India had no listed REITs till about 2 years ago and as of March 2021, we have 3. Embassy Office Parks REIT, MindSpace and the most recent entrant – Brooksfield. Of the 3, Embassy has completed 2 years of listing now since its launch in March 2019. You can read an initial write up on […]
Update: Embassy REIT 2QFY2021 is down
I began coverage of Embassy Office Parks REIT in July 2020 with an idea to understand REITs in general as well as the specific investment opportunity. Using the annual report of FY2020 as the basis, it appeared then that the REIT stood strong against COVID headwinds. Loaded with Commercial Grade A properties occupied by bluechip […]
Embassy REIT – All that you need to know
The first REIT in India got listed only in 2019. This was the Embassy REIT, which raised about Rs. 4500 crores in March 2019. The REIT was listed at a price of Rs. 300, went up to Rs 512 and then closed the FY 2019-20 at Rs. 351. When the pandemic set in, there was […]
