Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr

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Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr - Business Standard

Quick Summary:

"We are delighted to report another excellent quarter of strong leasing across our portfolio.We leased 1.9 million square feet this quarter, marking a 70 per cent YoY (year-on-year) increase, and we have a strong pipeline across Bengaluru, Noida and Chennai," Aravind Maiya, Chief Executive Officer of Embassy REIT, said.

Embassy Office Parks REIT on Thursday reported a 3 per cent increase in its net operating income to Rs 757.5 crore in the June 2024 quarter and announced distribution of Rs 530.8 crore to unitholders.

The board of directors of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, at its board meeting, declared a distribution of Rs 531 crore or Rs 5.60 per unit for the first quarter of 2024-25.