 Loved Workspaces, Maximizing Value
Slide 4: One of India's largest Grade-A office space providers
We are one of India’s largest Grade-A office space providers INR 410Bn 38.2 msf 94.6% (1) Portfolio Size Total Leasable Area Committed Occupancy (Gross Asset Value) 93.8% incl. The Square 110 Financial District, acquired in Q2 FY26 16.3% (2) INR 59.5 Bn (3) Annualised Total Return Distribution since
Slide 5: GAV & NAV Growth
GAV & NAV Growth 410 484 * 326* 237 Listing * Sep'25 Listing Sep'25 Gross Asset Value Net Asset Value ₹ in Billion ₹ p.u Building Scale Through Strategic Development & Acquisitions 29.5 c. 5.2 msf (1) c. 34.7 c. 3.5 msf (2) c. 38.2 msf msf msf IPO 2020 Sep 2024 Sep 2025 *Valuation as on 31st March 2
Slide 6: Portfolio Occupancy & Vacancy
Portfolio Occupancy & Vacancy Mindspace Madhapur Mindspace Airoli East Mindspace Airoli West 98% 80.1% 93.8% 198 ksf 973 ksf 329 ksf Commerzone Kharadi Commerzone Yerwada Commerzone Commerzone Porur Porur Commerzone Raidurg 100% 94.6% 100% 100% 95 ksf The Square Nagar Road The Square, 110 FD The Squ
Slide 7: Mindspace REIT Performance | Last 1 Year
Mindspace REIT Performance | Last 1 Year 6,339 7,778 6,164 7,523 484 410 5,389 6,780 5,218 6,419 313 393 Q3 FY25 Q4 FY25 Q1 FY26 Q2FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1FY26 H1 FY25 H1 FY26 Revenue From Operations (Rs Mn) (1) Net Operating Income (Rs Mn) (1) Gross Asset Value Net Asset Valu
Slide 8: Focus On Execution
Focus On Execution The Pearl Club, Madhapur Mindspace Fusion, Airoli East Estimated Completion Q4 FY26 Operational Q3FY25 Current Q3FY25 Current B1, Madhapur B8, Madhapur Estimated Completion Q1 FY27 | Pre-leased to GCC Estimated Completion Q4 FY27 | 2X Enquiries Q3FY25 Current Q3FY25 Current Q3FY25
Slide 9: Focus On Execution
Focus On Execution R2, Commerzone Kharadi B8, Data Centre, Airoli West ~ 1.1 msf | Rent commenced from a Global GCC client ~ 0.3 msf | Rent commenced from Global DC Major Q3 FY25 Current Q3 FY25 Current 9 Loved Workspaces, Maximizing Value
Slide 10: Inorganic Growth
Inorganic Growth Sponsor Acquisitions 3rd Party Acquisitions 3rd Party Consolidation Commerzone Raidurg, 1.8 msf Commerzone Commerzone Porur, Porur, 0.24 0.24 msf msf The Square 110, Financial District, 0.8 msf 62 Ascent, Worli,(1) 0.45 MSF Mindspace Madhapur, 0.3 msf ~ Bn (GAV of Acquisitions) (1,2
Slide 11: Creating Value Through Strategic Initiatives
Creating Value Through Strategic Initiatives Mixed Use Hospitality like Re-Energised Parks Data Centers Ecosystems Experience 3 Hotels completed / 5 DCs with 1.7 msf Premium Clubs being planned in the Portfolio footprint new offerings at our Constant Upgrades Parks ₹6.5bn invested in Potential for m
Slide 12: Mixed Use Ecosystems: Hotels
Mixed Use Ecosystems: Hotels B18, Madhapur B17, Airoli East The Westin, Hyderabad 0.3 MSF, 272 Keys 0.13 MSF, 168 Keys 0.5 MSF, 333 Keys Perspective Perspective Actual 12 Note: B18 and B17 Subject to finalization of design and necessary approvals Loved Workspaces, Maximizing Value
Slide 13: Upgrades
Upgrades B9, 10, 11,12 Arrival Lobby B9, 10, 11,12 Arrival Lobby B1 Arrival Lobby B1, B9-12 Typical Lobby AE Club House | First Floor Gigaplex| Central Food Court 13 Commerzone, Yerwada Arrival Lobby The Square 110 Arrival Lobby Madhapur, B10 Arrival Lobby Note: All images are perspectives, subject
Slide 14: The Pearl Club Walkthrough
The Pearl Club Walkthrough Loved Workspaces, Maximizing Value
Slide 15: In Conclusion
In Conclusion • Delivering strong, stable portfolio growth • Office fundamentals remain robust • Maximizing occupancy and strengthening rentals • Multiple levers for sustained NOI expansion • Committed to maximizing unitholder value 15 Loved Workspaces, Maximizing Value
Slide 16: Thank You
Thank You 16 Loved Workspaces, Maximizing Value
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