Embassy Office Parks REIT Reports Robust Q1 FY2026 Performance with Record Leasing Aug 07, 2025
Embassy REIT Reports Strong Q1 Performance with Record 2.0 Million Square Feet Leasing Jul 31, 2025
More news about Embassy Office Parks REIT
31Jul 25
Embassy REIT Reports Record Q1 Leasing of 2.0 Million Square Feet, Revenue Up 13% YoY
Embassy Office Parks REIT, India's first listed REIT and Asia's largest office REIT by area, reported impressive Q1 FY2026 results. The REIT achieved record leasing of 2.0 million square feet, a 9% year-over-year increase. Revenue grew by 13% to ₹1,060.00 crores, while Net Operating Income rose 15% to ₹872.00 crores. Distributions increased by 4% to ₹5.80 per unit. The REIT also raised ₹4,225.00 crores of debt at a 7.18% blended coupon and entered into an agreement to divest ~376k square feet at Embassy Manyata in Bengaluru. With a strong development pipeline and positive outlook, Embassy REIT expects continued growth in FY2026.
Embassy Office Parks REIT has successfully raised ₹2,000 crores through a 10-year Non-Convertible Debenture (NCD) issuance, marking the first such long-tenor debt raising by an Indian REIT. The NCDs feature an innovative step-up coupon structure with 7.25% for the first five years and 7.45% for the subsequent five years, resulting in an effective coupon rate of 7.35%. The issue was oversubscribed 1.4 times with participation from over 15 leading institutions. Proceeds will be used to refinance existing debt, expected to yield annual interest savings of approximately 70 basis points. The NCDs received 'AAA/Stable' ratings from CRISIL and CARE.
24Jul 25
Embassy Office Parks REIT Secures ₹2,000 Crore Through Innovative Debenture Issue
Embassy Office Parks REIT has raised ₹2,000 crore through a private placement of non-convertible debentures (NCDs). The REIT allotted 2,00,000 NCDs with a face value of ₹1,00,000 each, featuring a 10-year tenure and a step-up coupon rate structure. The Series XV Debentures offer 7.25% per annum for the first 60 months and 7.45% for the remaining period, with quarterly interest payments. The REIT received ₹2,001.37 crore against the principal amount, indicating strong investor interest. The debentures will be listed on the Wholesale Debt Market Segment of BSE Limited.
21Jul 25
Embassy Office Parks REIT Approves ₹2,000 Crore Debenture Issuance for Debt Refinancing and Capital Expenditure
Embassy Office Parks REIT's Debenture Committee has approved the issuance of non-convertible debentures worth up to ₹2,000 crores through private placement. The Series XV Debentures include a base offering of ₹1,900 crores with a ₹100 crore greenshoe option. The debentures have a face value of ₹1 lakh each and a tenure of up to 10 years. The proceeds will be used for repaying existing debt and funding capital expenditure for the REIT's Special Purpose Vehicles. This is part of a larger ₹6,500 crore debt raising plan approved by the Board.
18Jul 25
Embassy Office Parks REIT Eyes Rs 2,000 Crore Bond Issuance
Embassy Office Parks REIT, India's first publicly listed Real Estate Investment Trust, is in discussions with bankers to raise Rs 2,000 crore (approximately $232.79 million) through a corporate bond issuance. The proposed bonds will have a five-year tenure and carry an AAA credit rating. The REIT aims to close this funding round by the end of the month, targeting institutional investors such as mutual funds and insurance companies. This move comes amid increased activity in the Indian debt market, particularly in the real estate sector.
16Jul 25
Embassy Office Parks REIT Plans 20 Billion Rupee Bond Issuance
Embassy Office Parks REIT, India's first publicly listed Real Estate Investment Trust, is in talks with bankers to raise ₹20 billion ($232.79 million) through a five-year corporate bond issuance this month. The AAA-rated bonds are expected to attract strong demand from mutual funds and insurance companies. The REIT's unitholding pattern shows significant institutional investor confidence, with Foreign Portfolio Investors holding the largest stake at 42.45%, followed by Mutual Funds at 22.72%.
