Embassy Reit

Nuvama reiterates 'Buy' on Embassy REIT; here's why growth looks strong

Parvez Qazi and Vasudev Ganatra, research analysts at Nuvama, expect Embassy REIT to clock a DPU compound annual growth rate (CAGR) of 13 per cent over FY25-28E on the back of strong office demand

Embassy REIT signs deal to acquire Bengaluru office space for ₹852 crore

Embassy Office Parks REIT will buy a fully leased 0.3 million sq ft office asset at Embassy GolfLinks, Bengaluru, for Rs 852 crore. The deal is seen as accretive to DPU and NOI

Embassy Developments to launch 6 residential projects valued at ₹10,300 cr

The developer plans six residential launches and a ₹5,000 crore pre-sales target as demand stays strong in the city's northern market

Embassy REIT profit drops 84% in Q2FY26 even as revenue rises 13%

Embassy REIT leased 1.5 million sq ft of office space across 20 deals in Q2FY26, including 1 msf of new leases, 0.4 msf of renewals, and 64,000 sq ft of pre-leases in Chennai, driving occupancy to 93%

Embassy Reit Q1 net income rises 15% to ₹871.8 crore, payout up 4%

Embassy Office Parks REIT on Thursday reported a 15 per cent increase in its net operating income to Rs 871.8 crore in the first quarter of this fiscal. Its net operating income stood at Rs 757.5 crore in the year-ago period. The company will distribute Rs 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.

Embassy REIT raises ₹2,000 crore through non-convertible debenture

The proceeds from the 10-year NCD issue will be used for refinancing debt, resulting in interest savings

Embassy Reit plans to tap debt market with ₹2,000 crore bond sale

The real estate investment trust will look to close the funding round before the end of this month

Embassy REIT raises ₹1,550 crore through NCDs and term loan facilities

Embassy REIT secures ₹1,550 crore through a mix of NCDs and a term loan, achieving an annual interest saving of 113 basis points through refinancing of existing debt

Embassy REIT secures ₹1,550 cr via NCDs, loans to refinance existing debt

Embassy Office Parks REIT has successfully raised Rs 1,550 crore through the issue of debentures and term loans to refinance its existing debt and save interest costs. In a regulatory filing on Monday, the company said it has "raised Rs 1,550 crore through a combination of Non-Convertible Debentures (NCDs) and term-loan facilities". "The proceeds will be used to refinance certain existing debt, resulting in annual interest savings of approximately 113 basis points (bps)," it added. The fundraise comprises Rs 750 crore through NCDs, priced at a coupon of 6.97 per cent, and a Rs 800 crore term-loan from a leading bank that is priced at a floating interest rate of 7.40 per cent over a 15-year tenor. Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, "This refinancing continues to support our strategy of optimally managing our balance sheet and positions us well to finance our future growth initiatives." Embassy REIT owns and operates a 51.1 million square feet portf

Embassy Office Parks REIT raises Rs 2K cr via debt issuance at 7.21%

Debt raised for three-year tenor to refinance existing obligations, saving 77 basis points; REIT targets FY26 growth with Rs 24.5-26 distributions per unit

Embassy Reit raises Rs 2,000 crore debt to refinance existing loans

Embassy Office Parks REIT has raised Rs 2,000 crore debt to refinance its existing borrowings and save interest cost. In a regulatory filing on Tuesday, Embassy REIT informed that the company has raised Rs 2,000 crore of coupon-bearing debt at an interest rate of 7.21 per cent for a 3-year tenure. The proceeds will be used to refinance certain existing debt and will save around 77 basis points (bps) in interest costs compared to the current rate, the company said. Embassy REIT said it witnessed a robust demand from institutional investors with 11 different investors participating in the issue of NCDs (Non-Convertible Debentures). Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, " This transaction showcases Embassy REIT's fortress balance sheet and reinforces our standing as the leading credit in India's commercial real estate sector. We maintain a well-diversified and conservative debt book, and this refinancing positions us well to capitalise on future growth .

