Prestige Estates Projects Limited reported retail annuity income of ₹1,520 crore during the first nine months of FY26, underlining the steady performance of its shopping mall and retail asset portfolio, according to the company’s Q3 & 9M FY26 investor presentation.
During Q3 FY26, retail annuity income stood at ₹524 crore, supported by high occupancy levels, stable footfalls and consistent rental collections across operating malls. Prestige Estates currently operates 18 shopping malls with a total leasable area of approximately 14.5 million square feet across key Indian cities.
The company’s retail portfolio spans major urban centres including Bengaluru, Chennai, Hyderabad, Kochi and Mangaluru, with malls positioned as integrated lifestyle destinations combining retail, entertainment and dining. Prestige noted that tenant demand remained stable during the period, supported by long-term lease structures and diversified tenant mixes.
Retail occupancy across operational malls remained above 95%, reflecting sustained interest from national and international brands. The company also reported steady growth in consumption-led categories such as food and beverage, entertainment and experiential retail, which contributed to overall footfall resilience.
Prestige Estates continues to expand its retail footprint through a combination of new developments and phased asset additions. As of December 2025, the company had five retail projects under development, adding nearly 6 million square feet of future leasable area. These projects are expected to be commissioned in phases over the next few financial years, enhancing long-term annuity income visibility.
The retail segment remains a key pillar of Prestige’s diversified business model, alongside residential development and office leasing. Stable annuity income from retail assets provides predictable cash flows, supporting capital allocation and funding for future project launches.
With strong operational performance and a visible development pipeline, Prestige Estates’ retail business continues to contribute meaningfully to its overall financial stability and recurring revenue base.
Also Read: Prestige Estates Achieves Record Residential Sales of ₹22,300 Crore in 9 Months FY26
