Realty firm Embassy Office Parks REIT has announced a distribution of Rs 613 crore to its unitholders for the quarter ended December, supported by improved income performance. Its revenue from operations rose 17 per cent year-on-year to Rs 1,193 crore during the October-December quarter of the current fiscal, while net operating income (NOI) increased 19 per cent to Rs 985 crore.
According to a regulatory filing on Friday, the company declared a quarterly distribution of Rs 613 crore, translating into Rs 6.47 per unit, marking a 10 per cent rise on an annual basis.
During the December quarter, Embassy REIT also raised Rs 400 crore through a commercial paper issuance at an effective interest rate of 6.44 per cent per annum.
Commenting on the performance,
Amit Shetty, chief executive officer of Embassy REIT, said it was another strong quarter for the company, driven by sustained leasing momentum, robust global capability centre (GCC) demand across its gateway markets, and disciplined financial execution.
“We delivered 4.6 million square feet of leasing year-to-date (April–December 2025), reported our highest-ever Revenue and NOI, announced our first third-party acquisition and continued to enhance distributions for our unitholders,” he said.
Shetty added that the company remains focused on acquiring high-quality, income-accretive assets that strengthen the portfolio and create long-term value.
Embassy Office Parks REIT owns and operates a portfolio of more than 50 million square feet of office space across major Indian markets, including Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai.
On Friday (February 6), the Reserve Bank of India has announced to ease financing conditions for the real estate sector by allowing banks to lend directly to Real Estate Investment Trusts (REITs), subject to prudential safeguards. Along with FM’s announcement in the Budget 2026 on CPSE assets under the REIT structure and their recent reclassification as ‘equity-related’, this asset class is expected to witness high growth in the coming months.
