AUDITED HISTORICAL METRICS
Performance & Asset Evolution
Multi-year operational and financial trajectory
Portfolio Area (MSF)
Axis (Y): MSF
Portfolio Footprint Expansion: Total leasable area expanded from 32.7 MSF at IPO (FY20) to 52.5 MSF in FY26 (+60.5% growth). Operational completed area jumped from 24.8 MSF to 43.5 MSF (+75.4%), driven by strategic acquisitions and deliveries.
AUDITED FINANCIAL DISCLOSURES
Comprehensive Historical Metrics Matrix
Year-over-year operational, valuation and cash flow KPIs
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | 7-Yr Trend / CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Portfolio Area (MSF) | 32.7 | 42.4 | 42.8 | 45.0 | 45.4 | 51.1 | 52.5 | +60.5% |
| Completed Operating Area (MSF) | 24.8 | 32.3 | 33.8 | 34.3 | 36.5 | 41.1 | 43.5 | +75.4% |
| NAV per Unit (₹) | ₹374.64 | ₹387.54 | ₹394.00 | ₹395.00 | ₹418.00 | ₹445.91 | ₹491.62 | +31.2% |
| Annual DPU (₹ / Unit) | ₹24.39 | ₹21.48 | ₹21.76 | ₹21.71 | ₹21.33 | ₹23.01 | ₹25.28 | Expanding |
| Net Operating Income (₹ Cr) | ₹1,817 | ₹2,032 | ₹2,491 | ₹2,766 | ₹3,085 | ₹3,283 | ₹3,760 | +106.9% |
| Gross Asset Value (GAV ₹ Cr) | ₹33,000 | ₹46,500 | ₹48,200 | ₹51,000 | ₹55,400 | ₹63,980 | ₹70,540 | +113.8% |
| Committed Occupancy (%) | 92.8% | 88.9% | 84.6% | 86.5% | 87.0% | 87.0% | 90.0% | V-Shaped Recovery |
| WALE (Years) | 7.2 | 7.0 | 7.0 | 7.0 | 6.9 | 7.4 | 8.5 | +1.3 Yrs |
| Re-leasing MtM Spread (%) | +18.5% | +13.2% | +16.0% | +18.7% | +22.0% | +19.5% | +17.0% | Consistent ~18% |
| Hotel Keys (Operational) | 477 | 477 | 1,096 | 1,096 | 1,096 | 1,096 | 1,096 | +130% |
SPONSOR & INSTITUTIONAL GOVERNANCE
Unitholding Pattern
Audited unitholder structure as of June 30, 2026
Sponsor: Embassy Sponsor Group (Management-led Governance)
Sponsor & Promoters8.0%Blackstone / Embassy Group
Foreign Inst. (FII)35.0%Global PE & Sovereign Funds
Domestic Inst. (DII)39.0%Mutual Funds & Insurers
Public & Retail18.0%HNIs & Retail Investors
Sponsor8%
Category Breakdown
Sponsor & Promoter Group8.0%
Foreign Institutional (FII)35.0%
Domestic Institutional (DII)39.0%
Public & Retail Investors18.0%
PHYSICAL ASSET DIRECTORY
Portfolio Assets Breakdown
Key properties, toll corridors, sub-stations & revenue drivers
| Asset / Property Name | Asset Type | Capacity / Footprint | Occupancy | Key Counterparties / Tenants | GAV Share |
|---|---|---|---|---|---|
Embassy Manyata Bengaluru (Hebbal / ORR) | Office Park | 14.6 MSF | 94% | IBM, Cognizant, Target, Nokia, L&T, Rolls Royce, Optum Global | 37% |
Embassy TechVillage (ETV) Bengaluru (Outer Ring Road) | Office Park | 9.2 MSF | 95% | J.P. Morgan, Wells Fargo, Cisco, Sony, Rockwell, Eli Lilly | 22% |
Embassy GolfLinks (50% JV + Pinehurst) Bengaluru (Domlur / CBD) | Office Park | 3.4 MSF | 100% | Google, Microsoft, Goldman Sachs, Fidelity, PwC, JP Morgan | 7% |
Embassy One Bengaluru (Bellary Road) | City Centre | 0.3 MSF | 100% | WeWork, Embassy HQ, Luxury Retail | 1% |
Embassy Business Hub Bengaluru (North Bengaluru) | Office Park | 0.4 MSF | 100% | Aon, Silicon Valley Bank, High-growth Tech GCCs | 1% |
Express Towers Mumbai (Nariman Point / CBD) | City Centre | 0.5 MSF | 100% | Blackstone, Warburg Pincus, McKinsey, HDFC Bank | 3% |
Embassy 247 Mumbai (Vikhroli / LBS Marg) | City Centre | 1.2 MSF | 100% | Cognizant, DHL, Siemens, Nielsen, Axis Bank | 3% |
First International Fin Centre (FIFC) Mumbai (Bandra Kurla Complex / BKC) | City Centre | 0.4 MSF | 100% | Citigroup, Bank of America, Oracle, Standard Chartered | 3% |
Embassy TechZone Pune (Hinjawadi Phase 2) | Office Park | 3.0 MSF | 77% | Tech Mahindra, UBS, IBM, Mercedes Benz, Atos | 4% |
Embassy Quadron Pune (Hinjawadi Phase 2) | Office Park | 1.9 MSF | 24% | Cognizant, eClerx, Allstate, Opus, Mindcrest | 1% |
Embassy Qubix Pune (Hinjawadi Phase 1) | Office Park | 1.5 MSF | 78% | Cisco, Accenture, Wipro, Tata Autocomp | 1% |
Embassy Oxygen Noida (Sector 144, Noida Expy) | Office Park | 3.3 MSF | 90% | MetLife, Optum (UnitedHealth), Sapient, GlobalLogic | 4% |
Embassy Galaxy Noida (Sector 62) | Office Park | 1.4 MSF | 100% | Cognizant, Fiserv, Genpact, Ericsson | 2% |
Embassy Splendid TechZone Chennai (Pallavaram - Thoraipakkam) | Office Park | 2.5 MSF | 84% | Amazon, BNY Mellon, Accenture, Ford GCC | 3% |
Four Seasons at Embassy ONE Bengaluru (Bellary Road) | Hotel | Operational | 47% | Managed by Four Seasons (Ultra Luxury) | 1% |
Hilton at Embassy GolfLinks Bengaluru (Domlur / CBD) | Hotel | Operational | 69% | Managed by Hilton Worldwide (5-Star Luxury) | 1% |
Hilton & Hilton Garden Inn (Manyata) Bengaluru (Manyata Park) | Hotel | Operational | 72% | Dual-branded Hilton convention hub (5 & 3-Star) | 3% |
Hilton & HGI at TechVillage Bengaluru (Outer Ring Road) | Hotel | Under Development | NA | Largest dual-branded hotel complex on ORR (5 & 3-Star) | 1% |
Spark by Hilton Hotel at TechZone Pune (Hinjawadi) | Hotel | Under Development | NA | Select-service business hotel | 0% |
Bellary Solar Park Bellary District, Karnataka | Renewable Solar | Operational | 100% | Captive green solar power supplied to Manyata, ETV & GolfLinks | 1% |