Embassy Office Parks Reit

Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan

Stocks to Watch: Harsha Engineers will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium

Embassy REIT has delivered 50% total returns since listing: Vikaash Khdloya

"Our overall philosophy on co-working has been that it is an amenity for our business parks and occupiers", said Khdloya

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

Blackstone sells 57 mn units in Embassy Office Parks REIT for over Rs 2k cr

Global fund Blackstone has sold about 5.7 crore units in Embassy Office Parks REIT for over Rs 2,000 crore as part of its strategy to monetise part of its investment, sources said.

Embassy REIT to raise up to Rs 300 cr via non-convertible debentures

Embassy Office Parks REIT will raise up to Rs 300 crore through issue of non-convertible debentures. The company did not disclose where the funds will be utilised. In a regulatory filing, the company informed that the board of Embassy Office Parks Management Services Pvt Ltd, the manager to Embassy Office Parks REIT, had in November last year approved the raising of debt, including the issue of non-convertible debentures, for an aggregate amount up to Rs 3,641.1 crore in one or more tranches. Out of this, Rs 2,600 crore was raised earlier as REIT NCD Series-III. On Thursday, the debenture committee of the board of directors of the manager, has approved the further issuance of 3,000 listed, rated, secured, redeemable, transferable, rupee denominated non-convertible debentures of face value of Rs 10,00,000 each, aggregating up to Rs 300 crore by Embassy REIT on a private placement basis. In January this year, Embassy REIT had raised Rs 2,600 crore through issue of non-convertible ..

Vacancy levels at 3 REITs set to rise another 300 bps

Work from home, second wave have deferred leasing decisions by occupiers

Embassy Office Parks REIT expects demand to bounce back in early FY22

Occupancies may fall 100-200 bps in the coming quarters

Embassy Office Parks REIT hopes demand will bounce back in early FY22

Request for proposals for nine million square feet of office space are active in the market, said Vikaash Khdloya, deputy CEO at the REIT

Embassy REIT raises Rs 3,680 cr to partly fund acquisition of IT park

Embassy Office Parks REIT has raised Rs 3,680 crore ($501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park in Bengaluru

Embassy Office Parks REIT to float QIP, may raise up to $600 million

Floor price of Rs 348.38 per unit approved

Embassy Office Parks REIT to raise up to Rs 2,000 cr via issuance of NCDs

This will be the second fund raise by the listed REIT via the NCD route

Embassy Office Parks REIT to invest Rs 1,500 cr to develop office spaces

This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses

Embassy Office Parks REIT reports rental collections of 97% in Q1FY21

The company said its priority remains delivering a safe workplace and business ecosystem for occupiers and their employees

Blackstone sells Embassy Office Parks REIT units for Rs 2,270 crore

Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.

Blackstone launches block deal in Embassy REIT to raise $250 million

The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.

Embassy Office Parks REIT to gain from Covid-19 situation, says CEO

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

Market Ahead, February 14: Top factors that could guide markets today

A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today

Raheja-Blackstone firm files draft offer document for Rs 3,500-cr REIT IPO

The REIT has roped in 13 bankers, including Morgan Stanley, CLSA, and Nomura for the issue.

Embassy REIT: Rental revision, project pipeline, client base growth drivers

Given that market rents are 30 per cent higher than the current rents that tenants pay, there is significant room for increasing rates for expiring leases.

Embassy REIT posts Rs 232-cr Q2 profit, declares Rs 463-cr dividend payout

Embassy REIT's CEO Michael Holland said the company has reported another strong quarter of performance