Embassy Office Parks REIT on Thursday reported a 4 percent annual growth in revenue from operations at ₹889 crore for the second quarter of this fiscal year and declared distribution of ₹524 crore to unitholders.

Revenue from operations stood at ₹857.12 crore in the year-ago period, according to a regulatory filing.

The board of Embassy Office Parks Management Services Pvt Ltd, Manager to Embassy REIT, declared a distribution of ₹524 crore or ₹5.53 per unit for the second quarter (July-September) of this fiscal year.

Aravind Maiya, Chief Executive Officer of Embassy REIT, said, the company reported a record quarter of leasing of 2 million square feet.

"For the first half of FY2024, we have successfully leased 3.1 million square feet, and the outlook for the full year looks promising, bolstered by a record leasing pipeline of 2.5 million square feet," he said.

Maiya said the company has revised leasing guidance of 6.5 million square feet this fiscal year from the earlier announced 6 million square feet.

During the July-September period of this fiscal, Embassy REIT leased a record 2 million square feet across 25 deals including 1.2 million square feet of new leases. It signed 7 new deals over one lakh square feet, reflecting a return of large deal closures.

"Significant demand from Global Captive Centres (GCCs) accounting for over 70 percent of total leasing activity," Embassy REIT said.

The company's consolidated net profit increased to ₹216.67 crore in the second quarter of this fiscal year from ₹128.46 crore in the year-ago period. Total income rose to ₹939.33 crore from ₹895.90 crore in the year-ago period.