Embassy REIT Declares Highest-Ever Quarterly Distribution of Rs 7.07 Per Unit
Bengaluru, October 29, 2026: Embassy Office Parks REIT declared a record quarterly distribution of Rs 670 crore or Rs 7.07 per unit for the second quarter ended September 30, 2026, representing a 9% year-on-year growth, according to a press release issued by the company. The record date for the Q2 FY2027 distribution has been fixed as October 31, 2026, with payment scheduled on or before November 6, 2026.
During the quarter, the entity leased 1.5 million square feet (msf) of office space, supported by Global Capability Centres (GCCs) which accounted for 85% of total demand. This included a 0.5 msf full-building pre-lease at Embassy TechVillage in Bengaluru signed at a 15% premium to prevailing market rents. Revenue from operations increased 16% year-on-year to Rs 1,303 crore, while Net Operating Income (NOI) rose 15% to Rs 1,069 crore.
On the capital front, the trust raised Rs 2,050 crore in debt at a blended interest rate of 7.14%, which featured a Rs 1,000 crore trust-level bank financing. Additionally, the portfolio’s Net Asset Value rose 18% year-on-year to Rs 524.74 per unit, while Gross Asset Value expanded 16% to approximately Rs 74,000 crore. Operations also expanded with the acquisition of 8,048 square feet of retail space at FIFC in Mumbai’s Bandra Kurla Complex and the delivery of a 0.6 msf office block in Chennai.
“We delivered an exceptional quarter, with 1.5 msf of leasing driven by continued GCC demand and healthy rental growth,” said Amit Shetty, Chief Executive Officer of Embassy REIT. “The pre-lease at Embassy TechVillage at a 15% premium to market rents underscores the pricing power of our world-class office campuses. We are particularly encouraged by the renewed momentum in Pune, where leasing activity contributed to a 300-basis-point improvement in occupancy during the quarter. Our robust operating performance coupled with double-digit growth in revenue and NOI, enabled us to declare our highest-ever quarterly distributions. With strong business momentum and continued progress across our portfolio, we are well-positioned to capitalise on India’s structural office demand and deliver sustained growth for all our stakeholders.”