Embassy Reit's Q4 FY25 NOI grows 17% amid robust leasing, rent escalations

This surge was fuelled by strong office demand within the Reit's key gateway markets, coupled with healthy leasing activity and rent escalations

Embassy REIT Q4 results: Net income up 17% to ₹892 cr, calls ₹538 cr payout

Embassy Office Parks REIT on Tuesday reported a 17 per cent increase in its net operating income to Rs 892.3 crore and declared a distribution of Rs 538.4 crore to unitholders for the quarter ended March. Its net operating income (NOI) stood at Rs 765.6 crore in the year-ago period. The company declared distributions of Rs 538.40 crore or Rs 5.68 per unit for the quarter ended March 31, 2025, to unitholders in the form of dividend and other income. The NOI for the 2024-25 fiscal rose 10 per cent to Rs 3,283.5 crore from Rs 2,981.9 crore in the preceding year. The distributions for the 2024-25 amount to Rs 2,181.1 crore or Rs 23.01 per unit. "In FY25, we leased 6.6 million square feet, delivered 2.5 million square feet of new development and acquired a 5 million square feet of high-quality asset," Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said. He said the company increased distributions by 8 per cent this fiscal and has given guidance of double-digit distribu

Embassy REIT Q3 results: NOI rises 9.1% amid strong office demand

The REIT declared a distribution of Rs 559 crore, or Rs 5.90 per unit, for Q3 FY2025

Embassy REIT raises Rs 1,000 cr through debentures to repay existing loans

Embassy Office Parks REIT has raised Rs 1,000 crore through issue of Non-convertible Debentures (NCDs) to repay its outstanding loan. In a regulatory filing on Tuesday, Embassy REIT said it has raised Rs 1,000 crore through five-year coupon-bearing debt at an interest rate of 7.73 per cent. Embassy REIT will utilise the proceeds from this debt raise to repay its certain existing debt. Through this refinance, Embassy REIT will be able to secure around 70 basis points of interest savings from the existing rate. Ritwik Bhattacharjee, Interim Chief Executive Officer, Embassy REIT, said, the company has raised this amount at a highly competitive rate. "Raising a 5-year NCD allows us to optimally stagger our liability profile and ensure we continue to finance our growth and the rollover of debt maturities prudently," he said. Embassy REIT is India's first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 51.1 million square feet portfolio of 14 office park

Embassy REIT CEO Aravind Maiya resigns following Sebi suspension directive

Aravind Maiya has resigned as CEO of Embassy REIT effective immediately, following Sebi's directive for his suspension due to a debarment for professional misconduct by NFRA

Embassy REIT declines 3% as CEO Aravind Maiya resigns post Sebi's order

Aravind Maiya's departure follows a directive from the Sebi to suspend him in an interim capacity

Embassy Reit Q2 revenue jumps 12% to Rs 997 crore, beats estimates

The total comprehensive income attributable to the unitholders stood at Rs 1,530.4 crore in comparison with the income of Rs 216.7 crore in Q2 FY24

Embassy Reit leases 800k sq ft space to Commonwealth Bank of Australia

Embassy Office Parks REIT has signed an agreement to provide on lease 8 lakh square feet prime office space in Bengaluru to global banking major Commonwealth Bank of Australia, with an option to expand leasable area further by 6 lakh square feet. In a regulatory filing, Embassy REIT informed that the company has signed an Agreement to Lease (ATL) with the Commonwealth Bank of Australia (CBA) for a premium office campus of approximately 0.8 million square feet along with an expansion option of an additional 0.6 million square feet at 'Embassy Manyata' project, one of Asia's largest and India's most prominent business parks. The new space is being designed as a comprehensive built-to-suit solution, and Embassy REIT expects to deliver the facility, including fit-outs in the fourth quarter of the calendar year 2026. Embassy has been home to CBA for 4 years, and we are delighted to extend our long-standing partnership with one of the world's leading financial institutions," Jitu Virwani,

Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr

Embassy Office Parks REIT on Thursday reported a 3 per cent increase in its net operating income to Rs 757.5 crore in the June 2024 quarter and announced distribution of Rs 530.8 crore to unitholders. The net operating income (NOI) stood at Rs 737.6 crore in the year-ago period. The board of directors of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, at its board meeting, declared a distribution of Rs 531 crore or Rs 5.60 per unit for the first quarter of 2024-25. "We are delighted to report another excellent quarter of strong leasing across our portfolio. We leased 1.9 million square feet this quarter, marking a 70 per cent YoY (year-on-year) increase, and we have a strong pipeline across Bengaluru, Noida and Chennai," Aravind Maiya, Chief Executive Officer of Embassy REIT, said. The company has strengthened its partnership with one of its largest occupiers through a new redevelopment project at Embassy Manyata in Bengaluru, he said. "Our distributions