Embassy REIT Reports 12% NOI Surge and Rs 553 Crore Distribution

Embassy Office Parks REIT has reported a 12% increase in net operating income to Rs 804.6 crore for Q2 and announced a Rs 553 crore distribution to unitholders. With a strong leasing pipeline, the REIT revises its leasing target to 6.5 million sq ft, solidifying its corporate tenancy position.

Embassy Office Parks REIT has announced a notable 12 percent rise in net operating income, reaching Rs 804.6 crore for the second quarter of this fiscal year. The real estate giant also declared a substantial Rs 553 crore distribution for its unitholders for the July-September period.

Compared to Rs 718.9 crore recorded in the same period last year, this marks a significant income boost. "With an impressive record of 4 million square feet of leasing in the first half of 2024-25 and a strong pipeline for the remainder of the year, we are revising our leasing guidance to 6.5 million square feet," stated Aravind Maiya, CEO of Embassy REIT.

As India's first publicly listed Real Estate Investment Trust, Embassy REIT holds a diverse portfolio, including 51.1 million square feet of office parks and strategic amenities like business hotels and a solar park, underscoring its position as a preferred destination for leading global corporates.

(With inputs from agencies.)