Embassy REIT Reports Strong Earnings Amid High Demand

Embassy Office Parks REIT has reported a 9% rise in net operating income to Rs 829 crore and a 13% boost in distribution to unitholders at Rs 559 crore for the December quarter. The CEO attributes this to strong demand for office spaces in key Indian markets.

Embassy Office Parks REIT announced a notable increase in its financial metrics for the December quarter, reporting a 9% growth in net operating income totaling Rs 829 crore and a 13% jump in unitholder distribution reaching Rs 559 crore.

The company's CEO, Ritwik Bhattacharjee, highlighted the robust performance, marking a record quarter with significant absorption in demand for office spaces across key markets in India.

Additionally, Embassy REIT successfully leased 11 lakh square feet during the quarter, indicating strong leasing trends with a mix of new contracts and renewals.

(With inputs from agencies.)