Embassy REIT Q1 FY27: Rs 5,981 mn distribution, Four Seasons exit, land deal

Board approved Q1 FY27 standalone results: PAT Rs 1,276.85 mn vs Rs 2,415.28 mn YoY; total income Rs 3,803.89 mn vs Rs 4,282.48 mn YoY. Distribution of Rs 6.31 per unit (Rs 5,981.21 mn) declared, up from Rs 5.80 YoY. Four Seasons hotel management agreement at Embassy One Bengaluru to terminate by Feb 28, 2027. Holdco MPPL approved to acquire 24 guntas of land adjoining Embassy Manyata for Rs 1.08 crore. Auditor review clean, with note on Unit Capital classification as Equity per REIT rules.