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Embassy REIT income rises 12 pc to Rs 2,032 cr in FY21

The Board of Directors of Embassy Office Parks Management Services Pvt Ltd, Manager of Embassy REIT, declared a distribution of Rs 530.8 crore or Rs 5.6 per unit for the quarter ended March.

April 29, 2021 / 10:19 PM IST
Embassy Office Parks REIT on Thursday reported 12 per cent growth in net operating income to Rs 2,032 crore and distribution of Rs 1,836 crore to unitholders during the last financial year despite the COVID-19 pandemic.

Embassy Office Parks REIT on Thursday reported 12 per cent growth in net operating income to Rs 2,032 crore and distribution of Rs 1,836 crore to unitholders during the last financial year despite the COVID-19 pandemic.

Embassy Office Parks REIT on Thursday reported 12 per cent growth in net operating income to Rs 2,032 crore and distribution of Rs 1,836 crore to unitholders during the last financial year despite the COVID-19 pandemic.

Embassy REIT expects office demand to be muted over the next 2-3 quarters but sees strong recovery thereafter on pent-up demand.

The Board of Directors of Embassy Office Parks Management Services Pvt Ltd, Manager of Embassy REIT, declared a distribution of Rs 530.8 crore or Rs 5.6 per unit for the quarter ended March.

The cumulative distribution for FY2021 totals Rs 1,836.4 crore or Rs 21.48 per unit, which is on target with the guidance issued earlier by the management, the company said in a statement.