Embassy Office Parks Reit · NSE:EMBASSY.RR
Embassy Office Parks Reit — Shareholder Meeting (July 2026)
28 slides from Embassy Office Parks Reit's shareholder meeting presentation, Jul 24, 2026
Slide 1: Embassy Office Parks REIT 8th Annual Unitholders' Meeting
Embassy Office Parks REIT 8th Annual Unitholders’ Meeting July 24, 2026
Slide 2: 7 Year Highlights
7 Year Highlights Embassy Oxygen, Noida
Slide 3: 7-Year Recap – Performance Since Listing
8th Annual Unitholders’ Meeting 7-Year Recap– Performance Since Listing Delivered strong performance across all key metrices since listing, including 12% annualized total returns to our investors 75% 17.3 msf 11.4 msf Increase in Completed Area Acquisitions since Listing, New Buildings Delivered(2)
Slide 4: FY2026 Highlights
FIFC, Mumbai FY2026 Highlights
Slide 5: Robust Leasing & Portfolio Expansion
8th Annual Unitholders’ Meeting Robust Leasing & Portfolio Expansion Solid Year with 6.4 msf leasing at 17% spreads, resulting in occupancy growth of 300 bps to 90%, on an expanded operational portfolio of 43.5 msf Leased 6.4 msf across 86 Deals in FY2026; 59% driven by GCCs Grew Occupancy by 300 bp
Slide 6: Portfolio Market Rents Up 8% YoY
8th Annual Unitholders’ Meeting Portfolio Market Rents Up 8% YoY Portfolio market rents gone up by 8% during the Market year, increasing Rent MTM our total portfolio MTM potential to 10% Growth YoY (%) Potential (%) Portfolio Market Rent (₹ psf) Market Rent Growth for Marquee Assets 5% 10% Market Re
Slide 7: Achieved 24% Leasing Spreads
8th Annual Unitholders’ Meeting Achieved 24% Leasing Spreads Signed FY26 leases at 24% re-leasing spreads, including an average 5% premium to market rents, demonstrating our portfolio strength Bangalore Mumbai Rent (₹ psf) 105 Rent (₹ psf) 285 4% 10% 21% 25% 84 211 Old MTM Premium Agreed Rent Old MT
Slide 8: Grew Portfolio Occupancy to 90%
8th Annual Unitholders’ Meeting Grew Portfolio Occupancy to 90% Grew portfolio occupancy by 300 bps YoY to reach 90% by area, on an expanded base of 43.5 msf Occupancy (%) Occupancy (%) City Delivered on FY2026 Occupancy Guidance Q4 FY26 Q4 FY25 Completed Area (msf) Occupancy +300 bps Bangalore Area
Slide 9: Delivered 3.3 msf of New Office Buildings
8th Annual Unitholders’ Meeting Delivered 3.3 msf of New Office Buildings Block L4 – 0.9 msf at Embassy Manyata, Bangalore (100% Leased) Block 10 – 0.4 msf at Embassy Splendid TechZone, Chennai (100% Leased) Actual Picture Actual Picture Blocks D1/D2 – 1.4 msf at Embassy Manyata, Bangalore (86% Leas
Slide 10: Completed Pinehurst Acquisition
8th Annual Unitholders’ Meeting Completed Pinehurst Acquisition Completed the acquisition of Pinehurst, 100% leased 0.3 msf building within our prime asset Embassy GolfLinks, from a third-party 0.3 msf Total Leasable Area ₹852 crs Total Enterprise Value(1) ~7.9% NOI Yield(2) Actual Picture Notes: (1
Slide 11: Completed our First Divestment
8th Annual Unitholders’ Meeting Completed our First Divestment Completed the divestment of two strata-owned blocks totaling 0.4 msf at Embassy Manyata, aligning with our capital recycling strategy and enhancing our portfolio efficiency Block A2 231k sf 0.4 msf Total Leasable Area(1) Block 1A & 1B 14
Slide 12: Delivered 10% YoY DPU Growth
8th Annual Unitholders’ Meeting Delivered 10% YoY DPU Growth Achieved FY2026 financial guidance with a 15% growth in NOI and 10% growth in distributions, on a YoY basis Particulars FY2026 FY2025 Growth (%) Delivered on FY2026 Distribution Guidance Distribution / Unit (₹) ₹24.50 - ₹26.00 FY26 DPU Rev
Slide 13: 16% YoY Growth in NAV
8th Annual Unitholders’ Meeting 16% YoY Growth in NAV Gross Asset Value up by 15% YoY to ₹70.5k crores and Net Asset Value up by 16% YoY to ₹491.62 per unit Particulars (₹ crs) March 31, 2026 GAV Break-up by Segment Gross Asset Value (GAV)(1,2) 70,540 Add: Other Assets 5,202 Less: Other Liabilities
Slide 14: Proactive Debt Management
