Embassy Office Parks REIT has informed the Exchange regarding Annual report for FY ended 2024-25
Awaiting price reaction for this filing.
Embassy Office Parks REIT has submitted its FY2024-25 annual report to the exchanges, along with the notice for its 7th Annual Meeting of Unitholders scheduled for July 2, 2025, and a detailed property valuation report dated June 5, 2025. Revenue from operations grew 10% year-on-year to ₹40,389 million and Net Operating Income also rose 10% to ₹32,835 million. Total distributions increased 8% to ₹21,811 million — the first distribution growth since listing in 2019. The REIT leased 6.6 million sq ft across 98 deals (61% driven by Global Capability Centers), maintained 87% occupancy on its 51.1 msf portfolio, and refinanced roughly ₹6,300 crore of debt at a 7.98% average cost. Gross Asset Value rose 10% to ₹611,632 crore and NAV per unit grew 5% to ₹423.22, with management guiding to double-digit growth in revenue, NOI and distributions for FY2026.
Positive for unitholders — the first distribution growth since listing signals an operational turnaround backed by strong GCC-driven leasing and a healthy balance sheet (32% net debt-to-GAV, ₹100 billion debt headroom). FY2026 guidance for double-digit revenue and distribution growth is supportive of unit price stability.