The High Court overturned a ruling that a change in the use of part of a building in Dublin for new offices for the Israeli embassy requires a building permit. The fifth floor of 23 Shelbourne Road in Ballsbridge, which is designated in the town’s development plan as a “generalRead More →
Michael Holland, managing director (CEO) of Embassy Office Parks REIT, said on Wednesday there was a slight increase in leasing. Holland also said rentals had returned to pre-COVID-19 levels in key markets like Bangalore. The real estate developer posted earnings for the quarter ended September largely in line with estimates.Read More →
The large groups of shareholders of Embassy Office Parks REIT (NSE: EMBASSY) have power over the company. Institutions often own shares in more established companies, while it is not uncommon to see insiders owning a good number of smaller companies. I generally like to see some degree of insider ownership,Read More →
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) announced a 30% increase in its net operating income to Rs 624 crore, with 85% NOI margin, the company said in a BSE filing. Its operating income was Rs 735.20 crore in the second quarter of FY22, up 36% from the RsRead More →
NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has raised Rs 4,600 crore in debt bearing coupons at an interest rate of 6.5%. The proceeds of this increased debt will be used by Embassy REIT to repay its existing zero coupon bond of Rs 4,530 crore. The Debenture Committee approvedRead More →
It’s hard to get excited after looking at the recent performance of Embassy Office Parks REIT (NSE: EMBASSY), as its stock has fallen 5.5% in the past month. It seems that the market has completely ignored the positive aspects of the company’s fundamentals and decided to weigh more heavily onRead More →
Global fund Blackstone has sold around 5.7 crore units in Embassy Office Parks REIT for more than Rs 2,000 crore (USD 275 million) as part of its strategy to monetize part of its investment, people said. sources. Embassy Office Parks REIT is the nation’s premier real estate investment trust (REIT),Read More →
NEW DELHI: Global fund Blackstone has sold approximately 5.7 crore units in Embassy Office Parks REIT for over Rs 2,000 crore (USD 275 million) as part of its strategy to monetize part of its investment, sources said. Embassy Office Parks REIT is the nation’s premier real estate investment trust (REIT),Read More →
Embassy Office Parks REIT leased 5.45 lakh square feet of office space in a total of 9 transactions and received over 99% of office rents on an operating portfolio of 32.3 million square feet during the quarter ended June. The REIT achieved a stable portfolio occupancy rate of 89% withRead More →
A look at the shareholders of Embassy Office Parks REIT (NSE: EMBASSY) can tell us which group is more powerful. Large companies usually have institutions as shareholders, and we usually see insiders holding shares in smaller companies. Warren Buffett said he enjoys “a business with sustainable competitive advantages that isRead More →