Valuation Embassy Office Parks REIT

Equities

End-of-day quote NSE India S.E. Other stock markets 2026-03-11			5-day change	1st Jan Change
422.28 ^INR	+0.26%		-0.87%	-3.00%

Mar. 05	Embassy Office Parks REIT Raises INR 14,000 Million From Insurance Major Via 10-Year NCD Issue	CI
Mar. 02	Embassy Office Parks REIT completed the acquisition of Eleanor Realty Holdings India Private Limited from Tech Park Holdings Pte. Ltd. and Futura Techpark Private Limited.	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	308,492	352,379	295,904	350,351	346,446	400,277	-	-
Change	-	14.23%	-16.03%	18.4%	-1.11%	15.54%	-	-
Enterprise Value (EV) ¹	405,087	467,277	435,205	508,162	537,753	606,658	620,167	634,243
Change	-	15.35%	-6.86%	16.76%	5.82%	12.81%	2.23%	2.27%
P/E ratio	38.2x	39.7x	58.5x	36.3x	21.3x	41x	33.7x	27.8x
PBR	1.14x	1.36x	1.21x	1.51x	1.52x	1.89x	2.05x	2.25x
PEG	-	3.98x	-1.4x	0.4x	0.3x	-1x	1.6x	1.3x
Capitalization / Revenue	13.1x	11.9x	8.65x	9.51x	8.58x	8.57x	7.61x	6.81x
EV / Revenue	17.2x	15.8x	12.7x	13.8x	13.3x	13x	11.8x	10.8x
EV / EBITDA	20.6x	19.3x	16.2x	18.3x	17.7x	16.9x	15.3x	14x
EV / EBIT	29x	28.7x	27.9x	28.2x	28.2x	25.1x	22.1x	19.5x
EV / FCF	36.7x	48.4x	29.5x	52.9x	40.5x	18.8x	18x	17.9x
FCF Yield	2.72%	2.07%	3.39%	1.89%	2.47%	5.33%	5.56%	5.58%
Dividend per Share ²	21.48	21.76	21.71	21.33	23.01	25.48	28.55	31.58
Rate of return	6.6%	5.85%	6.95%	5.77%	6.3%	6.03%	6.76%	7.48%
EPS ²	8.52	9.37	5.34	10.17	17.14	10.3	12.53	15.19
Distribution rate	252%	232%	407%	210%	134%	247%	228%	208%
Net sales ¹	23,603	29,626	34,195	36,852	40,389	46,686	52,591	58,812
EBITDA ¹	19,693	24,250	26,885	27,693	30,464	35,885	40,404	45,249
EBIT ¹	13,986	16,286	15,601	18,003	19,049	24,129	28,083	32,511
Net income ¹	6,984	8,884	5,060	9,640	16,244	9,867	11,878	14,422
Net Debt ¹	96,595	114,898	139,301	157,811	191,307	206,382	219,891	233,966
Reference price ²	325.45	371.75	312.17	369.61	365.49	422.28	422.28	422.28
Nbr of stocks (in thousands)	947,894	947,894	947,894	947,894	947,894	947,894	-	-
Announcement Date	4/29/21	4/28/22	4/27/23	4/25/24	4/29/25	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
EMBASSY OFFICE PARKS REIT	40.88x	12.97x	16.88x	6.05%	4.35B
BXP, INC.	30.02x	6.87x	12.08x	5.24%	8.48B
NIPPON BUILDING FUND INC.	29.4x	18.36x	29.73x	3.42%	8.06B
JAPAN REAL ESTATE INVESTMENT CORPORATION	25.58x	16.66x	27.9x	3.99%	5.77B
DEXUS	9.7x	14.43x	14.46x	5.89%	4.8B
COUSINS PROPERTIES INCORPORATED	77.16x	6.97x	10.87x	5.59%	3.9B
COLONIAL SFL, SOCIMI, S.A.	8.39x	18.42x	22.46x	6.28%	3.78B
COPT DEFENSE PROPERTIES	24.16x	8.05x	15.13x	3.95%	3.65B
KILROY REALTY CORPORATION	67.14x	7.31x	12.65x	7.44%	3.44B
MINDSPACE BUSINESS PARKS REIT	40.3x	13.09x	17.46x	5.12%	3.26B
Average	35.27x	12.31x	17.96x	5.3%	4.95B
Weighted average by Cap.	33.27x	12.57x	18.77x	5.09%