Quarterly Result28 Oct 2026, 05:31 pm
Embassy REIT Declares ₹7.07/Unit Distribution, Leases 1.5 Msf
AI Summary
Embassy Office Parks REIT (Embassy REIT) announced its Q2 FY2027 results, reporting its highest-ever quarterly distribution of ₹670 crores or ₹7.07 per unit, a 9% year-on-year increase. The REIT leased 1.5 million square feet during the quarter, including a significant 0.5 msf pre-lease at a 15% premium. Revenue grew 16% YoY to ₹1,303 crores, and Net Operating Income (NOI) rose 15% YoY to ₹1,069 crores. The company also acquired 8,048 sq. ft. of fully leased retail space at FIFC in Mumbai. Embassy REIT raised ₹2,050 crores of debt, including a novel ₹1,000 crore financing under RBI's new framework. Portfolio Net Asset Value increased 18% YoY to ₹524.74 per unit.
Key Highlights
- Highest-ever quarterly distribution of ₹7.07 per unit declared.
- Leased 1.5 msf, including a 0.5 msf pre-lease at a 15% premium.
- Revenue up 16% YoY to ₹1,303 crores; NOI up 15% YoY to ₹1,069 crores.
- Acquired 8,048 sq. ft. retail space at FIFC, Mumbai.
- Raised ₹2,050 crores debt, including a first-of-its-kind trust-level financing.
Price Impact
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