BSEGeneral28 Oct 2026 · 28 Oct 2026, 05:20 pm
Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Embassy Office Parks REIT · 542602
✦ AI Summary▲ PositiveResults
Embassy Office Parks REIT has declared its highest-ever quarterly distribution of ₹7.07 per unit, with revenue growing 16% YoY to ₹1,303 crores and Net Operating Income rising 15% YoY to ₹1,069 crores.
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Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Embassy Office Parks REIT - 542602 - Reg 23(5)(i): Disclosure of material issue
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October 28, 2026
To, To,
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai − 400051 Dalal Street, Mumbai – 400001
Re: Scrip Symbol “EMBASSY”, Scrip Code 542602 and Scrip Codes 973910, 975051, 976042, 976240,
976699, 976700, 976864, 976946, 977606, 977901 and 978208 (NCDs) and Scrip Codes 731343, 731468,
731469 and 732282 (CPs).
Dear Sir/ Madam,
Subject: Press Release, Earnings Presentation, Supplemental Operating and Financial Databook of
Embassy Office Parks REIT.
In continuation to our intimation dated October 28, 2026, regarding the outcome of the Board Meeting of
Embassy Office Parks Management Services Private Limited, Manager to Embassy Office Parks REIT
(“Embassy REIT”) held on October 28, 2026, please see enclosed the:
1. Press Release as Appendix I; and
2. Earnings Presentation and Supplemental Operating and Financial Databook for quarter and half- year
ended September 30, 2026, comprising of the Business and Financial Results of Embassy REIT as
Appendix II and Appendix III, respectively.
Thanking you,
For and on behalf of Embassy Office Parks REIT acting through its Manager, Embassy Office Parks
Management Services Private Limited
Vinitha Menon
Head - Company Secretary and Compliance Officer
A25036
Encl: As above
Embassy Office Parks Management Services Private Limited (acting as the Manager to Embassy Office Parks REIT)
Registered Office: 12th Floor, Pinnacle Tower, Embassy One, 8, Bellary Road, Ganganagar, Bengaluru, Karnataka, India – 560 032
T: (080) 69354864 E: secretarial@embassyofficeparks.com CIN: U70100KA2014PTC073362
Website of Embassy Office Parks REIT: www.embassyofficeparks.com
Appendix I
Embassy REIT Declares Highest-Ever Quarterly Distribution of ₹7.07 per Unit;
Leases 1.5 Million Square Feet in Q2 FY2027
Leases 1.5 msf during the quarter, including a landmark 0.5 msf full-building pre-lease in Bengaluru at a 15%
premium to market rents
Declares record quarterly distributions of ₹670 crores or ₹7.07 per unit, up 9% YoY
Revenue grows 16% YoY to ₹1,303 crores and Net Operating Income rises 15% YoY to ₹1,069 crores
Portfolio Net Asset Value increases 18% YoY to ₹524.74 per unit
Acquires 8,048 sq. ft. of fully leased retail space at FIFC in Mumbai’s BKC, further strengthening ownership
in this flagship asset
Bengaluru, India, October 28th, 2026
Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest
office REIT in Asia by area, reported results today for the second quarter ended September 30, 2026.
Amit Shetty, Chief Executive Officer of Embassy REIT, said,
“We delivered an exceptional quarter, with 1.5 msf of leasing driven by continued GCC demand and healthy rental growth.
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.”
The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy
REIT, at its Board Meeting held earlier today, declared a distribution of ₹670 crores or ₹7.07 per unit for Q2 FY2027. The
record date for the Q2 FY2027 distribution is October 31, 2026, and the distribution will be paid on or before November 06,
2026.
Business Highlights
Leased 1.5 msf during the quarter, with GCCs driving 85% of leasing demand; new leases of 0.9 msf signed at an
average 9% premium to market rents
Pre-leased an entire 0.5 msf building at Embassy TechVillage in Bengaluru to a global engineering company at a
15% premium to current market rents
Leased 0.2 msf across three Pune assets, contributing approximately 25% of new leasing during the quarter
Portfolio occupancy at 93% by value with Bengaluru, Chennai and Noida at 94% and Mumbai at 100%
Financial Highlights
Grew Revenue from Operations by 16% YoY to ₹1,303 crores and Net Operating Income (NOI) by 15% YoY to
₹1,069 crores
Delivered the highest-ever quarterly distributions of ₹670 crores or ₹7.07 per unit, representing 9% YoY growth
Raised ₹2,050 crores of debt at a blended interest rate of 7.14%, including a first-of-its-kind ₹1,000 crore financing
-the first bank financing to an Indian REIT at the trust level under RBI’s new lending framework
Gross Asset Value (GAV) increased 16% YoY to ~₹74,000 crores, while Net Asset Value (NAV) rose 18% YoY to
₹524.74 per unit, supported by higher market rents, new building additions and favorable valuation assumptions
Operational & Growth Highlights
Delivered a 0.6 msf office block at Embassy Splendid TechZone in Chennai, fully committed to a leading US GCC;
current development pipeline of 5.6 msf in Bengaluru and Chennai
Hotel revenue grew 22% YoY in Q2, with a 10% increase in average daily rates (ADR). The newly opened Hilton
Garden Inn at Embassy TechVillage achieved operating cash break-even within the first quarter of launch
Completed the acquisition of 8,048 sq. ft. of fully leased retail space at FIFC in Mumbai's BKC, further consolidating
ownership in this flagship asset
Included in the Nifty 500 and Nifty Midcap 150, becoming the only REIT in the latter, alongside other key NSE
indices, marking a significant milestone in enhancing investor access to India’s growing REIT market
Investor Materials and Quarterly Investor Call Details
Embassy REIT has released a package of information on the quarterly results and performance, that includes (i) standalone
and consolidated financial results for the quarter and half-year ended September 30, 2026 (ii) an earnings presentation
covering Q2 FY2027 results and, (iii) supplemental operating and financial data book that conforms with leading reporting
practices across global REITs. All these materials are available in the Investors section of our website at
www.embassyofficeparks.com.
Embassy REIT will host a conference call on October 29, 2026 at 08:30 hours Indian Standard Time to discuss the Q2
FY2027 results. A replay of the call will be available in the Investors section of our website at www.embassyofficeparks.com.
About Embassy REIT
Embassy REIT is India’s first publicly listed Real Estate Investment Trust and the largest office REIT in Asia, by area.
Embassy REIT owns and operates a portfolio of ~53 million square feet of world-class office spaces across India’s key
gateway markets, including Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai. The portfolio
comprises 14 premium office ecosystems, including large, integrated office parks and city-centre office assets, and is home
to 281 leading global and domestic corporations. In addition to office assets, the portfolio includes strategic amenities such
as five operational business hotels, two hotels under development, and a 100 MW solar park that supplies renewable energy
to tenants. Embassy REIT’s industry-leading ESG programme has received multiple accolades from globally recognised
institutions, including GRESB, USGBC LEED, the British Safety Council, among others. Embassy REIT also achieved a
significant milestone with its inclusion in the Nifty 500 and Nifty Midcap 150, becoming the only REIT in the Nifty Midcap 150,
alongside other key NSE indices. For more information, please visit www.embassyofficeparks.com.
Disclaimer
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