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Buy Embassy Office Parks REIT Ltd For Target Rs.400 By JM Financial Services Embassy REIT (Embassy) reported a robust quarter (1QFY25) led by healthy gross leasing of 1.9msf which grew 70% on a YoY basis. Occupancy was steady at 85%, as new lease-up of 0.7msf was offset by a considerably large exit at Embassy Manyata (0.7msf). Embassy concluded the acquisition at Embassy Splendid Tech Zone, Chennai, for c. INR 12bn, financed through debt at 8.1% and internal accruals (LTV at 32%). The REIT has an active development pipeline of 8.6msf, with 70% of the upcoming deliveri...
Buy Embassy Office Parks REIT Ltd For Target Rs.400 By JM Financial Services
Buy Embassy Office Parks REIT Ltd For Target Rs.400 By JM Financial Services
Source: JM Financial Services
2024-08-02 02:46:53 pm
Buy Embassy Office Parks REIT Ltd For Target Rs. 390 - JM Financial Services In its recently held analyst meet, the management of Embassy Office Parks REIT (Embassy) remained confident of a strong FY25, led by demand from Global Captive Centres (GCCs), which continue to set up, expand and move towards higher-valued services in India. Going forward, NOI growth will come from multiple levers including lease-out of vacant areas, contracted escalations, MTM potential and new developments: Embassy has an active development pipeline of 6.9msf (4QFY24-FY28E) with 90% concent...
Buy Embassy Office Parks REIT Ltd For Target Rs. 390 - JM Financial Services
Buy Embassy Office Parks REIT Ltd For Target Rs. 390 - JM Financial Services
Source: JM Financial Services
2024-05-24 11:24:59 am
India`s Embassy REIT plans to raise up to $400 million, hires banks, sources say  India's largest real estate investment trust, Embassy Office Parks, plans to raise up to $400 million from investors, two sources with direct knowledge said, as it looks to meet demand for office space from global and local giants. Embassy, which manages 45 million square feet (4.18 million square meters) of office parks, has clients including Google, Cisco and IBM who are bolstering their presence in the world's fifth biggest economy. The property group has appointed inve...
India`s Embassy REIT plans to raise up to $400 million, hires banks, sources say
India`s Embassy REIT plans to raise up to $400 million, hires banks, sources say
Source: Reuters
2024-04-02 02:43:05 pm
India`s Embassy REIT expects SEZ regulation tweak to boost its finances from FY25 India's largest real estate investment trust (REIT) Embassy Office Parks expects the government's easing of regulation for special economic zones (SEZ) to boost its finances from the fiscal year starting April 2024. Last week, India allowed developers to strip vacant floors in SEZs off the status and lease them to non-SEZ entities. SEZs, set up in 2005, were aimed at incentivising export-oriented companies but lost their allure to new entrants after tax holiday ended in 2020. Wh...
India`s Embassy REIT expects SEZ regulation tweak to boost its finances from FY25
India`s Embassy REIT expects SEZ regulation tweak to boost its finances from FY25
Source: Reuters
2023-12-15 09:14:53 am