BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The Embassy Office Parks Real Estate Investment Trust delivered a resilient performance in Q2 FY21 with office rental collections of over 99% (similar to Q1 FY21) and also achieved contracted rental increases of 11% on 1.9 million square feet of leasable area in Q2 FY21 and 12% rental increases on 3.7 msf of area in H1 FY21.
While our FY21-23E revenue/net operating incomeI/Ebitda estimates remain intact, we cut our FY21-23E Net Distributable Cash Flow estimates by 8-9%, factoring in extended weakness in hotel operations and working capital/balance sheet debt adjustments.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.