Embassy REIT Q1 FY27: Revenue & NOI Up 17%, DPU Up 9%

Embassy Office Parks REIT reported a strong start to FY2027 with Q1 financial results showing a 17% year-on-year growth in revenue and Net Operating Income (NOI). Distribution Per Unit (DPU) increased by 9% YoY. The REIT leased 1.3 million square feet (msf) across 17 deals, adding 10 new occupiers, many of whom are global enterprises in the AI ecosystem. Existing GCC tenants also expanded, contributing significantly to leasing. The company highlighted strong leasing spreads, with new leases signed at an 8% premium to market rents, and flagship asset Embassy Manyata achieving a 20% premium. Portfolio occupancy remained robust at 90%. A new block at Embassy Splendid TechZone in Chennai was completed.