10Jul 25
Bain Capital Offloads 1.87% Stake in Embassy Office Parks REIT for Rs 691 Crore
Bain Capital sold 1.78 crore units (1.87% stake) in Embassy Office Parks REIT for Rs 691.41 crore at Rs 388.00 per unit. The REIT's units closed at Rs 390.16 on BSE, down 1.95%. This follows the REIT's recent Rs 1,550.00 crore fundraising through debentures and term loans for debt refinancing.
09Jul 25
Embassy REIT: APAC Company to Offload 1.9% Stake in Block Deal
APAC Company XXIII Ltd plans to divest a 1.9% stake in Embassy Office Parks Reit through block deals, aiming to raise approximately ₹681.00 crore. The floor price is set at ₹382.00 per unit, representing a 4% discount to the current market price. This transaction highlights ongoing interest in India's REIT market and could potentially impact the REIT's ownership structure.
30Jun 25
Embassy REIT Raises Rs 1,550 Crore to Refinance Debt, Aims to Cut Interest Costs
Embassy Office Parks REIT has raised Rs 1,550 crore through NCDs and term loans to refinance existing debt. The fundraising includes Rs 750 crore in NCDs at 6.97% and an Rs 800 crore term loan at 7.40% floating rate for 15 years. This refinancing is expected to save 113 basis points in annual interest costs and provide improved financial flexibility.
20May 25
Embassy REIT Secures Rs 2,000 Crore via NCDs, Set to Reduce Interest Costs
Embassy Office Parks REIT has raised Rs 2,000 crore through Non-Convertible Debentures at a 7.21% interest rate for a 3-year tenure. This refinancing is expected to save 77 basis points in interest costs. The REIT plans to repay Rs 500 crore of Series IX NCDs early on June 4, demonstrating proactive debt management. This move is anticipated to improve financial efficiency and indicates strong market confidence in the REIT's prospects.
28Apr 25
Embassy Office Parks REIT Allots Rs 675 Crore in Commercial Papers
Embassy Office Parks REIT has approved the allotment of commercial papers worth Rs 675 crore. The allotment consists of two tranches: Rs 350 crore for 316 days and Rs 325 crore for 326 days, both at a yield of 7.08%. The funds will be used for repaying existing borrowings and meeting working capital requirements. The commercial papers will be listed on the Wholesale Debt Market Segment of BSE Limited.
24Apr 25
Embassy Office Parks REIT Approves ₹6,500 Crore Debt Raise and Commercial Paper Issuance
Embassy Office Parks REIT's Board has approved raising debt up to ₹6,500 crore for refinancing and other permitted purposes. Additionally, they've authorized two commercial paper issuances totaling ₹675 crore: ₹350 crore for 316 days and ₹325 crore for 326 days. The CP proceeds will be used for debt repayment and working capital. The total CP issuance is capped at 10% of the REIT's consolidated outstanding debt.
23Apr 25
Embassy Office Parks REIT Unveils Ambitious ₹6,500 Crore Debt Raising Plan and Commercial Paper Issuance
Embassy Office Parks REIT has received approval to raise debt up to ₹6,500 crore for refinancing existing debt and enhancing financial flexibility. The Board also approved two commercial paper issuances: ₹350 crore for 316 days and ₹325 crore for 326 days. These funds will be used for debt repayment and working capital requirements. The total outstanding amount raised through commercial papers is capped at 10% of the REIT's consolidated outstanding debt.
04Mar 25
Embassy REIT Commits ₹100 Crore to Bengaluru Metro Expansion, Boosting Urban Infrastructure
Embassy Office Parks REIT has signed an agreement with Bangalore Metro Rail Corporation Limited to invest ₹100 crore in the development of the Kadubeesanahalli Metro Station on Bengaluru's Outer Ring Road. The station will be named 'Embassy TechVillage Kadubeesanahalli Metro Station' for 30 years. This investment is part of a larger 17 km Metro ORR Project aimed at enhancing connectivity in key business districts. Embassy REIT has previously invested in urban infrastructure projects, including a flyover and pedestrian footbridge.