Is it good to invest in Mindspace REIT?
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Is it good to invest in Mindspace REIT?
Mindspace, with its large rental portfolio, which guarantees stable income and a high dividend yield, poses an attractive bet on the real estate market of four key cities — Mumbai, Hyderabad, Pune, and Chennai. REITs have to pay out at least 90\% of their net distributable cash flows to stockholders as dividend.
How many times Mindspace IPO subscribed?
The Rs 4,500-crore IPO of Mindspace Business Parks REIT has been received very well by investors as the bidding ended July 29. The public issue has been subscribed 12.96 times, receiving bids for 87,78,24,600 units against an offer size of 6,77,46,400 units, data available on exchanges showed.
What is the face value of Mindspace REIT?
Mindspace REIT is a main-board REIT of [.] equity shares of the face value of ₹ aggregating up to ₹4,500.00 Crores. The issue is priced at ₹274 to ₹275 per equity share.
Is dividend from Mindspace REIT taxable?
Mindspace REIT declared distribution of Rs 272.8 crore or Rs 4.60 per unit. “Dividend, which is tax exempt in the hand of unitholders, forms significant portion of distribution (Rs 4.23 per unit, 92 per cent) while interest (Rs 0.37 per unit) forms 8 per cent.
Detailed Quotes
| Exchange & Time | NSE 10-Dec-2021 | BSE 10-Dec-2021 |
|---|---|---|
| Last Price | 295.30 | 296.24 |
| 1-D Change (\%) | -0.81 | -0.33 |
| Open | 297.70 | 297.75 |
| Prev Close | 297.70 | 297.21 |
What is Mindspace RR?
Mindspace Business Parks REIT engages in the provision of trust services. Its portfolio comprises of properties in Mumbai, Hyderabad, Pune, and Mumbai. It operates through the following business segments: Real Estate Development, Power Distribution, and Investment (Treasury).
What is the dividend yield of Mindspace REIT?
6.7 per cent
MUMBAI: Mindspace Business Parks REIT has declared a distribution of Rs 272.8 crore or Rs 4.60 per unit as dividend for the quarter ended September taking its annualised distribution yield to 6.7 per cent on the issue price of Rs 275 per unit.
Is investing in REITs a good idea?
REITs are total return investments. They typically provide high dividends plus the potential for moderate, long-term capital appreciation. The relatively low correlation of listed REIT stock returns with the returns of other equities and fixed-income investments also makes REITs a good portfolio diversifier.