Embassy Office Parks REIT Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
February 12, 2021 at 02:48 am EST
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Embassy Office Parks REIT announced unaudited standalone and consolidated earnings results for the third quarter ended December 31, 2020. For the quarter, on standalone basis, the company reported total income of INR 2,360.73 million compared to INR 2,183.87 million a year ago. Profit for the period was INR 1,176.77 million compared to INR 1,244.46 million year ago. Basic and diluted earnings per unit was INR 1.49 compared to INR 1.61 a year ago.
For the nine months, on standalone basis, the company reported total income of INR 7,151.14 million compared to INR 6,312.16 million a year ago. Profit for the period was INR 3,299.94 million compared to INR 4,032.73 million year ago. Basic and diluted earnings per unit was INR 4.24 compared to INR 5.23 a year ago.
For the quarter, on consolidated basis, the company reported total income of INR 5,959.47 million compared to INR 5,681.27 million a year ago. Profit for the period was INR 2,147.96 million compared to INR 2,534.51 million year ago. Basic and diluted earnings per unit was INR 2.72 compared to INR 3.28 a year ago.
For the nine months, on consolidated basis, the company reported total income of INR 17,085.59 million compared to INR 16,603.62 million a year ago. Profit for the period was INR 6,516.00 million compared to INR 7,077.27 million year ago. Basic and diluted earnings per unit was INR 8.38 compared to INR 9.17 a year ago.
Embassy Office Parks REIT (Embassy REIT) is an India-based real estate investment trust. Embassy REIT owns and operates an approximately 45 million square feet (MSF) portfolio of nine infrastructure-like office parks and four city center office buildings in Bengaluru, Mumbai, Pune and the national capital region (NCR). Embassy REIT's portfolio comprises approximately 34.3 MSF completed operating area and is home to over 230 companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under construction hotels and a 100 MW solar park supplying renewable energy to tenants. Embassy REIT segments include Commercial Offices, Hospitality and Other segments. Embassy REIT portfolio properties include Embassy Manyata, Embassy TechVillage, Embassy One, Embassy Business Hub, Express Towers, Embassy 247, Embassy TechZone, FIFC, Embassy Quadron, Embassy Qubix, Embassy Oxygen, Embassy Galaxy, Four Seasons at Embassy One and Hilton at Embassy GolfLinks.
Embassy Office Parks REIT Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020