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Bagmane Prime Office REIT (BAGMANE)

📊 NSE: BAGMANE 🏢 Real Estate Investment Trusts (REITs) 📢 Latest filing: 13 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Bagmane Prime's revenue was ₹437 Cr (-29.9% year on year), and net profit ₹58.5 Cr (-77.0% year on year); the operating margin was 83.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹437	-29.9%	—
Operating profit	₹364	-29.8%	—
Net profit	₹58.5	-77.0%	—
EPS (₹)	0.29	—	—
Operating margin	83.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Bagmane Prime Office REIT Reports Zero Investor Complaints for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 01:04 PM

Bagmane Prime Office REIT submitted its quarterly statement of investor complaints for the quarter ended September 30, 2026. The trust reported zero complaints pending at the beginning of the period, zero complaints received during the quarter, and zero pending at the close. The filing is a standard compliance requirement under SEBI Master Circular regulations.

Zero investor complaints pending as of July 01, 2026
Zero complaints received during the quarter ended September 30, 2026
Zero complaints pending disposal at the end of the quarter as on September 30, 2026
Zero SCORES complaints received or pending throughout the period

💡 Track the trust's upcoming Q2 FY27 financial results and distribution declarations for operational performance updates.

Bagmane Prime Office REIT Discloses Q2 FY27 Unitholding: Sponsors Hold 82.81%

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Oct 2026, 01:02 PM

Bagmane Prime Office REIT submitted its unitholding pattern for the quarter ended September 30, 2026. The Sponsor and Sponsor Group maintain an 82.81% aggregate stake comprising 281.55 crore units, all of which are reported as mandatorily held with zero pledged units. Public unitholders account for the remaining 17.19% (58.45 crore units), led by institutional foreign body BREP Asia III India Holding Co VIII Pte. Ltd. at 3.18%. Total outstanding units stood at 340.00 crore.

Sponsor & Sponsor Group hold 82.81% (2,81,55,34,147 units) with 0 units pledged
Lead sponsor Bagmane Realty and Infrastructure LLP holds a 79.25% stake (2,69,46,33,237 units)
Public unitholders represent 17.19% of units, with institutions at 10.37% and non-institutions at 6.82%
Top non-sponsor unitholder is BREP Asia III India Holding Co VIII Pte. Ltd. with 3.18% (10,79,65,854 units)
Total outstanding unitholding base stands at 3,40,00,00,000 units

💡 Track compliance with minimum public unitholding thresholds over time, as well as operational performance and distribution declarations in upcoming Q2 FY27 financial results.

Bagmane Prime Office REIT to Attend Ambit Investor Conference on September 8, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 05:00 PM

Bagmane Prime Office REIT has informed stock exchanges that senior management will participate in the Ambit REITs & Alternative Real Estate Conference on Tuesday, September 08, 2026. The management will engage in group and one-on-one investor meetings to discuss the REIT's portfolio. For context, the REIT reported Q1 (Jun 2026) revenue of ₹437.006 cr and net profit of ₹58.51 cr. This is a routine investor interaction with no structural or material financial changes announced.

Management to attend Ambit REITs & Alternative Real Estate Conference on September 08, 2026
Meeting format includes both group meetings and one-on-one sessions
Recent performance context: Jun 2026 quarterly revenue of ₹437.006 cr and net profit of ₹58.51 cr

💡 Monitor if any new investor presentations or operational updates are disclosed on stock exchanges following the conference.

Bagmane Prime Office REIT to Participate in Ambit Investor Session on Aug 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 07:14 PM

Bagmane Prime Office REIT announced that senior management from its investment manager will participate in an investor session hosted by Ambit on Friday, August 28, 2026. The session aims to facilitate an understanding of the REIT's portfolio and will include site visits. This is a routine investor outreach and site visit intimation under SEBI disclosure regulations, with no material financial transaction announced. In Q1 FY27 (Jun 2026), the REIT reported revenue of Rs 437.01 crore and net profit of Rs 58.51 crore.

