Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602), India’s first listed REIT and Asia’s largest office REIT by area, delivered a strong performance in Q3 FY2026, reporting 17% year‑on‑year revenue growth and 19% growth in Net Operating Income (NOI).
The REIT leased 1.1 million sq. ft. across 22 deals during the quarter, taking year‑to‑date leasing to 4.6 msf. Portfolio occupancy stood at 94% by value, with three of its five cities at or above 95% occupancy.
The Board declared ₹613 crore distributions, or ₹6.47 per unit, up 10% YoY, payable by February 18, 2026. Embassy REIT also raised ₹400 crore through commercial paper at an effective rate of 6.44%, reducing its cost of debt to 7.29%.
Growth initiatives included the third redevelopment at Embassy Manyata (0.8 msf at 23% yield on cost), expansion of the hospitality portfolio with a 116‑key hotel at Embassy TechZone, Pune, and delivery of 0.4 msf at Embassy Splendid TechZone in Chennai, fully leased to a global healthcare firm.
In a strategic move, Embassy REIT received an invitation to acquire Embassy Zenith, a 0.4 msf prime office tower in Bengaluru, fully leased to a global technology giant. CEO Amit Shetty said the acquisition reflects the REIT’s focus on high‑quality, income‑accretive assets that strengthen its portfolio and create long‑term value.
Embassy REIT also announced a third‑party acquisition of a 0.3 msf marquee office asset at Embassy GolfLinks, Bengaluru, and completed a ₹530 crore divestment at Embassy Manyata. The REIT delivered ~25% total returns in CY2025, expanding its unitholder base to over 125,000.
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