During the meeting of March 17, 2022 The Board of Directors of Embassy Office Parks Management Services, Manager of Embassy Office Parks REIT, at its meeting of March 17, 2022, accepted the resignation of Aravind Maiya, Chief Financial Officer of the Company, Manager of Embassy REIT , withRead More →
Embassy Office Parks REIT announced that Vikas Telecom has now become a special purpose entity directly owned 100% by Embassy Office Parks REIT following the approval of the plan of arrangement by the National Company Law Tribunal, Bengaluru (NCLT) in its order dated 17 Feb 2022. and receiptRead More →
The Hilton Garden Inn is part of one of the largest hotel and conference complexes in South India, at Embassy Manyata Business Park. Embassy Office Parks REIT has announced the opening of the first Hilton Garden Inn hotel in Bengaluru, strategically located in the Embassy Manyata Business ParkRead More →
Embassy Office Parks REIT has announced the opening of a 3-lane skybridge at Embassy Manyata Business Park (“Embassy Manyata”) in Bangalore. Built and financed by Embassy REIT at a cost of Rs 183 crores, the project is among the infrastructure initiatives in and around the park for whichRead More →
NEW DELHI: Embassy Office Parks REIT on Friday announced a 30% increase in its net operating profit to Rs 621.3 crore for the quarter ended December 2021 and announced the distribution of Rs 493 crore to unitholders . Michael Holland, CEO of Embassy REIT, said the company’s performance was strongRead More →
Embassy Office Parks REIT, Asia’s largest office property investment trust by area, sees no significant impact from Omicron cases or the rise in Covid, either on rentals or absorption (of offices) . In fact, the company – India’s top listed REIT – says it is “on track” with its FY22Read More →
Insiders were net buyers of Embassy Office Parks FPI (NSE: EMBASSY) stock during the past year. That is, insiders bought more shares than they sold. While we never suggest that investors should base their decisions solely on what the directors of a company have done, we would consider it foolishRead 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 →
Sales increase by 36.11% to Rs 735.19 crore Net profit of Embassy Office Parks REIT decreased by 15.69% to Rs 196.08 crore in the quarter ended September 2021 from Rs 232.57 crore in the previous quarter ended September 2020. Sales increased by 36.11% to Rs 735.19 crore duringRead 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 →
Embassy Office Parks REIT announced that it has been awarded a 4-star rating (out of 5 stars) in the 2021 Real Estate Assessment by GRESB, the world’s leading ESG benchmark for real estate and infrastructure investments. In its first year of participation, Embassy REIT achieved Green Star status and anRead 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 →
Blackstone sold approximately 2,025 crore ($ 275 million) shares in Embassy Office Parks REIT, representing 5.7% of the company’s market value, a person familiar with the report said. case. ADVERTISING The private equity firm (PE) sold 57 million shares through 14 affiliates at an average price of 355.2. This bringsRead More →
MUMBAI: Global private equity group Blackstone reduced its stake in real estate investment trust (REIT) Embassy Office Parks REIT through open market block trades on Wednesday. The institutional investor raised $275 million or more than Rs 2,025 crore by selling around 6% stake in the listed entity. The transactions hadRead More →
Embassy Office Parks REIT, Asia’s largest office REIT by area, has raised Rs 300 cr via non-convertible debentures (NCDs) at a quarterly coupon of 6.80% from long-term investors including companies insurance. Following the recent approval by the Insurance Regulatory and Development Authority of India (IRDAI) allowing insurance companies to investRead 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 →
It is easy to match the overall market return by purchasing an index fund. But if you buy individual stocks, you can do better or worse than that. Unfortunately the Embassy Office Parcs FPI The share price (NSE: EMBASSY) slipped 13% year over year. This contrasts poorly with the marketRead More →
Bengaluru: Embassy Office Parks REIT announced a 12% increase in its net operating income for the fiscal year ended March 2021 to Rs 2032 crore compared to the previous fiscal year. India’s first listed Real Estate Investment Trust (REIT) and the largest in Asia also reported a 10% increase inRead More →
The large groups of shareholders of Embassy Office Parks REIT (NSE: EMBASSY) have power over the company. Generally speaking, as a business grows, institutions increase their participation. Conversely, insiders often decrease their ownership over time. Warren Buffett said he enjoys “a business with sustainable competitive advantages that is led byRead More →
As part of the arrangement, Embassy Office Parks REIT plans to simplify the structure of the portfolio’s key assets. (Photo: REUTERS) Embassy Office Parks REIT has received approval from the NCLT for a plan of arrangement that will help the trust simplify the ownership of key portfolio assets. According toRead More →
Potentially higher dividend share in the distribution of fiscal year 22E: out of the distribution of Rs 15.88 / unit for 9MFY21, 5% was in the form of dividends, 56.7% in the form of debt amortization at the level SPV and 38.2% in the form of interest According to anRead More →
Embassy Office Parks REIT, India’s first listed REIT and Asia’s largest office REIT by area, has received approval from the National Company Law Tribunal (“NCLT”) to restructure and simplify ownership of key portfolio assets, including including Embassy Manyata and Embassy TechZone. . Embassy REIT launched the program to simplify itsRead More →