Embassy REIT Q4 results: Revenue up 8 percent, at Rs 3,685 crore Moneycontrol.com
Embassy Office Parks REIT, on April 25, reported an 8 percent year-on-year (YoY) increase in both its revenues — at Rs 3,685 crore — and also its net operating income, at Rs 2,982 crore, in the March quarter. The company distributed dividends worth Rs 2,022 crore, or Rs 21.33 per unit, in FY2024. It leased out 8.1 million sq ft (msf) across 99 deals, exceeding its initial guidance of 6 msf for the full-year by 35 percent. Embassy REIT said it plans to lease out 5.4 msf in FY25, with dividends in the range of Rs 22.40 to Rs 23.10.
