Companies / MINDSPACE
NSEMindspace Business Parks REIT (MINDSPACE) in our theses
Mindspace Business Parks REIT appears in one of our theses. Below is why it entered the basket and how it has done since publication.
America is revoking visas at a record pace, and the work it pushes offshore lands in Indian office towers
Record US visa revocations do not delete the work, they relocate it: India's Grade-A office landlords, not IT services, end up collecting the rent.
Why this company: Portfolio weighted to Hyderabad and Pune, the markets absorbing captive expansion fastest. Comparatively low leverage leaves capacity to spend on fit-out and lease-up rather than on refinancing.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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