Mindspace Reit, backed by K Raheja Corp, reported a significant 37.4% year-on-year increase in net operating income (NOI) for the fourth quarter of FY26, totaling ₹888 crore in revenue from operations, which is up 31% YoY. The Reit achieved gross leasing of 3.5 million square feet in Q4, bringing the total for FY26 to 7.13 million square feet. The re-leasing spread was 40.3% for Q4 and 31.8% for the fiscal year, indicating strong demand for office space. The Reit declared a distribution of ₹431 crore for the quarter, with a distribution per unit of ₹6.64, reflecting a 3.1% increase from the previous year. Overall, the Reit's NOI for FY26 rose to ₹2,664 crore, marking a 29.2% increase YoY. The gross asset value of the portfolio stands at ₹47,635 crore, a 16.1% increase since September 2025. Ramesh Nair, the managing director and CEO, highlighted the strong performance across all metrics and noted significant tenant commitments in Hyderabad, signaling robust market confidence.