Embassy Office Parks REIT reports 12% Q2 FY25 net income rise, 90% occupancy, 6.5M sq ft leasing guidance.
Embassy Office Parks REIT reported a 12% rise in net operating income and revenue for Q2 FY25, driven by 2.1 million square feet of leases. This prompted an increase in its leasing guidance from 5.6 to 6.5 million square feet. Occupancy levels reached 90% by value and 87% by area. The REIT declared a quarterly distribution of ₹5.83 per unit and raised ₹2,000 crore in debt for refinancing, while its gross asset value rose by 12% year-over-year.
October 24, 2024
8 Articles