Embassy REIT Reports 17% YoY Growth in Revenue and Net Operating Income; Leases 1.3 Million Square Feet in Q1 FY2027

Leased 1.3 msf across 17 deals, including 0.7 msf of new leases at 11% re-leasing spreads and 0.6 msf of renewals at 9% higher spreads

GCCs accounted for 81% of Q1 leasing. New entrants drove 86% of new leasing, including 21% from AI-related companies, with leases signed at an 8% average premium to market rents

Portfolio occupancy stood at 93% by value, with Mumbai at 100%, Bengaluru at 95%, Noida at 93% and Chennai at 92% Financial Highlights

Grew Revenue from Operations by 17% YoY to Rs. 1,241 crores and Net Operating Income (NOI) by 17% YoY to Rs. 1,020 crores

Delivered quarterly distributions of Rs. 598 crores or Rs. 6.31 per unit, up 9% YoY