Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Crisil Ratings has reaffirmed Embassy Office Parks REIT's highest credit ratings - Crisil AAA/Stable for corporate credit and NCDs worth Rs 11,550 crore, and Crisil A1+ for Rs 2,000 crore commercial papers. The REIT's operating revenue grew 15% year-on-year to Rs 3,674 crore in the first nine months of FY2026, driven by steady rentals, contractual escalation, and new leasing. Occupancy improved to 90% as of December 2025, up from 87% a year earlier. Net operating income rose 18% to Rs 3,031 crore with a healthy NOI margin of 82%. Consolidated net debt stood at Rs 20,631 crore as of December 2025, up from Rs 19,655 crore in March 2025, to fund ongoing capital expenditure. The loan-to-value ratio remains satisfactory at 32%, and all ratings carry a stable outlook.
The reaffirmation of AAA rating signals the highest degree of safety regarding timely servicing of debt obligations. Unitholders can expect continued stability as the REIT's improving occupancy and strong financial performance support debt servicing capabilities and distribution payouts.