Embassy Office Parks REIT (EMBASSY) presentation Investor day summary

Growth performance and financial highlights

• NOI grew by 104% and distributions by 27% since listing, driven by area expansion and rent growth.

• GAV increased by 102% and total returns reached 96%, with over ₹13,800 crores distributed.

• Leased 30.6 msf across 519 deals, with 60% leased to Global Captive Centers (GCCs).

• Strengthened tenant roster to 279 marquee names, including 100 GCCs, with 65% of gross rentals from GCCs.

• Delivered 9.4 msf of new office buildings, with over 70% in Bengaluru.

Strategic growth initiatives

• Embedded organic levers include occupancy uptick, contracted rent escalations, MTM opportunities, and active development pipeline.

• 7.6 msf office development pipeline in Bengaluru and Chennai, implying 19% area expansion.

• Upcoming 634 hotel keys in Bengaluru and Pune, with estimated capex of ₹985 crores.

• Redevelopment opportunities in Bengaluru parks leveraging new FAR norms.

• Capital recycling through potential divestment of hotel portfolio with 1,730 keys.

Inorganic growth and acquisitions

• Acquired 6 assets totaling 17.3 msf and ₹14,000 crores in GAV since listing.

• Inorganic pipeline of ~13 msf, including consolidation in existing parks and third-party assets.

• Embassy Group maintains a strong presence in key office micro-markets, especially Bengaluru.