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Earnings Call

Embassy Office Parks REIT Earnings Call: Key Takeaways

Embassy REIT delivered a strong FY26 with record 3.3 msf deliveries and 17% leasing spreads, masking a slight divergence between NOI and DPU growth due to higher interest costs.

Highlights
Revenue growthAnnual revenue grew 13% YoY to ₹4,582 crores.
MarginsNOI margins stable; interest costs rising, impacting net distribution margins.
Demand visibilityStrong; 20 msf total market demand with 75% focused in Bangalore.
Management confidenceConfident but cautious regarding interest rate volatility and DPU lag.

Growth

Double-digit growth across metrics; revenue up 13%, NOI up 15%, and NAV up 16% YoY.

Outlook

FY27 guidance: NOI at ₹4,100-4,350cr and DPU at ₹27.0-28.6 per unit.

Risks

Rising interest rates impacting DPU; 11-13% projected interest cost increase in FY27 may squeeze distributions.

Source

Earnings Call filed with BSE, NSE: EMBASSY. Summary written with AI assistance from the document.

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Embassy Office Parks REIT: key numbers

Share price
₹437.66
Market cap
₹41,486 Cr
Revenue (annual)
₹4,582 Cr
Net profit (annual)
₹338.5 Cr
Promoter holding
0.00%+0.00% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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