Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, reported results for the fourth quarter and full year ended March 31, 2023.
Vikaash Khdloya, Chief Executive Officer of Embassy REIT, said, “Despite global macro volatility, we’re very pleased to achieve our highest ever leasing of 5.1 msf across a record 100 deals. India remains the world’s preferred offshoring destination and continues to attract global businesses looking for skilled talent and low costs, and we’re well positioned to benefit from this secular trend. Backed by our clear strategy to create long-term value for our investors and our fortress balance sheet, we continue to make significant growth investments to our now 45 msf world-class portfolio.”
The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting declared a distribution of Rs 532 crores or Rs 5.61 per unit for Q4 FY2023. With this, the cumulative distribution for FY2023 totals Rs2,058 crores or Rs 21.71 per unit. The record date for the Q4 FY2023 distribution is 6 May, 2023, and the distribution will be paid on or before 12 May, 2023.
