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flag Embassy REIT saw revenue and NOI rise 17% and 19% YoY, with strong leasing and occupancy, and boosted distributions by 10%.

flag 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. flag 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. flag It raised Rs 400 crore via commercial paper and reduced its debt cost.

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