Embassy Office Parks REIT News and Updates

Name: Latest research reports of Embassy Office Parks REIT authored by Axis Direct and published by - Trendlyne research reports.
Item: Embassy Office Parks REIT
Rating: 5
Author: Axis Direct

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Embassy Office Parks REIT

30 Jan 2025

386.42

1.23%

Result Update:Embassy Off.REIT

Buy: Embassy Office Parks REIT

Target

Axis Direct

Embassy REIT has provided strong guidance on NOI and NDCF for the next year at the midpoint. Therefore, a BUY rating is maintained with a target price of Rs 405/share, implying an upside of 11% from the current market price (CMP).

Embassy Office Parks REIT is trading above its 200 day SMA of 378.3

Embassy Office Parks REIT

17 Dec 2024

386.42

1.23%

Embassy REIT raises Rs 1,000 cr through debentures to repay existing loans

Business Standard

Embassy Office Parks REIT has raised Rs 1,000 crore through issue of Non-convertible Debentures (NCDs) to repay its outstanding loan. In a regulatory filing on Tuesday, Embassy REIT said it has raised Rs 1,000 crore through five-year coupon-bearing debt at an interest rate of 7.73 per cent. Embassy REIT will utilise the proceeds from this debt raise to repay its certain existing debt. Through this refinance, Embassy REIT will be able to secure around 70 basis points of interest savings from the existing rate. Ritwik Bhattacharjee, Interim Chief Executive Officer, Embassy REIT, said, the company has raised this amount at a highly competitive rate. "Raising a 5-year NCD allows us to optimally stagger our liability profile and ensure we continue to finance our growth and the rollover of debt maturities prudently," he said. Embassy REIT is India's first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 51.1 million square feet portfolio of 14 office park

Axis Direct released a Buy report for Embassy Office Parks REIT with a price target of 450.0 on 01 Aug, 2025.

Embassy Office Parks REIT

25 Oct 2024

386.42

1.23%

Result Update:Embassy Off.REIT

Buy: Embassy Office Parks REIT

Target

Axis Direct

We maintain our BUY recommendation on the stock.

Axis Direct released a Buy report for Embassy Office Parks REIT with a price target of 450.0 on 01 Aug, 2025.

Embassy Office Parks REIT

24 Oct 2024

386.42

1.23%

Embassy Reit Q2 revenue jumps 12% to Rs 997 crore, beats estimates

Business Standard

The total comprehensive income attributable to the unitholders stood at Rs 1,530.4 crore in comparison with the income of Rs 216.7 crore in Q2 FY24

Embassy Office Parks.. has an average target of 434.67 from 3 brokers.

Embassy Office Parks REIT

09 Oct 2024

386.42

1.23%

Embassy Reit raises Rs 2,000 crore to repay NCDs maturing in October

Business Standard

Embassy Office Parks REIT has raised Rs 2,000 crore debt to repay non-convertible debentures maturing this month. In a regulatory filing on Tuesday, Embassy REIT said it has raised "Rs 2,000 crore of coupon-bearing debt at an interest rate of 7.95 per cent." Embassy REIT will utilise the proceeds from this debt raise to repay its Non-Convertible Debentures (NCDs) of Rs 2,000 crore maturing in October 2024. "We are pleased to announce this fundraise of Rs 2,000 crore, which has seen strong participation from mutual funds and banks," said Aravind Maiya, Chief Executive Officer of Embassy REIT. This refinancing continues to allow the company to optimally control its balance sheet and positions it to take advantage of future rate cuts to raise capital. Embassy REIT is India's first publicly listed Real Estate Investment Trust. It owns and operates a 51 million square feet portfolio of 14 office parks in Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai. Embassy

Axis Direct released a Buy report for Embassy Office Parks REIT with a price target of 450.0 on 01 Aug, 2025.

Embassy Office Parks REIT

08 Oct 2024

386.42

1.23%

EMBASSY OFFICE PARKS REIT

Accumulate: Embassy Office Parks REIT

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Embassy Office Parks REIT is trading above its 200 day SMA of 378.3

Embassy Office Parks REIT

30 Jul 2024

386.42

1.23%

Result Update:Embassy Off.REIT

Buy: Embassy Office Parks REIT

Target

Axis Direct

We have maintain BUY rating on the stock

Embassy Office Parks.. has an average target of 434.67 from 3 brokers.

Embassy Office Parks REIT

25 Jul 2024

386.42

1.23%

Embassy REIT Q1 results: Net operating income up 3% to Rs 757.5 cr

Business Standard

Embassy Office Parks REIT on Thursday reported a 3 per cent increase in its net operating income to Rs 757.5 crore in the June 2024 quarter and announced distribution of Rs 530.8 crore to unitholders. The net operating income (NOI) stood at Rs 737.6 crore in the year-ago period. The board of directors of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, at its board meeting, declared a distribution of Rs 531 crore or Rs 5.60 per unit for the first quarter of 2024-25. "We are delighted to report another excellent quarter of strong leasing across our portfolio. We leased 1.9 million square feet this quarter, marking a 70 per cent YoY (year-on-year) increase, and we have a strong pipeline across Bengaluru, Noida and Chennai," Aravind Maiya, Chief Executive Officer of Embassy REIT, said. The company has strengthened its partnership with one of its largest occupiers through a new redevelopment project at Embassy Manyata in Bengaluru, he said. "Our distributions