Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT reported strong FY2026 results with revenue up 13% YoY to ₹4,582 crores and NOI up 15% YoY to ₹3,760 crores. Distributions grew 10% to ₹2,396 crores (₹25.28 per unit). The REIT leased 6.4 msf across 86 deals at 17% higher leasing spreads, with GCCs accounting for 60% of activity. Portfolio occupancy improved 300 bps to 94% by value. GAV rose 15% to ₹70,540 crores and NAV increased 16% to ₹491.62 per unit. Management raised ₹11,200 crores including first-ever 10-year NCDs in India's REIT market, reducing debt cost by 65 bps to 7.25%. For FY2027, guidance projects 10% distribution growth (₹27-₹28.60/unit) and 13% NOI growth.
Strong performance with double-digit growth across all key metrics. FY2027 guidance for continued double-digit growth in distributions and NOI is positive for unitholders. Improved capital position and reduced debt costs support future growth initiatives.