NNextResearch

Embassy Office Parks REIT EMBASSY

India's first listed REIT; Grade A office parks mainly in Bengaluru, plus Mumbai, Pune and Noida, and hotels

Mapped in 1 theme: Real Estate.

From publicly available information

Where Embassy Office Parks REIT sits in the supply chain

Embassy Office Parks REIT appears in 1 supply-chain layer in one theme, Real Estate.

Revenue and profit

₹ CrFY24FY25FY26
Revenue3,8164,0394,582
Net profit9641,624339

Latest-year revenue ₹4,582 Cr (FY26, company-wide). Wider screens show FY22 onwards.

Strengths

  • Q1 FY27 NOI up 17% to ₹1,020 Cr; occupancy 93% by value
  • GCCs took 81% of its Q1 FY27 leasing, at 11% re-leasing spreads
  • FY27 DPU guidance of ₹27.0-28.6 per unit

Risks

  • Heavy Bengaluru exposure
  • Hotels add more volatile income
  • Rising bond yields can weigh on REIT unit prices

Common questions

What does Embassy Office Parks REIT do?

India's first listed REIT; Grade A office parks mainly in Bengaluru, plus Mumbai, Pune and Noida, and hotels.

Where does Embassy Office Parks REIT sit in the supply chain?

Embassy Office Parks REIT (NSE: EMBASSY) is mapped in 1 supply-chain layer: Office REITs & landlords (Real Estate).

Who are Embassy Office Parks REIT's peers?

In the Office REITs & landlords layer of Real Estate: Knowledge Realty Trust, Mindspace Business Parks REIT, Brookfield India Real Estate Trust, Bagmane Prime Office REIT, DLF, Prestige Estates Projects and 1 more.

What is Embassy Office Parks REIT's market cap and valuation?

As of 30 Oct 2026: market cap ₹39,252 Cr, P/E 46.5x, ROCE 5.6%, ROE 1.3%, dividend yield 0.11%.