Senior management to attend investor session hosted by Ambit on Friday, August 28, 2026
Meeting agenda includes site visits and discussions to provide portfolio understanding
Jun 2026 quarterly revenue stood at Rs 437.01 crore with net profit of Rs 58.51 crore
Participation remains subject to attendee and company availability

💡 Track subsequent post-meet presentation filings or disclosures on the exchanges for any updates on leasing trends, occupancy, or portfolio performance.

Bagmane Prime Office REIT to Meet Edelweiss MF and Analysts on August 25, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 04:11 PM

Bagmane Prime Office REIT has scheduled an institutional meeting with Edelweiss Mutual Fund and research analysts on Tuesday, August 25, 2026. The interaction is aimed at facilitating an understanding of the REIT's commercial real estate portfolio. This is a routine institutional investor interaction conducted by the senior management team of the investment manager.

Meeting scheduled with Edelweiss Mutual Fund and research analysts on August 25, 2026
Purpose of the meet is to provide an overview of the REIT's portfolio
Intimation filed on August 21, 2026 with NSE and BSE

💡 Track post-meeting investor presentation or disclosure transcripts if published by the REIT on the exchanges for operational updates.

Bagmane REIT Q1 FY27 Call: 98.7% Occupancy, 2.6 Lakh Sq Ft Leased at 16% Spread

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 17 Aug 2026, 04:43 PM

Bagmane Prime Office REIT filed the transcript of its maiden earnings call post-listing, highlighting a committed occupancy of 98.7% across its 19.6 million sq ft portfolio (16.6 msf operational). During Q1 FY27, the trust executed 260,000 sq ft of gross leasing at a 16% mark-to-market spread over expiring rents, with 100% renewals and expansions from existing tenants. The portfolio's occupier base is anchored by GCCs (90%) and Fortune 500 firms (64%). The REIT also detailed a 47 million sq ft ROFO pipeline from its sponsor and ongoing development of two hotels totaling 607 keys slated for completion by late 2029.

Committed portfolio occupancy reached 98.7% across 16.6 million sq ft of operational Grade A+ space as of June 30, 2026
Executed 260,000 sq ft of gross leasing in Q1 at a mark-to-market spread of 16% over expiring rents
Tenant roster comprises 90% Global Capability Centers (GCCs), 99% foreign MNCs, and 64% Fortune 500 entities
Development pipeline includes 1.0 msf office under construction, 2.0 msf future potential, and 607 hotel keys targeted for late 2029
Sponsor provides access to a 47 million sq ft ROFO pipeline across Bengaluru, Delhi, and Chennai

💡 Track the conversion of committed occupancy to physical billing in H2 FY27 and watch for updates on hotel operator agreements and quarterly distribution payouts.

Bagmane Prime Office REIT Releases Q1 FY27 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Aug 2026, 09:31 PM

Bagmane Prime Office REIT has released the audio recording of its earnings conference call held on August 12, 2026. The call focused on the financial performance for the quarter ended June 30, 2026. This is a standard regulatory disclosure following the announcement of quarterly results. Investors can access the recording via the company's website to review management's commentary on portfolio operations and financial outlook.

Earnings conference call held on August 12, 2026, at 16:00 Hrs IST
Discussion centered on financial results for the quarter ended June 30, 2026
Audio recording link provided for public access as per regulatory requirements
Follows the initial intimation letter dated August 05, 2026

💡 Investors should review the audio recording for qualitative insights into occupancy trends, rental reversions, and management's guidance on future distributions.

₹1.50/unit maiden distribution declared by Bagmane REIT; Q1 Revenue at ₹7,337 million

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 08:45 PM

Bagmane Prime Office REIT reported its first quarterly results post-listing, declaring a maiden distribution of ₹1.50 per unit totaling ₹5,100 million. The REIT achieved a sector-leading committed occupancy of 98.7% across its 16.6 msf completed portfolio in Bengaluru. Revenue from operations stood at ₹7,337 million with a robust 90% NOI margin. Leverage remains exceptionally low with an LTV of 4%, providing over ₹180 billion in debt headroom for future acquisitions from its massive 47+ msf ROFO pipeline.

