Property Share Investment Trust REIT

PropShare Titania is the second scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region. PropShare Titania has a leasable area of 4,37,973 sf. PropShare Titania is fully leased to a mix of Fortune 500 companies, multinational companies ('MNCs') and bluechip tenants. PropShare Titania offers a projected distribution yield of 9.0% for the financial year 2026, 9.0% for the financial year 2027, 9.0% for the financial year 2028, and 8.7% for the financial year 2029. Further, the projected distribution yield is based on the assumptions and estimates as deemed appropriate and reasonable by the Investment Manager at the date of the Projections and has been adopted by the board of directors of the Investment Manager on July 07, 2025 and certified by the Auditors. As per financial performance, PropShare Titania REIT has posted total income/net profits of Rs 31.07 Cr / Rs 3.57 Cr (FY23), Rs 34.66 Cr / Rs 5.11 Cr (FY24) and Rs 40.07 Cr / Rs 8.97 Cr (FY25). So as per financial data, company has posted good growth. As per RHP, there are no listed peers. As per financials, PropShare Titania Trust REIT has shown steady growth and projected return will be around 9% for FY26 to FY28 and then 8.7% for FY29. It's a pure long-term story for steady rewards with capital appreciation. PropShare Titania is an upcoming office park at MMR-Thane, a prime market. So, we give NEUTRAL rating for this REIT and one may invest with medium to long-term view and steady cash-flows as per distribution policy.

• 1 Kunhamed Bicha
• 2  Bhaskar Srinivasan