Realty firm Embassy Office Parks REIT announced a distribution of ₹616 crore to unitholders for the March quarter, thereby taking the total distribution to ₹2,396 crore for the full fiscal year.
In a regulatory filing, the company stated that it plans to raise up to ₹9,000 crore in debt to support its financial strategy and growth initiatives. Meanwhile, Embassy REIT leased 6.4 million square feet during FY26 across 86 deals, including 4 million square feet of new leasing, 1.5 million square feet of renewals, and 0.9 million square feet of pre-leases, highlighting strong demand in the commercial real estate sector.
Furthermore, during the last fiscal year, Embassy REIT reported a 13% year-on-year (YoY) increase in revenue from operations to ₹4,582 crore, while net operating income (NOI) grew 15% to ₹3,760 crore, reflecting robust operational performance.
Amit Shetty, Chief Executive Officer of Embassy REIT, said, “FY26 was another exceptional year for Embassy REIT. We delivered 6.4 million sq ft of leasing and double-digit growth across revenue, NOI, and distributions, driven by strong GCC-led demand, with Chennai emerging as a key growth driver.”
Additionally, the company delivered a record 3.3 million square feet of new office space, scaled its redevelopment initiatives, and strengthened its balance sheet through efficient capital-raising strategies.
“We are guiding for double-digit growth in both distributions and NOI again in FY27 and remain well-positioned to deliver sustained long-term value for our unitholders,” Shetty said.
Moreover, the company’s board approved a proposal to raise debt of up to ₹9,000 crore through various permissible modes, including refinancing existing debt, in accordance with applicable regulations.
Embassy REIT currently owns and operates a portfolio of over 50 million square feet of office space across major Indian cities, including Bengaluru, Mumbai, Pune, the National Capital Region, and Chennai, thereby reinforcing its position as one of India’s leading commercial real estate investment platforms.
Embassy REIT’s strong FY26 performance, consistent distributions, and strategic debt plans underscore its growth trajectory and resilience in India’s commercial real estate market. Backed by sustained leasing demand and expansion across key metro cities, the company remains well-positioned to deliver long-term value for investors and stakeholders.