Declared maiden distribution of ₹1.50 per unit, amounting to a total payout of ₹5,100 million
Achieved 98.7% committed occupancy across 16.6 msf completed portfolio, the highest among listed Indian office REITs
Reported Revenue from Operations of ₹7,337 million and Net Operating Income (NOI) of ₹6,605 million
Maintained a very low Loan-to-Value (LTV) ratio of 4% as of June 30, 2026
Gross leasing of 260k sft in Q1 FY27 achieved at a 16% mark-to-market spread

💡 Watch for the timely completion of 1.0 msf under-construction assets (Ceres, Cosmos, Aurora) scheduled for Q3 and Q4 FY27, and potential inorganic growth announcements given the ₹180 billion debt headroom.

Bagmane REIT Declares ₹5,100 Mn Distribution; Utilizes ₹23,900 Mn IPO Proceeds

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Aug 2026, 08:34 PM

Bagmane Prime Office REIT has declared its first distribution of ₹1.50 per unit for the quarter ended June 30, 2026, totaling ₹5,100 million. The distribution is primarily composed of dividends (₹1.3748 per unit) and a smaller interest component (₹0.1252 per unit). The REIT confirmed it has utilized ₹23,004 million of its ₹23,900 million fresh issue proceeds for asset acquisitions and general purposes without any deviations. Key acquisitions include Luxor @ Bagmane Capital Tech Park and a 93% stake in Bagmane Rio.

Declared total distribution of ₹5,100 million (₹1.50 per unit) for Q1 FY27.
Utilized ₹14,200 million for the acquisition of Luxor @ Bagmane Capital Tech Park.
Deployed ₹8,200 million to acquire a 93% stake in Bagmane Rio Private Limited.
Fresh issue of ₹23,900 million raised on May 12, 2026, fully accounted for with zero deviations.
Record date for the distribution is set for August 14, 2026, with payment by August 21, 2026.

💡 Investors should note the record date of August 14, 2026, to be eligible for the ₹1.50 per unit distribution and monitor the occupancy rates of the newly acquired Luxor and Rio assets in the upcoming supplementary databook.

₹1.50 per unit distribution declared by Bagmane REIT; Record Date Aug 14, 2026

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 11 Aug 2026, 08:33 PM

Bagmane Prime Office REIT has declared its first distribution of ₹1.50 per unit for the quarter ended June 30, 2026, totaling ₹5,100 million. The payout is structured as ₹1.3748 in dividends and ₹0.1252 in interest per unit. The REIT confirmed that ₹23,900 million raised through its May 2026 IPO fresh issue has been fully utilized for acquisitions, including Luxor and Bagmane Rio assets. The record date for this distribution is August 14, 2026, with payments to be completed by August 21, 2026.

Declared a total distribution of ₹5,100 million for the quarter ended June 30, 2026
Per unit distribution of ₹1.50, comprising ₹1.3748 dividend and ₹0.1252 interest
Utilized ₹14,200 million for the acquisition of Luxor @ Bagmane Capital Tech Park
Utilized ₹8,200 million for the acquisition of 93% equity in Bagmane Rio Private Limited
Record date for the distribution set for August 14, 2026, with payment by August 21, 2026

💡 Investors should monitor the yield based on the current unit price and track the upcoming earnings update for asset-level performance and occupancy rates of the newly acquired properties.

₹1.50 per unit distribution declared by Bagmane REIT; ₹5,100 million total payout for Q1

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 Aug 2026, 08:32 PM

Bagmane Prime Office REIT has declared its first distribution post-listing, totaling ₹5,100 million (₹1.50 per unit) for the quarter ended June 30, 2026. The distribution is structured as ₹1.3748 in dividends and ₹0.1252 in interest per unit. The REIT also confirmed the full utilization of ₹22,400 million from its IPO proceeds for the acquisition of Luxor @ Bagmane Capital Tech Park and Bagmane Rio Private Limited. The record date for this distribution is August 14, 2026, with payment scheduled by August 21, 2026.

