Embassy Office Parks REIT

Embassy Office Parks REIT reported a 15% year-over-year revenue increase, partially offset by a 10% area increase due to lease exits, and anticipates a stronger second half as those impacts subside. The company’s overall occupancy stands at 90% by area, with approximately 1 million square feet remaining to be leased at the Embassy Business Hub, awaiting metro completion to drive rate increases currently ranging from Rs 75 to Rs 90 per square foot. A one-time fee related to a Four Seasons management contract resulted in a negative distribution per unit this quarter, though excluding this fee, performance remains consistent. Management expects a cash tax rate of around 5% of revenue for the next 1-2 years and anticipates refinancing Rs 4,000 crores of debt annually, potentially increasing interest costs by approximately Rs 8 crores per annum for each 25 basis point rate hike.

Embassy Office Parks Management Services Private Limited, acting as manager to Embassy REIT, has released an audio recording of an earnings conference call held on October 29, 2026, to discuss the REIT’s financial results for the quarter and half-year ended September 30, 2026, which is available at https://www.embassyofficeparks.com/wp-content/uploads/2026/10/10047540.mp3.

Embassy Office Parks REIT share price declined by 0.96% to Rs 414.55. The Company's net profit jumped 325.68% to Rs 831.01 crore, while revenue from operations improved marginally 4.98% to Rs 1302.63 crore in Q3FY26 over Q2FY26. The market capitalization of Real Estate Investment Trusts (REITs) industry group stocks on BSE stood at Rs 2.17 lakh crore, advancing by 13.03%. It has slipped by 1.80% over last one week and softened by 5.20% in last one month while the market capitalization of Embassy Office Parks REIT has eased by 2.19% and 5.28% in the same period respectively. Profit before tax (PBT) of Embassy Office Parks REIT stood at Rs 328.58 crore in Q3 FY26, surging by 30.20% year-on-year, and easing 9.54% quarter-on-quarter. EBITDA came in at Rs 964 crore, expanding by 15.19% YoY and gaining 2.56% sequentially. Total expenses saw a slight increase of 6.49% to Rs 629.24 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 13.32 crore, jumping 36.20% YoY, while employee benefits expense was at Rs 23.49 crore, soaring 16.75% YoY. For the TTM ended FY26, revenue from operations rose 13.45% to Rs 4582.36 crore, while net profit witnessed a sharp fall of 79.16% to Rs 338.55 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 238620% to Rs 3415.26 crore, and PBT soared 487.22% to Rs 1133.57 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 3521.73 crore in FY26, as against Rs 3079.32 crore in FY25. Embassy Office Parks REIT softened by 2.45% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 13.45% during the same period.

Embassy Office Parks REIT share price ticked higher by 0.21% to Rs 418.56 after the company's net profit surged by 325.68% to Rs 831.01 crore, while revenue from operations slightly gained 4.98% to Rs 1302.63 crore in Q3FY26 over Q2FY26. The market capitalization of Real Estate Investment Trusts (REITs) industry group stocks on BSE stood at Rs 2.17 lakh crore, rising by 13.03%. It has slipped by 1.65% over last one week and edged lower by 5% in last one month while the market capitalization of Embassy Office Parks REIT has eased by 1.24% and 4.52% in the same period respectively. Profit before tax (PBT) of Embassy Office Parks REIT stood at Rs 328.58 crore in Q3 FY26, jumping 30.20% year-on-year, and gaining 9.54% quarter-on-quarter. EBITDA came in at Rs 964 crore, surging by 15.19% YoY and rising 2.56% sequentially. Total expenses saw a slight increase of 6.49% to Rs 629.24 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 13.32 crore, witnessing a sharp rise of 36.20% YoY, while employee benefits expense was at Rs 23.49 crore, soaring 16.75% YoY. For the TTM ended FY26, revenue from operations improved 13.45% to Rs 4582.36 crore, while net profit tanked by 79.16% to Rs 338.55 crore, compared to previous TTM. EBITDA soared by 238620% to Rs 3415.26 crore, and PBT soared 487.22% to Rs 1133.57 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 3521.73 crore in FY26, as against Rs 3079.32 crore in FY25. Embassy Office Parks REIT slipped 3.58% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 13.19% during the same period.

Embassy Office Parks Management Services Private Limited, acting as manager to Embassy Office Parks REIT, informed the National Stock Exchange of India Limited and BSE Limited that Mr. Amit Shetty, Chief Executive Officer and a Designated Person, experienced partial non-implementation of a trading plan dated June 10, 2026, for the sale of 25,000 units of Embassy REIT, due to reasons beyond his control, specifically 2,007 units; the Audit Committee determined the non-implementation was bona fide at a meeting held on October 28, 2026.

Embassy Office Parks REIT, acting through its manager Embassy Office Parks Management Services Private Limited, reported a statement of investor complaints for the quarter ended September 30, 2026, disclosing that there were 2 investor complaints pending at the beginning of the quarter, 1 complaint received during the quarter, and 2 complaints disposed of, leaving 1 complaint pending at the end of the quarter. The average time taken for redressal of complaints was 11 days.

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that its Development portfolio achieved a global industry-leading score of 100% for the third consecutive year in the Global Real Estate Sustainability Benchmark (GRESB) 2026 assessment, ranking number one in the Asia office peer group and retaining the highest 5-Star GRESB rating for both Development and Standing Investment portfolios.

Embassy Office Parks Management Services Private Limited, the manager to Embassy Office Parks REIT, will hold a board meeting on Wednesday, October 28, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, and to declare distributions to Unitholders for the quarter ended September 30, 2026, with a record date of Saturday, October 31, 2026, and proposed payment on or before Friday, November 06, 2026.

Embassy Office Parks Management Services Private Limited, acting as the manager to Embassy Office Parks REIT, will host an earnings conference call on Thursday, October 29, 2026, at 0830 Hrs IST to discuss its financial results for the quarter and half-year ended September 30, 2026. A playback of the call and a transcript will be available on the investor relations section of Embassy Office Parks REIT’s website at https://www.embassyofficeparks.com/investors/events-management-conference-calls/.

Embassy Office Parks Management Services Private Limited, the manager to Embassy Office Parks REIT, will hold a board meeting on Wednesday, October 28, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, and to declare distributions to Unitholders for the quarter ended September 30, 2026, with a record date of Saturday, October 31, 2026, and proposed payment on or before Friday, November 06, 2026.