Embassy Office Parks REIT Q3 Review - Resilient Show In Tough Times: ICICI Securities 
Office buildings (Photographer Paul Hanna/Bloomberg)

Embassy Office Parks REIT Q3 Review - Resilient Show In Tough Times: ICICI Securities 

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 REIT delivered a resilient performance in Q3 FY21 with office rental collections of over 99% (similar to H1 FY21) and also achieved contracted rental increases of 15% on 1.5 million square feet of leasable area in Q3 FY21 and 13% rental increases on 5.3msf of area in nine months FY21.

During the quarter, the Embassy Tech Village right of first offer asset was injected into the REIT at an enterprise value of Rs 97.8 billion.

Click on the attachment to read the full report:

ICICI Securities Embassy REIT Q3FY21 Results Update.pdf

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