Declared a total distribution of ₹5,100 million for the quarter ended June 30, 2026
Distribution per unit is ₹1.50, consisting of ₹1.3748 dividend and ₹0.1252 interest
Utilized ₹14,200 million of IPO proceeds for the acquisition of Luxor @ Bagmane Capital Tech Park
Utilized ₹8,200 million for acquiring a 93% stake in Bagmane Rio Private Limited
Record date for distribution set for August 14, 2026, with payment by August 21, 2026

💡 Investors should review the upcoming supplementary databook for occupancy levels and lease expiry profiles to gauge the stability of future quarterly distributions.

Bagmane REIT Board Meeting on Aug 11 to Approve Q1 Results and Distribution; Record Date Aug 14

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Aug 2026, 10:21 AM

Bagmane Prime Office REIT has scheduled a board meeting for August 11, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board will also consider and approve the declaration of quarterly distributions to unitholders. The record date for the proposed distribution is fixed as August 14, 2026, with the payment expected to be made on or before August 21, 2026. An earnings conference call is also scheduled for August 12, 2026, to discuss the quarterly performance.

Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results
Record date for quarterly distributions set for August 14, 2026
Distribution payment to be completed by August 21, 2026
Earnings conference call scheduled for August 12, 2026
Results cover the three-month period ended June 30, 2026

💡 Monitor the distribution per unit (DPU) announced on August 11 and listen to the August 12 earnings call for updates on portfolio occupancy and rental reversions.

Bagmane REIT to Consider Q1 Results and Distribution on Aug 11; Record Date Aug 14

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Aug 2026, 10:19 AM

Bagmane Prime Office REIT has scheduled a board meeting for August 11, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board will also consider the declaration of distributions to unitholders for the same period. The record date for the proposed distribution is fixed as August 14, 2026, with the payment expected to be completed by August 21, 2026. This is a routine but critical update for REIT investors who prioritize quarterly income distributions.

Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results
Record date for the proposed quarterly distribution is August 14, 2026
Distribution payment is proposed to be made on or before August 21, 2026
Financial results cover the three-month period ended June 30, 2026

💡 Investors should monitor the announcement on August 11 for the specific distribution amount per unit and the REIT's portfolio occupancy/rental growth metrics.

Bagmane REIT Board Meeting on Aug 11 to Consider Q1 Results and Distributions

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Aug 2026, 10:18 AM

Bagmane Prime Office REIT has scheduled a board meeting for August 11, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board will also consider the declaration of quarterly distributions to unitholders. A record date of August 14, 2026, has been established for the distribution, with the payment expected to be completed by August 21, 2026. This is a routine but essential update for yield-focused investors to track the REIT's operational performance and payout consistency.

Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results.
Record date for proposed distributions set for August 14, 2026.
Distribution payment to be completed on or before August 21, 2026.
Results will cover the three-month period ended June 30, 2026.

💡 Investors should monitor the announcement on August 11 for the specific distribution amount per unit and updates on portfolio occupancy and rental collections.

ICRA Finalizes AAA (Stable) Issuer Rating for Bagmane Prime Office REIT

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 31 Jul 2026, 10:52 AM

Bagmane Prime Office REIT has received a finalized credit rating of 'ICRA AAA' with a 'Stable' outlook from ICRA Limited as of July 30, 2026. This replaces the provisional rating of the same grade that was originally assigned on December 29, 2025. The finalization of the highest possible credit rating confirms the REIT's superior creditworthiness and low risk of default. This status is critical for the REIT to secure low-cost debt financing for its portfolio operations.

Finalized credit rating of ICRA AAA (Stable) confirmed on July 30, 2026
Transitioned from a provisional rating status held since December 29, 2025
Disclosure filed under Regulation 23(5) of SEBI (REIT) Regulations, 2014
Rating pertains to the issuer identified by ISIN INE2OVN25015

💡 Watch for upcoming debt issuances or refinancing activities, as the finalized AAA rating should allow the REIT to negotiate highly competitive interest rates.

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