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Property Share Investment Trust - Propshare Platina (544295)

📊 BSE: 544295 🏢 Real Estate Investment Trusts (REITs) 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Property Share's revenue was ₹7.7 Cr (+1.0% year on year, +0.0% on the previous quarter), and net profit ₹4.4 Cr (+5.5% year on year); the operating margin was 90.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹7.7	+1.0%	+0.0%
Operating profit	₹7.0	-4.1%	-5.4%
Net profit	₹4.4	+5.5%	+335.6%
EPS (₹)	12941.18	+5.5%	+335.6%
Operating margin	90.8%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Propshare Platina Replaces 3rd Floor Prestige Tech Platina Tenant With CIGNA Health Solutions

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 13 Oct 2026, 10:50 AM

Property Share Investment Trust's scheme PropShare Platina announced a tenant change for the 3rd floor of Building 2 at Prestige Tech Platina in Bengaluru. CIGNA Health Solutions India Private Limited has taken over the lease with effect from October 06, 2026, replacing 24/7 Customer Private Limited. The trust confirmed that lease terms and rentals remain substantially the same as the previous tenant, ensuring continuity in cash flows. The asset is held via the scheme's special purpose vehicle, Willowprops Private Limited.

New lease effective date: October 06, 2026
Asset location: 3rd Floor in Building 2 of Prestige Tech Platina, Bengaluru
New tenant: CIGNA Health Solutions India Private Limited replacing 24/7 Customer Private Limited
Lease terms and rental rates remain substantially unchanged

💡 Track the upcoming quarterly distribution and financial disclosures to confirm uninterrupted rental collection following the tenant transition.

Propshare Platina Assets Valued at ₹388.56 Cr as of Sept 30, 2026

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 12 Oct 2026, 11:38 PM

PropShare Platina has submitted its half-yearly Summary Valuation Report for the period ended September 30, 2026, prepared by KZEN Valtech Private Limited. The market value of the scheme's commercial asset—comprising 246,935 sq. ft. across 6 floors in Prestige Tech Platina, Bengaluru—has been assessed at ₹388.56 Cr. The valuation assumes an in-place rent of ₹103.17 per sq. ft. per month, an exit cap rate of 8.00%, and a WACC/discount rate of 11.75%. The asset represents the core underlying property backing the SM REIT scheme.

Market value of the asset appraised at ₹388.56 Cr (INR 3,885,550,000) as on September 30, 2026
Asset comprises 246,935 sq. ft. leasable area across 6 floors (Ground to 5th) in Prestige Tech Platina, Bengaluru
In-place rent stands at ₹103.17 per sq. ft. per month with marginal rent estimated at ₹103.00 per sq. ft.
Valuation parameters apply an 8.00% exit cap rate and an 11.75% discount rate (WACC)
Includes 355 exclusive car parking spaces and an undivided land share of 73,523 sq. ft.

💡 Track the upcoming H1 FY27 financial results and distribution declarations to monitor actual rental collections against the appraised in-place rent.

Propshare Platina Assets Valued at ₹388.56 Cr as of Sept 30, 2026

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 12 Oct 2026, 11:16 PM

Market value of the asset appraised at ₹388.56 Cr (INR 3,885,550,000) as on September 30, 2026
Asset comprises 246,935 sq. ft. leasable area across 6 floors (Ground to 5th) in Prestige Tech Platina, Bengaluru
In-place rent stands at ₹103.17 per sq. ft. per month with marginal rent estimated at ₹103.00 per sq. ft.
Valuation parameters apply an 8.00% exit cap rate and an 11.75% discount rate (WACC)
Includes 355 exclusive car parking spaces and an undivided land share of 73,523 sq. ft.

💡 Track the upcoming H1 FY27 financial results and distribution declarations to monitor actual rental collections against the appraised in-place rent.

Propshare Platina Corrects Governance Report: Chairperson Confirmed as CEO

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jul 2026, 05:55 PM

Propshare Platina, a scheme of the Property Share Investment Trust (SM REIT), issued a corrigendum to its FY26 Corporate Governance report. The correction clarifies that the Chairperson, Mr. Hashim Qadeer Khan, also serves as the Chief Executive Officer (CEO), changing the disclosure status from 'Not Applicable' to 'Yes'. The board maintains a 50% independence ratio with 3 independent directors out of 6 total members. This is a procedural update for the first-ever SM REIT scheme, which reported a net worth of ₹326 crore.

Corrected disclosure to reflect that the Chairperson also holds the position of CEO
Board composition remains at 6 members, including 3 Independent Directors (50%)
Trust reported a net worth of ₹326 crore as per latest financial context
Reported a net profit of ₹1.61 crore for the quarter ended March 31, 2026
Audit Committee is chaired by an Independent Director, Mr. Jagdish Chandra Sharma

💡 Investors should note this as a routine administrative correction. No action is required, though the dual role of Chairperson and CEO should be monitored for effective independent oversight in future filings.