8th Annual Unitholders’ Meeting Proactive Debt Management Successfully raised ₹11.2k crores during FY2026, including ₹3,400 crores of 10-year NCDs, reducing our in-place debt cost by 65 bps to 7.25% Reduced In-place Debt Cost by 65 bps Raised ₹11.2k crores from a Diverse Investor Pool Insurance 65 b
Slide 15: Delivered 22% Total Returns in FY2026
8th Annual Unitholders’ Meeting Delivered 22% Total Returns in FY2026 92% public float well distributed among foreign & domestic institutions and retail investors. Delivered 22% total returns in FY26 to 135k+ investors Well-diversified Investor Base(1) Increasing Acceptance of REIT as an Investment
Slide 16: Hospitality Business Update
8th Annual Unitholders’ Meeting Hospitality Business Update Our hotel portfolio remained resilient amidst geopolitical tensions; recorded FY2026 occupancy of 63% and ADR growth of 8% YoY Revenue (₹ crs), EBITDA (₹ crs) and Occupancy (%) 26% 50% 56% 63% 63% 504 532 436 339 230 241 184 98 61 (15) FY22
Slide 17: Launched: Hilton Garden Inn Hotel at ETV
8th Annual Unitholders’ Meeting Launched : Hilton Garden Inn Hotel at ETV Actual Picture Note: (1) Apr’26 Picture 17
Slide 18: Looking Ahead
Embassy Splendid TechZone, Chennai Looking Ahead
Slide 19: India Office – Occupier-driven Absorption
8th Annual Unitholders’ Meeting India Office – Occupier-driven Absorption India office demand remains resilient amidst global disruption. Favorable demand-supply dynamics leading to vacancy drop and rent growth Demand and Supply Trends 74.4 80.4 81.2 84.2 30% 20 msf 75 63.9 66.4 60.8 58.7 25% Gross
Slide 20: India – The Office to the World
8th Annual Unitholders’ Meeting India – The Office to the World India remains at the epicenter of global offshoring demand, led by favorable demographics, skilled talent and cost-efficient premium quality spaces offered in India’s gateway cities India’s Dual Structured Advantage Continues(1,2) Over
Slide 21: FY2027 – Guiding to Double-Digit Growth
8th Annual Unitholders’ Meeting FY2027 – Guiding to Double-Digit Growth Guiding to second consecutive year of double-digit growth, with a 13% NOI growth and 10% DPU growth for FY2027, at mid point of guidance range Distributions (₹ per Unit) NOI (₹ crores) ₹27.00 - ₹28.60 ₹4,150 crs - ₹4,350 crs 27.
Slide 22: Multiple Embedded Growth Levers
8th Annual Unitholders’ Meeting Multiple Embedded Growth Levers Our strategy banks on multiple drivers to boost NOI and generate long-term total returns for investors 4.5 msf 4.1 msf Vacant Vacantarea arealease-up next lease-up few years the next –– occupancy few years expected occupancy to stab
Slide 23: Thank You
Embassy Manyata, Bengaluru Thank You
Slide 24: Q&A
Embassy TechVillage, Bengaluru Q&A
Slide 25: Resolutions for Unitholders' Approval
8th Annual Unitholders’ Meeting Resolutions for Unitholders’ Approval To consider, approve and adopt the Audited Standalone Financial Statements and Audited Resolution 1 Consolidated Financial Statements of Embassy REIT, together with the report of the Auditor thereon, and the Annual Report on Act
Slide 26: Key Terms & Definitions
8th Annual Unitholders’ Meeting Key Terms & Definitions Notes: 35. LTM – Last Twelve Months ► All figures in this presentation are as of March 31, 2026, unless otherwise specified 36. Manager – Embassy Office Parks Management Services Private Limited ► All figures corresponding to year denoted with
Slide 27: Disclaimer
8th Annual Unitholders’ Meeting Disclaimer This presentation is issued by Embassy Office Parks Management Services Private Limited (the “Manager”) in its capacity as the Manager of the Embassy Office Parks REIT (“Embassy REIT”), for general information purposes only, without regards to the specific
Slide 28: Investor Contact
INVESTOR CONTACT: Website: www.embassyofficeparks.com |Email: ir@embassyofficeparks.com |Office: +9180 4722 2222
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