Embassy Office Parks REIT

📈 Embassy REIT Reports Strong Growth: Revenue Up 15%, Occupancy Hits 90%

• Operating revenue grew 15% year-on-year to ₹3,674 crore in the first nine months of fiscal 2026.

• Net Operating Income (NOI) increased 18% to ₹3,031 crore with a margin of 82%.

• Occupancy improved to 90% as of December 31, 2025, up from 87% a year earlier.

• Consolidated net debt rose to ₹20,631 crore as of December 31, 2025, primarily for capital expenditure.

• Loan-to-Value (LTV) ratio remained satisfactory at 32%.

• Credit ratings reaffirmed: 'Crisil AAA/Stable' for corporate credit and NCDs aggregating ₹11,550 crore; 'Crisil A1+' for ₹2,000 crore commercial paper program.