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Embassy REIT Grows Distributions by 13% YoY and Delivers Highest-Ever Quarterly Revenues and NOI for 3Q FY2025
Wednesday, January 29, 2025 7:34PM IST (2:04PM GMT)
Bengaluru, Karnataka, India:
Leases 1.1 msf in Q3 and 5.0 msf YTD FY2025; On track to achieve FY2025 guidance
GCC demand continues to dominate, accounting for ~70% of leasing activity
Grows Revenue and Net Operating Income by 9% YoY to a quarterly record of Rs. 1,022 crores and Rs. 829 crores, respectively
Delivers a quarterly record of Rs. 559 crores in gross distributions, up 13% YoY
Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the third quarter ended December 31, 2024.
Ritwik Bhattacharjee, Chief Executive Officer* of Embassy REIT, said,
"We are delighted to report another strong qua...