July 16 Set as Record Date for PS Platina Quarterly Distribution

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 16 Jul 2026, 11:13 AM

PropShare Investment Manager has declared a distribution for its first scheme, PS Platina, for the quarter ended June 30, 2026. The record date to determine eligible unitholders is July 16, 2026. Payments are scheduled to be completed by July 23, 2026. This is a routine procedural filing for the SM REIT to facilitate its quarterly payout cycle, though the specific amount per unit was not detailed in this document.

Record date for the distribution is fixed as July 16, 2026
Distribution pertains to the quarterly period ended June 30, 2026
Payment of distributions will be completed on or before July 23, 2026
Board of Directors approved the distribution in a meeting held on July 13, 2026

💡 Monitor for the specific distribution amount per unit to calculate the quarterly yield. Ensure units are held prior to the ex-date to be eligible for the payout.

5.03% Sponsor Holding Reported in Propshare Platina Q1 FY27 Unitholding Pattern

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jul 2026, 03:18 PM

PropShare Platina, the first scheme of Property Share Investment Trust, has disclosed its unitholding pattern for the quarter ended June 30, 2026. The Sponsor and Manager group holds 169 units, representing 5.03% of the total 3,361 outstanding units, all of which are under mandatory holding. Public unitholders own the remaining 94.97%, with a significant concentration in Bodies Corporate which hold 71.26% of the total units. No units are currently pledged or encumbered by the sponsor group.

Total outstanding units for the scheme stand at 3,361 as of June 30, 2026
Sponsor and Manager group holds 5.03% stake, with 100% of their 169 units being mandatorily held
Public unitholding is dominated by Bodies Corporate at 71.26% (2,395 units)
Individual retail investors hold 22.61% of the trust, amounting to 760 units
Zero units are pledged or encumbered by the Sponsor or Sponsor Group

💡 Investors should treat this as a routine regulatory disclosure and monitor future filings for shifts in institutional participation or changes in the sponsor's mandatory holding status.

Propshare Platina resolves 20 investor complaints in Q1 FY27 with 3-day average redressal

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 10:18 PM

Property Share Investment Trust - Propshare Platina has filed its investor grievance report for the quarter ended June 30, 2026. The trust managed a total of 22 complaints during the quarter (6 pending from the previous period and 16 new receipts). It successfully disposed of 20 complaints, leaving only 2 pending at the end of June. The average time taken for redressal was 3 days, indicating efficient administrative processing.

20 investor complaints were disposed of during the quarter ended June 30, 2026
Average time taken for redressal of complaints was 3 days
16 new complaints were received during the quarter
Only 2 complaints remained pending as of June 30, 2026
Management noted that none of the complaints received during the quarter were specifically related to the PropShare Platina scheme

💡 Investors should treat this as a routine regulatory disclosure. No specific action is required, though the low redressal time (3 days) reflects well on the Investment Manager's administrative efficiency.

20 Investor Complaints Resolved in Q1 FY27; Average Redressal Time 3 Days

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Jul 2026, 06:13 PM

PropShare Platina has disclosed its investor grievance report for the quarter ended June 30, 2026. The trust managed a total of 22 complaints (6 opening and 16 received), successfully resolving 20 within the quarter. The average redressal time was reported at 3 days, indicating efficient administrative processing. Notably, the investment manager clarified that none of the complaints received during this period were specifically related to the PropShare Platina scheme itself.

20 investor complaints were disposed of during the quarter ended June 30, 2026.
Average time taken for redressal of complaints was 3 days.
16 new complaints were received during the three-month period.
Only 2 complaints remained pending at the end of the quarter, both less than 3 months old.

💡 Educational: Monitor the 'Average time taken for redressal' in future filings to ensure management remains responsive to investor concerns as the trust scales.

20 Investor Complaints Resolved in Q1 FY27 with 3-Day Average Redressal Time

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Jul 2026, 05:00 PM

PropShare Platina (the first scheme of Property Share Investment Trust) submitted its investor grievance report for the quarter ended June 30, 2026. The trust began the quarter with 6 pending complaints and received 16 new complaints, totaling 22. It successfully resolved 20 complaints during the period, leaving only 2 pending at the end of the quarter. The average redressal time was reported at 3 days, indicating efficient administrative handling.

20 investor complaints were disposed of during the quarter ended June 30, 2026
Average time taken for redressal of complaints was 3 days
16 new complaints were received during the Q1 FY27 period
Only 2 complaints remained pending as of June 30, 2026
Company noted that none of the complaints received were specifically related to the PropShare Platina scheme

💡 Investors should monitor these routine filings to ensure the Investment Manager maintains high standards of grievance redressal as the REIT grows.

