Embassy REIT’s net operating income rises 15% amid strong leasing momentum
Embassy REIT leased 1.5 million sq. ft. to marquee tenants, taking occupancy to 93%
Embassy REIT has posted 15 per cent year-on-year (YoY) growth in its net operating income (NOI) to ₹927 crores. Revenue from operations grew 13 per cent YoY to ₹1,124 crore.
Quarterly distributions reached ₹617 crores or ₹6.51 per unit, marking a 12 per cent YoY increase.
The company delivered 0.9 million square feet (msf) of new development in Bengaluru during the quarter. It leased 1.5 msf to marquee tenants, pushing occupancy to 93 per cent. Embassy REIT is actively evaluating multiple acquisition opportunities from both third parties and the Embassy Group.
Commenting on the performance, Amit Shetty, Chief Executive Officer of Embassy REIT, said, “We leased 1.5 msf this quarter to marquee names, occupancy climbed to 93 per cent, 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 company is launching two msf of new development in Chennai, bringing the total development pipeline to 7.2 msf. The pipeline is 42 per cent pre-leased (including expansion options), offering attractive yields on cost. The hospitality portfolio’s EBITDA rose 12 per cent YoY, driven by a 16 per cent increase in Average Daily Rates (ADRs) across operating hotels.
Published on November 5, 2025
