Embassy Office Parks REIT News and Updates

Name: Latest research reports of Embassy Office Parks REIT authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Embassy Office Parks REIT
Rating: 5
Author: ICICI Securities Limited

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Embassy Office Parks REIT

28 Mar 2023

413.04

1.94%

Valuation-neutral Bengaluru asset acquisition

Buy: Embassy Office Parks REIT

ICICI Securities Limited

On 28th Mar’23, the Board of Directors of Embassy Office Parks REIT (Embassy REIT) has approved the acquisition of an under-development Sponsor asset in North Bengaluru of 1.4msf for an EV of Rs3.3bn (proposed acquisition cost is at a 4.5% discount to average valuation of two independent valuers).

Embassy Office Parks REIT is trading above all available SMAs

Embassy Office Parks REIT

13 Mar 2023

413.04

1.94%

Embassy Office Parks REIT to invest Rs 300 crore on green initiatives

Business Standard

Embassy Office Parks REIT on Monday said it has committed over Rs 300 crore for ongoing green initiatives across its commercial projects. In a regulatory filing, Embassy REIT informed that the company has "committed over Rs 300 crore to its ESG (environmental, social, and governance) programme across its 43.6 million square feet pan-India portfolio". Embassy REIT said it has recently commissioned the first phase of its 20 MW solar rooftop project. This project aims to generate 30 million units of solar power, offsetting around 25,000 tonnes of CO2 emissions. As part of its 2040 net zero carbon operations goal, Embassy REIT aims to achieve 75 per cent renewable energy usage by 2025. Apart from the existing 100 MW solar plant, the REIT strategically plans to more than double its current 120 MW onsite and offsite renewable energy capacity by installing new solar plants across Bengaluru and NCR. This renewable energy capacity enhancement will be through additional capital investments

Embassy Office Parks.. has an average target of 434.67 from 3 brokers.

Embassy Office Parks REIT

30 Jan 2023

413.04

1.94%

Result Update:Embassy Off.REIT

Buy: Embassy Office Parks REIT

Target

Axis Direct

We recommend a BUY rating on the stock.

Embassy Office Parks REIT is trading above all available SMAs

Embassy Office Parks REIT

27 Jan 2023

413.04

1.94%

Keep the faith

Buy: Embassy Office Parks REIT

Target

ICICI Securities Limited

The Embassy Office Parks REIT (Embassy REIT) delivered a resilient Q3FY23 performance with same-store office portfolio occupancy levels remaining flattish QoQ at 88% and NOI remaining flat QoQ at Rs7.0bn.

Embassy Office Parks.. has an average target of 434.67 from 3 brokers.

Embassy Office Parks REIT

30 Oct 2022

413.04

1.94%

Result Update:Embassy Off.REIT

Buy: Embassy Office Parks REIT

Target

Axis Direct

Technology and Finance sectors are adding more growth to the company. We recommend a BUY rating on the stock with a target price of Rs 400.

Embassy Office Parks REIT is trading above all available SMAs

Embassy Office Parks REIT

25 Oct 2022, 03:26PM

413.04

1.94%

Embassy REIT to invest Rs 2,200 cr in 4 yrs to develop new office buildings

Business Standard

Embassy Office Parks REIT will invest around Rs 2,200 crore in the next four years to develop premium workspaces as it sees tremendous growth potential in office market despite global recessionary concerns, its CEO Vikaash Khdloya said. In an interview with PTI, he said the office demand in India would remain strong as large global companies want to open offices in India because of the huge availability of a cost-efficient talent pool and cheap rentals for premium workspaces. This trend would only strengthen amid global recessionary fears, which will lead to increased outsourcing of work to India, Khdloya said. Bengaluru, which is its core market with a significant presence, is leading the resurgence of India's office market that suffered a setback during the COVID pandemic, he added. Embassy Office Parks REIT is India's first Real Estate Investment Trust (REIT) sponsored by global investment firm Blackstone and Bengaluru-based realty firm Embassy group. It has a completed portfoli

Embassy Office Parks.. has an average target of 434.67 from 3 brokers.

Embassy Office Parks REIT

25 Oct 2022, 11:44AM

413.04

1.94%

Embassy Office Consolidated September 2022 Net Sales at Rs 888.91 crore, up 20.91% Y-o-Y

Moneycontrol

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Embassy Office Parks REIT is trading above all available SMAs

Embassy Office Parks REIT

21 Oct 2022

413.04

1.94%

Embassy Office Consolidated September 2022 Net Sales at Rs 888.91 crore, up 20.91% Y-o-Y

Moneycontrol

NULL

Embassy Office Parks REIT is trading above all available SMAs

Embassy Office Parks REIT

21 Oct 2022

413.04

1.94%

Resilient show

Buy: Embassy Office Parks REIT

ICICI Securities Limited

The Embassy Office Parks REIT (Embassy REIT) delivered a resilient Q2FY23 performance with office portfolio occupancy levels remaining flat QoQ at 87% and NOI increasing 4% QoQ to Rs7.0bn.