Embassy Office Parks REIT declares distribution of Rs. 5.61 per unit

The Board of Directors of Embassy Office Parks Management Services Private Limited ("EOPMSPL"), Manager to Embassy Office Parks REIT ("Embassy REIT"), at its Meeting held on Thursday, April 27, 2023, through Audio-Visual Electronic Communication has declared distribution of ₹5,317.68 million (Indian Rupees Five Thousand Three Hundred and Seventeen point Six Eight million Only) / ₹5.61 (Indian Rupees Five point Six One paise Only) per Unit for the quarter ended March 31, 2023. The distribution comprises ₹815.19 million (Indian Rupees Eight Hundred and Fifteen point One Nine million Only) / ₹0.86 (Indian Rupees Zero point Eight Six paise only) per Unit in the form of interest, less applicable taxes, if any, ₹2,663.58 million (Indian Rupees Two Thousand Six Hundred and Sixty Three point Five Eight million Only) / ₹2.81 (Indian Rupees Two point Eight One paise Only) per Unit in the form of dividend and ₹1,838.91 million (Indian Rupees One Thousand Eight Hundred and Thirty Eight point Nine One million Only) / ₹1.94 (Indian Rupees One point Nine Four paise Only) per Unit in the form of repayment of SPV level debt.

Together with distributions already made during the three previous quarters, the distributions for the full year ended March 31, 2023, amounts to ₹ 20,578.77 million (Indian Rupees Twenty Thousand Five Hundred and Seventy Eight point Seven Seven million Only) / ₹21.71 (Indian Rupees Twenty One point Seven One paise Only) per Unit.

Shares of Embassy Office Parks REIT was last trading in BSE at Rs. 322.33 as compared to the previous close of Rs. 317.02. The total number of shares traded during the day was 8889 in over 368 trades.

The stock hit an intraday high of Rs. 323.42 and intraday low of 315.02. The net turnover during the day was Rs. 2851368.00.

Source : Equity Bulls

Keywords

EmbassyOfficeParksREIT Distribution Q4FY23