InvestorQ : How did Embassy REITS manage to report such strong numbers despite the real estate segment being under pressure?
diksha shah made post

How did Embassy REITS manage to report such strong numbers despite the real estate segment being under pressure?

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1 year ago
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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.

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