 "Embassy Office Parks")
Embassy Office Parks REIT on Thursday reported a 15 per cent increase in its net operating income to ₹871.8 crore in the first quarter of this fiscal.
Its net operating income stood at ₹757.5 crore in the year-ago period.
The company will distribute ₹549.8 crore to unitholders for the April-June quarter, an increase of 4 per cent from the same quarter of the preceding year, according to a regulatory filing.
During the June quarter, the company leased 2 million sq ft area, up 9 per cent annually. This included around 1 million sq ft of new leases, 3,60,000 square feet of renewals and 6,65,000 sq ft of pre-leases.
The board also accepted the resignation of Ritwik Bhattacharjee as the Chief Executive Officer (Interim). He will continue as a Senior Advisor to Embassy REIT.
It approved the appointment of Amit Shetty as the Chief Executive Officer with effect from August 1, 2025.
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