Embassy Office Parks REIT declared a distribution of ₹616 crore, or ₹6.50 per unit, for the March quarter of FY2026.
Total distributions for the year reached ₹2,396 crore, equivalent to ₹25.28 per unit. Revenue for FY2026 stood at ₹4,582 crore, up 13% from the previous year, while net operating income rose 15% to ₹3,760 crore.
Leasing activity during the year totalled 6.4 million square feet across 86 deals. Of this, 4 million square feet came from new leases, 1.5 million square feet from renewals, and 0.9 million square feet from pre-leasing.
Leasing spreads were reported at 17% above earlier levels. Global Capability Centres accounted for 60% of leasing, with demand largely from technology, healthcare and BFSI companies.
Portfolio occupancy increased by 300 basis points to 94% over the year. Chennai recorded higher leasing volumes, including a 0.65 million square feet transaction with a US-based GCC.
Bengaluru continued to account for a significant share of leasing activity and new completions.
The REIT delivered 3.3 million square feet of new office space across Bengaluru and Chennai in FY2026. It has a development pipeline of 6.2 million square feet, with an estimated capital outlay of ₹3,500 crore.
This pipeline is expected to generate around ₹610 crore in stabilised net operating income by FY2030.
During the year, the trust raised ₹11,200 crore, including ₹3,400 crore through issuance of 10-year non-convertible debentures. The average cost of debt declined by 65 basis points to 7.25%.
The REIT is also evaluating acquisition opportunities totalling 12.6 million square feet from sponsor and third-party assets.
The hotel portfolio reported an occupancy of 63% for the year, with an 8% increase in average daily rates.
A 518-key dual-branded Hilton project is under development at Embassy TechVillage. Within this, a 211-key Hilton Garden Inn is expected to open in July 2026.
As of April 28, 2026, 1:23 pm, Embassy Office Parks REIT share price was trading at ₹427.50, a 1.22% decrease from the previous closing price.
FY2026 performance was supported by higher leasing, improved occupancy and additions to office space, leading to growth in income and distributions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 28, 2026, 2:45 PM IST
Team Angel One
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