The Blackrock promoted REIT JV with Embassy put up a strong performance for the Mar-20 quarter. Embassy REITS was the first real estate investment trust in India to list on the stock exchanges. Despite the pressure on realty companies, Embassy REITS reported 10% rise in YOY profits at Rs.461 crore for the Mar-20 quarter. Revenues were up 8% at Rs.543 crore. For the fiscal year 2019-20, Embassy REIT has distributed Rs.1882 crore to shareholders representing approximately Rs.24.39 per unit. The stock delivered 25% return since its listing last year, in the midst of a tough market. Embassy REIT was the first REIT to be officially listed in India after REITS and INVITS were permitted by SEBI in 2014.