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Embassy Office Parks REIT has announced a distribution of INR 616 crore to unitholders for the March quarter, taking its total payout for FY26 to INR 2,396 crore. The company also disclosed plans to raise up to INR 9,000 crore through debt instruments. During the financial year, it recorded 6.4 million sq ft of leasing activity across 86 deals, supported by demand from global capability centres. Revenue from operations rose 13 per cent year-on-year to INR 4,582 crore, while net operating income increased 15 per cent. The REIT continues to expand its portfolio and strengthen its capital structure across key office markets.
Embassy Office Parks REIT reported a distribution of INR 616 crore to its unitholders for the fourth quarter ended recently, taking the total distribution for the financial year to INR 2,396 crore, alongside growth in leasing activity and operational performance. Advertisement
The company also announced plans to raise up to INR 9,000 crore through debt instruments, subject to regulatory provisions, with the proceeds expected to be utilised for purposes including refinancing of existing borrowings and other permitted uses.
During the financial year, the REIT recorded leasing of 6.4 million sq ft across 86 transactions. This included 4 million sq ft of fresh leasing, 1.5 million sq ft of renewals, and 0.9 million sq ft of pre-leasing activity, indicating sustained occupier demand across its portfolio.
Revenue from operations for the year increased by 13 per cent year-on-year to INR 4,582 crore, while net operating income rose by 15 per cent to INR 3,760 crore. The company also delivered 3.3 million sq ft of new office space during the period and undertook redevelopment initiatives within its existing portfolio.
According to Amit Shetty, the company recorded strong performance across key metrics, including leasing volumes, revenue growth, and distributions, supported by demand from global capability centres. He indicated that Chennai emerged as a key growth market during the year, contributing to leasing momentum.
He further stated that the company expects to maintain double-digit growth in both distributions and net operating income in the upcoming financial year, supported by its leasing pipeline and operational strategy.
The REIT has also focused on strengthening its balance sheet through capital management initiatives, including planned debt raising to optimise its financing structure. The proposed debt raise is expected to provide flexibility for refinancing and funding requirements.
Embassy Office Parks REIT owns and operates a portfolio of more than 50 million sq ft of office space across major markets including Bengaluru, Mumbai, Pune, National Capital Region, and Chennai. The portfolio continues to benefit from demand for Grade A office assets, particularly from multinational occupiers and technology-driven sectors.
The company’s performance reflects ongoing demand for office space across key markets, alongside continued capital deployment and asset management initiatives within the REIT structure.
Source - PTI
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