Property Share Investment Trust
BBSE:PSPLATINA1,125,000.00
INR
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Property Share Investment Trust
BSE:PSPLATINA
(Bombay Stock Exchange)
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1,125,000.00
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ROIC.AI
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- Property Share Investment Trust Property Share Investment Trust SM REIT (PSPLATINA.BO), India's first SEBI-registered small and medium real estate investment trust incorporated in 2024 and headquartered in Mumbai, operates as a real estate investment platform focused on completed, revenue-generating commercial properties through specialized schemes structured via special purpose vehicles. The trust's core offerings include single-asset investment schemes such as PropShare Platina, which provides access to 246,935 square feet of Grade A office space across six floors in Prestige Tech Platina, a LEED Gold-certified building on Bengaluru's Outer Ring Road fully leased to a US-based AI-led tech company on a nine-year lease with 15% rent escalation every three years and a 4.6-year weighted average lock-in; and PropShare Titania, encompassing 437,973 square feet across six floors in G Corp Tech Park, a Grade A+ ESG-certified office development on Thane's Ghodbunder Road in the Mumbai Metropolitan Region, fully leased to diversified blue-chip tenants including Aditya Birla Capital subsidiaries, Concentrix, a Fortune 500 healthcare firm, and a Japanese multinational with 5% annual rent escalations and a 3.2-year weighted average lease term. Targeting institutional-quality office assets in key Indian micro-markets like Bengaluru and Mumbai for qualified institutional and non-institutional investors with a minimum investment of Rs 10 lakh per unit, the trust projects distribution yields of approximately 9% for FY26 across schemes, supported by liquid assets, operational maintenance services, and net distributable cash flows. Recent developments include the listing of PropShare Platina units on the Bombay Stock Exchange following its December 2024 IPO raising Rs 353 crore primarily for acquiring the Prestige Tech Platina asset, waived management fees for FY25-FY26 with nominal charges thereafter, a 5% co-investment by the investment manager for alignment, and the subsequent listing of PropShare Titania on August 4, 2025, as India's second SM REIT scheme expanding into the MMR market; additionally, the trust submitted its September 30, 2025, valuation reporting fair value net assets of Rs 11,18,125.56 per unit.