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Embassy REIT saw revenue and NOI rise 17% and 19% YoY, with strong leasing and occupancy, and boosted distributions by 10%.
Embassy REIT reported a 17% year-on-year revenue rise to Rs 1,193 crore and a 19% increase in net operating income to Rs 985 crore for the December quarter, with leasing activity of 1.1 million square feet and 94% portfolio occupancy.
The company declared a Rs 613 crore distribution, a 10% annual increase, and is evaluating the acquisition of a 0.4 million square foot prime office asset in Bengaluru.
It raised Rs 400 crore via commercial paper and reduced its debt cost.
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Embassy REIT vio los ingresos y NOI aumentar un 17% y un 19% interanual, con un fuerte arrendamiento y ocupación, e impulsó las distribuciones en un 10%.