Embassy REIT Reports Record Leasing and Revenue Growth in Q1 FY2026
Embassy REIT, India's foremost office REIT, announced remarkable growth for Q1 FY2026. The trust leased 2.0 msf across 25 deals, saw revenue climb by 13% to Rs. 1,060 crores, and raised Rs. 4,225 crores of debt. With strong pre-leasing in Chennai and debt investments, their future growth is well-positioned.
Embassy REIT has announced an impressive start to financial year 2026, showcasing growth in both leasing and revenue sectors. The report for Q1 FY2026 indicates the leasing of 2.0 million square feet across 25 deals, achieving the highest ever first-quarter leasing figures.
Revenue for the period surged by 13% year-on-year to reach Rs. 1,060 crores, accompanied by a 15% increase in Net Operating Income. Among significant achievements, the REIT initiated binding documents for the divestment of Embassy Manyata in Bengaluru and secured Rs. 4,225 crores of debt at preferential rates.
With occupancy surpassing 90% across most assets, the REIT's strategic moves, particularly in Chennai's robust pre-leasing activity, are expected to bolster continued success. These results reflect Embassy REIT's advantageous market positioning and strategic capital development plans.
(With inputs from agencies.)
Google News