Quarterly Updates27 Apr 2026, 06:14 pm
Embassy REIT: FY26 NOI Up 15%, Distributes ₹25.28/Unit
AI Summary
Embassy Office Parks REIT reported strong FY2026 results, with net operating income up 15% YoY to ₹3,760 crores and distributions of ₹25.28 per unit, a 10% increase YoY. The REIT leased 6.4 msf, grew revenue by 13% to ₹4,582 crores, and delivered a record 3.3 msf of new office developments. Portfolio valuation increased by 15% to ₹70,540 crores. For FY2027, Embassy REIT guides for double-digit growth in distributions and NOI, with distributions projected in the range of ₹27.00 to ₹28.60 per unit.
Key Highlights
- Embassy REIT leases 6.4 msf in FY26, with 17% higher leasing spreads.
- FY26 revenue up 13% YoY to ₹4,582 crores, NOI up 15% to ₹3,760 crores.
- FY26 distributions at ₹2,396 crores (₹25.28 per unit), up 10% YoY.
- Portfolio GAV up 15% YoY to ₹70,540 crores, NAV up 16% to ₹491.62 per unit.
- FY27 distribution guidance: ₹27.00-₹28.60 per unit, 10% YoY growth.