• DPU guidance: First-quarter distribution per unit was slightly lower due to property and cash tax payments from the previous year, but the company maintained its full-year DPU growth guidance of 10%.
• Leasing performance: Embassy leased 1.3 million square feet in Q1 across 17 transactions with a 10% higher spread, maintaining an occupancy guidance of 92% for the year.
• GCC demand share: Global Capability Centers (GCCs) accounted for 81% of Q1 leasing and generate 68% of total rental revenue, with Bangalore continuing to drive the majority of absorption.
• Portfolio expansion: The company is developing 6.2 million square feet organically for ₹3,500 crore to yield ₹610 crore in stabilized NOI, alongside 10–12 million square feet of potential inorganic acquisitions over 4–5 years.
• Hospitality segment: Embassy launched the Hilton Garden Inn at Embassy Tech Village in Bangalore, achieving 18% occupancy and an average daily rate exceeding ₹19,000 in its first month.