Embassy Office Parks REIT
Embassy Office Parks REIT owns, operates and invests in rent or income generating real estate and related assets in India.[1] It is India's first publicly listed REIT and is Asia's largest official REIT by area.[2]
It is a Real Estate Investment Trust (REIT) that owns, operates or finances income producing real estate. It gives all investors access to the benefits of real estate investment with the advantage of investing in publicly traded units.
As per Indian regulations, it is compulsory for the REIT to distribute at least 90% of its cash flows to the unitholders of the trust.[3]
- Market Cap ₹ 35,199 Cr.
- Current Price ₹ 371
- High / Low ₹ 407 / 327
- Stock P/E 40.1
- Book Value ₹ 273
- Dividend Yield 0.00 %
- ROCE 4.52 %
- ROE 3.32 %
- Face Value ₹ 300
Pros
- Company has been maintaining a healthy dividend payout of 258.04%
Cons
- Tax rate seems low
- Company has a low return on equity of 3.12% for last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Real Estate Investment Trusts Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
-0 | 2,193 | 2,457 | 3,053 | |
9 | 655 | 602 | 663 | |
Operating Profit | -9 | 1,538 | 1,855 | 2,390 |
OPM % | 70% | 75% | 78% | |
-0 | 168 | 115 | 132 | |
Interest | -0 | 382 | 645 | 829 |
Depreciation | -0 | 528 | 571 | 796 |
Profit before tax | -9 | 796 | 754 | 896 |
Tax % | -0% | 4% | 7% | 1% |
Net Profit | -9 | 766 | 698 | 888 |
EPS in Rs | -0.12 | 9.92 | 7.37 | 9.37 |
Dividend Payout % | -0% | 243% | 296% | 235% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 356% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 3% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
22,904 | 22,912 | 28,826 | 28,826 | |
Reserves | -9 | -594 | -1,733 | -2,940 |
7,847 | 5,746 | 10,656 | 12,136 | |
5,953 | 5,426 | 7,331 | 7,164 | |
Total Liabilities | 36,695 | 33,490 | 45,079 | 45,187 |
26,756 | 27,007 | 37,428 | 38,878 | |
CWIP | 502 | 411 | 1,371 | 710 |
Investments | 2,552 | 3,636 | 2,412 | 2,363 |
6,885 | 2,436 | 3,868 | 3,235 | |
Total Assets | 36,695 | 33,490 | 45,079 | 45,187 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
3 | 1,696 | 1,870 | 2,367 | |
211 | -2,148 | -3,041 | -1,182 | |
4,747 | -4,197 | 1,777 | -1,514 | |
Net Cash Flow | 4,961 | -4,650 | 606 | -329 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|
Debtor Days | 4 | 7 | 7 | |
Inventory Days | ||||
Days Payable | ||||
Cash Conversion Cycle | 4 | 7 | 7 | |
Working Capital Days | -176 | -148 | -147 | |
ROCE % | 4% | 4% | 5% |
Documents
Announcements
- Participation In Kotak Institutional Equities Real Estate Forum (June 28 - 30, 2022) 1d
- Compliance-57 (5) : intimation after the end of quarter 30 Jun
- Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 30 Jun
- Closure of Trading Window 27 Jun
- Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015, As Amended (The 'PIT Regulations') And The Code On Unpublished Price Sensitive Information And Dealing In Securities Of Embassy Office Parks REIT (The 'Code') 27 Jun
Annual reports
Concalls
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
Assets Portfolio
The trust's portfolio primarily comprises of various office parks and office buildings. It also include strategic amenities like hotels, and also a solar park.[1]
Presently, it owns and operates 8 office parks and 4 prime city-center offices with a total area available for lease of ~42.4 million sq. ft. across various cities such as Bangalore, Pune, NCR & Mumbai.[2][3]
Its assets also include 4 hotels with ~1,600 hotel rooms and a 100 MW solar project.[4][5]
Out of the total area, ~5.7 million sq. ft is in the development pipeline.[6]