July 13 Board Meeting to Approve Q1 Results and Distribution for Propshare Platina

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 10 Jul 2026, 09:50 PM

PropShare Platina has scheduled a board meeting for July 13, 2026, to review and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. In addition to the financial results, the board will consider the declaration of distributions to unitholders for the same quarter. This is a standard but critical meeting for this SM REIT (Small & Medium Real Estate Investment Trust) as it determines the quarterly payout to investors.

Board meeting scheduled for July 13, 2026, to approve Q1 FY27 results.
Financial results pertain to the quarter ended June 30, 2026.
Board to consider declaration of distributions to unitholders for the quarter.
Results will undergo a limited review by the Statutory Auditors.

💡 Monitor the exchange filing on July 13, 2026, to check the distribution amount per unit and the underlying financial performance of the Platina scheme.

PropShare Platina Unitholders Approve FY26 Financials and Valuation Report at 2nd AM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Jul 2026, 03:17 PM

Unitholders of PropShare Platina, the first scheme of Property Share Investment Trust, approved all three ordinary resolutions at the Second Annual Meeting held on July 06, 2026. The resolutions included the adoption of audited standalone and consolidated financial statements for FY26 and the portfolio valuation report issued by Kzen Valtech Private Limited. A total of 175 votes were cast, representing 5.2068% of the total 3,361 units, with 100% of the polled votes in favor of all resolutions.

100% of the 175 votes polled were in favor of adopting the FY26 audited financial statements
Valuation report for the portfolio as of March 31, 2026, issued by Kzen Valtech Private Limited, was approved
Total unitholders on the record date of June 29, 2026, stood at 453
Voter turnout was low, with only 5.2068% of the total 3,361 units participating in the poll
The meeting was conducted via Video Conferencing with 4 public shareholders attending

💡 Investors should review the detailed FY26 annual report and the specific asset-level valuation metrics on the trust's website to assess the underlying property performance.

8.76% Annualised Yield Reported at PropShare Platina's 2nd Annual Meeting

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 07 Jul 2026, 11:41 AM

PropShare Platina, the first scheme of India's first SEBI-registered SM REIT, held its second Annual Meeting on July 6, 2026. The scheme reported a strong FY 2025-26 performance with 100% occupancy in its sole Bengaluru office asset, anchored by a marquee global tenant. Key financial outcomes included a net distributable cash flow of ₹309 million and a distribution per unit of ₹91,938. The Net Asset Value (NAV) was confirmed at ₹3,845.71 million, reflecting stable asset valuation and income resilience.

Achieved an annualised yield of 8.76% for the financial year 2025-26
Generated a total net distributable cash flow (NDCF) of ₹309 million
Maintained 100% occupancy in its LEED Gold-certified office building in Bengaluru
Reported a Net Asset Value (NAV) of ₹11,44,216.01 per unit as of March 31, 2026
Total Trust AUM across three schemes reached ₹1,071 crores

💡 Investors should monitor the quarterly distribution consistency and the lease expiry profile of the single marquee tenant to ensure yield sustainability.

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💰 Financial Performance

Financial analysis data not yet available for this company.

⚙️ Operational Drivers

Operational analysis data not yet available for this company.

📈 Strategic Growth

Growth Strategy

The company aims to achieve growth through its structure as the first scheme of the Property Share Investment Trust. By listing on the BSE (Scrip Code 544295), it provides liquidity to fractional real estate investors. Growth is driven by the acquisition and management of institutional-grade real estate assets under the PropShare Platina (PSPlatina) scheme, managed by PropShare Investment Manager Private Limited.

Products & Services

Investment units in PropShare Platina (PSPlatina), which is a scheme under the Property Share Investment Trust (SM REIT).

Brand Portfolio

PropShare Platina, PSPlatina, Property Share Investment Trust, PropShare Investment Manager.

Strategic Alliances

The scheme operates through a management agreement with PropShare Investment Manager Private Limited.

🌍 External Factors

Industry Trends

The industry is evolving toward the formalization of fractional real estate through Small and Medium Real Estate Investment Trusts (SM REITs). This shift allows retail investors access to commercial assets with lower entry barriers. PropShare Platina is positioned as an early mover in this regulated space, benefiting from the transition of informal fractional ownership to SEBI-regulated trust structures.

Competitive Moat

The company's moat is built on its regulatory status as the first scheme of the Property Share Investment Trust. This provides a first-mover advantage in the SM REIT market, creating a brand association with regulated fractional ownership. The sustainability of this moat depends on the quality of the underlying real estate assets and the manager's ability to maintain high occupancy and rental growth.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the SEBI (Real Estate Investment Trusts) Regulations and the SEBI (Prohibition of Insider Trading) Regulations, 2015. These regulations mandate strict disclosure timelines and the closure of trading windows for designated persons during the preparation of financial results to prevent information asymmetry.