EMBASSY OFFICE PARKS REIT
Annual Report FY2021
EMBASSY OFFICE PARKS REIT
Annual Report FY2021
EMBASSY OFFICE PARKS REIT
Annual Report FY2021
EMBASSY REIT AT A GLANCE
Transforming India's
commercial office landscape
Embassy REIT is India's first publicly listed REIT. As Asia's largest office REIT by area, Embassy REIT owns and operates a 42.4 msf portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bengaluru, Mumbai, Pune, and the NCR.
Embassy REIT’s portfolio comprises 32.3 msf in completed operating area and is home to over 190 of the world’s leading companies.
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CHAIRMAN’S MESSAGE
Leading with
confidence and conviction
I thank all our stakeholders who have contributed to our resilient performance in a challenging year.
Jitendra Virwani
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CEO’S MESSAGE
Resilient in the face
of a global storm
In a volatile environment, we have paid US$250 million in distributions, we prudently managed our capital, raised funds at attractive rates, and acquired a world-class asset. We are well positioned to capture the demand for Indian office space once this pandemic abates and as we make ESG central to our business ethos.
Michael D Holland
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Delivering a stable performance
ESG PERFORMANCE
ESG focus at Embassy REIT
Environment
Our sustainability strategy focuses on ecological responsibility, climate change mitigation and long-term resource efficiency.
Social Responsibility
We believe in our employees’ abilities in having a positive impact on our occupiers, the work environment, and the community in which we all live.
Governance
We are committed to adhering to the highest standards of corporate governance in every sphere of management.
Management Discussion and Analysis
The discussion and analysis of our financial condition and results of operations that follow are based on our Audited Consolidated Financial Statements of Embassy REIT and the REIT assets (together known as the Group) for the year ended March 31, 2021.