Embassy REIT: Embassy REIT leases 8.1 million sq ft office space in FY24, surpass guidance by 35%

Embassy Office Parks REIT leased 8.1 msf of office space in FY24, surpassing guidance by 35%, with GCCs driving over 65% of leasing. Occupancy reached 85%, with Bengaluru at 91% and Mumbai at 99%. Proposed FY25 leasing guidance is 5.4 msf. Revenue and net operating income grew 8% YoY.

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