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Have been very bullish on REITs and especially $Embassy Office Parks REIT since the start of the lockdown. Though there was talk about people not returning to physical work space, i believed in the idea of mean reversion. They have posted a good set of numbers and this is still with 89% occupancy.
Revenue Growth - 36% YoY
Net Operating Income - 30% YoY (though there has been contraction in margins)
EBITDA - 28% YoY(again contraction in margin)
Distribution - 26% YoY(think of it as dividends)
Still trades at a discount to NAV(Rs 388) and potential for further upside once this fear of COVID is completely gone. Will post my views soon on why i choose to go with $Embassy Office Parks REIT instead of the other 2 listed REITs
Revenue Growth - 36% YoY
Net Operating Income - 30% YoY (though there has been contraction in margins)
EBITDA - 28% YoY(again contraction in margin)
Distribution - 26% YoY(think of it as dividends)
Still trades at a discount to NAV(Rs 388) and potential for further upside once this fear of COVID is completely gone. Will post my views soon on why i choose to go with $Embassy Office Parks REIT instead of the other 2 listed REITs