PropShare Platina FY26: ₹30.77cr revenue, 8.76% yield

What was announced and why it matters

Property Share Investment Trust’s first scheme, PropShare Platina, published audited financial results for FY2025-26 and outlined distributions to unitholders. The update matters because REIT and SM REIT style products are often assessed on occupancy stability, cash flow available for distribution, and yield on the issue price. PropShare Platina reported a 100% occupancy level at its underlying asset, Prestige Tech Platina in Bengaluru. It also disclosed a cumulative distribution and per-unit payout that investors typically track more closely than accounting profit. Alongside the annual numbers, market trackers highlighted a sharp drop in quarterly net profit in the March 2026 quarter. The scheme is listed in India on BSE under scrip code 544295.

FY26 operating performance snapshot

For the year ended March 31, 2026, the scheme reported Revenue from Operations of ₹30.77 crore and Net Operating Income (NOI) of ₹29.79 crore. EBITDA for FY26 was reported at ₹30.42 crore, supported by an EBITDA margin of 99% as stated in the results note. PropShare Platina also reported Net Distributable Cash Flow (NDCF) of ₹30.90 crore for FY26. The cumulative distribution for FY2025-26 was stated at ₹30.90 crore, aligning with the NDCF figure disclosed. Distribution per Unit (DPU) for the year was reported at ₹91,938.01. The annualised yield was disclosed at 8.76% on the IPO price.

Asset details and occupancy

PropShare Platina reported that it manages 246,935 sq. ft. of Grade A office space in Bengaluru. The scheme maintained 100% occupancy at the Prestige Tech Platina asset during the period reported. Occupancy is a key operating metric for commercial real estate vehicles because it directly influences rental collections and the stability of distributable cash flows. The scheme’s disclosures also cited a high EBITDA margin, which typically reflects a low operating cost base relative to operating income. While accounting profits can move quarter to quarter due to depreciation, interest costs, or one-offs, occupancy and NOI are commonly used to evaluate underlying performance. The FY26 disclosures highlighted stability on these operational indicators.

March 2026 quarter: profit decline flagged by trackers

Multiple market summaries described weaker profitability in the March 2026 quarter. Net profit for the March 2026 quarter was reported at ₹1.01 crore, with a year-on-year decline of 19.84% compared with ₹1.26 crore in the March 2025 quarter. Another comparison highlighted that net profit in March 2026 was lower than the September 2025 quarter figure of ₹4.16 crore, a decline of 75.72% on that reference. Revenue for the March 2026 period was cited in two ways across the provided data: one dataset stated revenue of ₹8.01 crore versus ₹7.98 crore in September 2025, while the quarterly results table showed sales of ₹7.71 crore for March 2026. These figures broadly place quarterly revenue around ₹8 crore.

Board actions: quarterly distribution and record date

PropShare Platina disclosed that its board meeting was held on April 17, 2026, where directors approved the FY26 audited results and declared a distribution for the quarter ended March 31, 2026. The distribution was set at ₹23,288.99 per unit, aggregating to ₹7.827 crore for unitholders. The distribution was split into ₹4,795.93 per unit as interest payment and ₹18,493.06 per unit as repayment of debt. The record date for the distribution was disclosed as April 22, 2026. The payout was stated to be made on or before April 29, 2026. A separate note also mentioned a dividend yield of 10.87% tied to the March 2026 quarter distribution.

NAV and per-unit values disclosed

The scheme disclosed Net Asset Value (NAV) of ₹384.571 crore (₹3,845.71 million) as of March 31, 2026. It also reported a per-unit NAV of ₹11,44,216.01 on a fair value basis. On a book value basis, the NAV per unit was stated at ₹9,68,893.19. These per-unit NAV disclosures are important for investors evaluating the gap between trading prices (where available) and underlying asset value. NAV figures are also relevant for understanding how distributions and property valuation changes may reflect in unit economics over time. The disclosures in the provided text did not include market price movement for the units.

Full-year profit figures: standalone vs consolidated references

The provided information includes multiple profit references for FY26. One disclosure stated a standalone profit of ₹7.047 crore (₹70.47 million) and a consolidated profit of ₹23.520 crore (₹235.20 million) for FY26. Another market summary stated that net profit rose 8611.11% to ₹23.52 crore in the year ended March 2026 versus ₹0.27 crore in the year ended March 2025, alongside sales rising to ₹30.77 crore from ₹9.77 crore. Separately, a line item in the supplied text stated: “For the full year FY2025–2026, revenue reached ₹10.06 crore and profit touched at ₹0.27 crore.” This ₹0.27 crore profit figure also appears as the prior year comparator in the FY26 growth statement, indicating the presence of different summaries in circulation within the provided material.

Key numbers table

Market implications for unitholders

For unitholders, the headline FY26 message is the combination of 100% occupancy and an FY26 distribution of ₹30.90 crore, translating into a DPU of ₹91,938.01 and an annualised yield of 8.76% on the IPO price as disclosed. The March 2026 quarter profit decline highlighted by trackers may draw attention, but distributions are often evaluated alongside NOI, occupancy, and cash flow metrics. The April 2026 distribution mechanics, including record date and payout date, matter for investor eligibility and cash flow planning. The split of the quarterly payout between interest and debt repayment is also a useful detail for investors tracking the nature of distributions. The disclosures did not provide guidance on future distributions beyond the stated payout timeline for the March 2026 quarter.

Conclusion

PropShare Platina’s FY26 disclosures pointed to stable property operations with 100% occupancy and annual revenue from operations of ₹30.77 crore, alongside an FY26 cumulative distribution of ₹30.90 crore. The March 2026 quarter, however, was flagged for a net profit decline to ₹1.01 crore based on the figures cited in the provided data. The next near-term milestones already disclosed were the April 22, 2026 record date and payout by April 29, 2026 for the ₹23,288.99 per unit distribution declared on April 17, 2026.