Embassy REIT Q1 Income Up 15% to Rs 871.8 cr

By By Rediff Money Desk, New Delhi
Jul 31, 2025 17:27
Embassy Office Parks REIT reports 15% increase in net operating income to Rs 871.8 crore in Q1. Distributes Rs 549.8 crore to unitholders.
Photograph: Kind courtesy Cadeau Maestro from Pexels
New Delhi, Jul 31 (PTI) Embassy Office Parks REIT on Thursday reported a 15 per cent increase in its net operating income to Rs 871.8 crore in the first quarter of this fiscal.

Its net operating income stood at Rs 757.5 crore in the year-ago period.

The company will distribute Rs 549.8 crore to unitholders for the April-June quarter, an increase of 4 per cent from the same quarter of the preceding year, according to a regulatory filing.

During the June quarter, the company leased 2 million sq ft area, up 9 per cent annually. This included around 1 million sq ft of new leases, 3,60,000 square feet of renewals and 6,65,000 sq ft of pre-leases.

The board also accepted the resignation of Ritwik Bhattacharjee as the Chief Executive Officer (Interim). He will continue as a Senior Advisor to Embassy REIT.

It approved the appointment of Amit Shetty as the Chief Executive Officer with effect from August 1, 2025.
Source: PTI
Read More On:
embassy reitoffice spaceq1 resultsnet operating incomereal estate investment trust
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Sebi Clears Pranav Adani in Insider Trading Case

Sebi clears Pranav Adani, Adani Group director, of insider trading charges related to...

Sebi Officials & Asset Disclosure: Privacy...

Sebi officials express privacy concerns over public asset disclosure. Pandey discusses...

New Labour Codes: Supply Chains, Wages, Skilling

New Labour Codes in India aim for frictionless supply chains, universal wage coverage,...

Fidelity Buys 6.3% Stake in Meesho

Fidelity International acquires a 6.3% stake in e-commerce firm Meesho. The stake is...

Wipro & Google Cloud Deploy Gemini AI

Wipro expands Google Cloud partnership to deploy Gemini AI across operations. Jointly...

IndiGo Faces Rs 59 Cr GST Penalty, Will Contest

IndiGo slapped with nearly Rs 59 crore GST penalty for FY21. Airline to contest the...

IRFC Loan Sanctions Target: Rs 60,000 Crore in Q3

IRFC aims to surpass Rs 60,000 crore in loan sanctions by Q3, says CMD Manoj Kumar...

Paytm Invests Rs 2,250 Cr in Payments Arm

Paytm invests Rs 2,250 crore in Paytm Payments Services. RBI approves payment...

Nephrocare IPO Subscribed 13.96 Times

Nephrocare Health Services' Rs 871-cr IPO was subscribed 13.96 times on closing....

PNB Housing Finance Appoints A K Shukla as MD &...

PNB Housing Finance names Ajai Kumar Shukla as MD & CEO, effective December 18, 2025....

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com