Home / Companies / Results / Embassy Office Parks REIT reports rental collections of 97% in Q1FY21

Embassy Office Parks REIT reports rental collections of 97% in Q1FY21

The company said its priority remains delivering a safe workplace and business ecosystem for occupiers and their employees

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The properties remained open in full compliance with all government regulations to support the business continuity of occupiers.

ANI

2 min read Last Updated : Jul 20 2020 | 12:13 PM IST

Embassy Office Parks, India's first listed real estate investment trust (REIT) and the largest in Asia by area, said on Monday its rental collections for the first quarter (April to June) from office occupiers remained robust at 97 per cent.

The office rental collections were 98 per cent in April and May, and 95 per cent in June, it said in an operational update for Q1 FY21. There were rental increases of 14 per cent on 1.8 million square feet across 22 office leases.

The company said its priority remains delivering a safe workplace and business ecosystem for occupiers and their employees.

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