Embassy REIT Achieves Record Growth with Strong Leasing Performance

Embassy REIT, India's first listed REIT and Asia's largest office REIT by area, reported record growth in revenue and net operating income for Q3 FY2025. Driven by strong GCC demand, leasing activity reached new heights. The company distributed Rs. 559 crores, marking a 13% YoY increase, and achieved major leasing milestones across key markets.

Embassy Office Parks REIT, India's pioneering publicly listed real estate investment trust, has achieved substantial growth in the third quarter of FY2025. The company reported revenue and net operating income reaching new highs, with quarterly figures of Rs. 1,022 crores and Rs. 829 crores, respectively. This surge in financial performance comes against a backdrop of strong demand in gateway markets, notably from Global Capability Centers (GCCs).

The REIT has announced a record quarterly distribution of Rs. 559 crores, reflecting a year-on-year increase of 13%, and emphasized its strategic positioning to capitalize on leasing opportunities in the dynamic Indian office space market. With a robust development pipeline in Bengaluru and Chennai, and a continued focus on its ESG programs, Embassy REIT is set for sustained growth.

Embassy REIT's portfolio boasts a mix of prime real estate, including significant office parks and business hotels. The trust has made notable strides in operational performance, with major leasing deals and expansions in key markets. This places it at the forefront of the industry's evolution, particularly with its inclusion in global sustainability indices like the Dow Jones Sustainability Indices.

(With inputs from agencies.)