Embassy Office Parks REIT reported a stellar second quarter for FY2026, achieving its highest-ever quarterly distribution of ₹617 crore—up 12% year-on-year—alongside robust operational performance and strong leasing traction. The REIT leased 1.5 million sq. ft. across marquee occupiers, driving portfolio occupancy to 93%, while revenue from operations rose 13% YoY to ₹1,124 crore. Backed by resilient demand in Bengaluru and Chennai and successful capital raises, Embassy REIT reaffirmed its position as India’s leading office platform and Asia’s largest REIT by area.

Amit Shetty, Chief Executive Officer of Embassy REIT, said, “We are pleased to report an outstanding quarter across our business – from strong leasing momentum to record distributions. We leased 1.5 msf this quarter to marquee names, occupancy climbed to 93%, and we delivered our highest quarterly distributions since listing. As we scale our development pipeline and evaluate further growth opportunities, we remain steadfast in our commitment to build enduring value 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 ₹617 crores or ₹6.51 per unit for Q2 FY2026. The record date for the Q2 FY2026 distribution is November 08, 2025, and the distribution will be paid on or before November 14, 2025.

Business Highlights

Leased 1.5 msf across 20 deals during the quarter, including ~1.0 million square feet of new leases, 0.4 million square feet of renewals, and ~64,000 square feet of pre-leases in Chennai

Bengaluru led demand, accounting for over 85% of Q2 leases. Chennai also saw strong traction, driven by sustained GCC interest in our recently acquired asset within a key micro-market

Overall portfolio occupancy rose to 93% by value and 90% by area

Strong occupancy across markets – Bengaluru at 95% (75% of GAV), Mumbai at 100%, Chennai at 96%, and Noida at 92%

Financial Highlights

Grew Revenue from Operations by 13% YoY to ₹1,124 crores and Net Operating Income (NOI) by 15% YoY to ₹927 crores

Delivered record quarterly distributions of ₹617 crores or ₹6.51 per unit, up 12% YoY

Successfully completed India’s first-ever 10-year NCD issuance by a REIT, raising ₹2,000 crores from marquee institutional investors. Further, raised ₹400 crore via commercial paper at ~6.44% p.a., underscoring the REIT’s strong credit fundamentals

Based on independent valuation as of September ‘25, the REIT’s Gross Asset Value increased by 8% YoY to ₹63, 980 crores, and Net Asset Value by 7% to ₹445.91 per unit

Operational & Growth Highlights

Delivered 0.9 msf new development in Bengaluru, 100% leased to Fortune 500 retail major

Launching 2 msf of new development in Chennai, bringing the total development pipeline to 7.2 msf, with 42% pre-leased (including expansion options), offering attractive yields on cost

Hospitality portfolio EBITDA rose 12% YoY, driven by a 16% increase in ADRs across operating hotels

Actively evaluating multiple acquisition opportunities from both third parties and Embassy Group.