Embassy Office Parks REITが2019－20年度第2四半期決算を発表

AsiaNet 81570 （2236）

【ベンガルール（インド）2019年11月11日PR Newswire＝共同通信JBN】

＊四半期分配金は46億3300万インドルピー（以下ルピー）と2四半期連続の好業績を報告

インド初の上場REITで地域別ではアジア最大であるEmbassy Office Parks REIT（NSE: Embassy）（BSE: 542602）（以下、「Embassy REIT」）は11日、2019年9月30日に終了した第2四半期決算を発表した。

Logo: https://mma.prnewswire.com/media/959202/Embassy_Office_Parks_Logo.jpg

Embassy REITのマイケル・ホランド最高経営責任者（CEO）は決算内容にコメントし、「当社は、世界中の入居者に世界クラスのスペースソリューションを提供するというわれわれの基本的コミットメントを通じて、ユニット投資信託の投資者に2四半期連続の好業績と分配金を報告することをうれしく思う。世界中の企業は、高度な教育を受け、高いスキルを持ち、技術志向の従業員をリーズナブルなコストで探し続けており、このことがインドのオフィスと当社のポートフォリオに対する需要を一貫して押し上げている。当社は今、今会計年度下半期にこの堅実な業績を継続することに焦点を向けている」と語った。

▽分配金

Embassy REITの管理社であるEmbassy Office Parks Management Services Private Limited （EOPMSPL）の取締役会は11日開いた取締役会で、46億3000万ルピー、1株当たり6.00ルピーの四半期分配金を宣言した。これにより2020年度上半期の累積分配金は合計87億9700万ルピー、1株当たりでは11.4ルピーとなった。2020年度第2四半期分配の記録日は2019年11月19日で、分配金は2019年11月26日までに支払われる。

▽財務ハイライト

＊2020年度第2四半期の営業収入は52億600ルピーと、前年同期比15%、2020年度上半期の累積営業収入は17%、それぞれ増加した

＊同四半期の純営業利益（NOI）は43億8400万ルピーと、前年同期比16%、2020年度上半期の累積では18%、それぞれ増えた

＊同四半期および2020年度上半期のNOIマージンはいずれも84%

＊2019年9月30日時点の対TEV純債務は11%と、Embassy REITは保守的バランスシートを維持

▽事業ハイライト

＊2019年9月30日時点のポートフォリオ入居率は94.7%に上昇し、前年比100bps増

＊同四半期の新規賃貸面積は59万5000平方フィートで、c.50万平方フィートの強力なパイプライン付き

＊2020年度上半期の累積新規賃貸面積はc.120万平方フィートで、過去1年間の再賃貸面積はc.90万平方フィート、スプレッドは67%

＊合計140万平方フィートの完成間近のオフィス開発プロジェクトはいずれも、2四半期先の賃貸開始予定を目指し、23%は既に事前賃貸契約済で、さらにc.40万平方フィートがパイプラインにある

Embassy REITのビカーシュ・ヒュドロヤ副CEO兼最高執行責任者（COO）は「当社の堅実な賃貸活動は、当社事業の規模と質、および引き続き強力な市場ファンダメンタルズを反映している。当社の開発プログラムは予定よりも早く進行しており、将来の無機的成長機会に資金を提供するための資金は十分にある」と語った。

▽投資家向け資料と四半期の投資家向けカンファレンスコールの詳細

Embassy REITは四半期決算と業績に関する資料パッケージをリリースした。これには（i）2019年9月30日に終了した四半期および半期の非連結および連結財務諸表の要約、（ii）2020年度第2四半期決算をカバーする投資家向けプレゼンテーション、（iii）グローバルREITの最善の報告慣行に沿った補足的な営業および財務データブック、が含まれている。これらすべての資料はEmbassy REITのウェブサイトir.embassyofficeparks.com の投資家関係セクションで入手可能である。

Embassy REITはインド標準時間2019年11月11日午後6時30分にカンファレンスコールを主催し、2020年度第2四半期決算を討議する。カンファレンスコールの回答は2019年11月26日までEmbassy REITのウェブサイトir.embassyofficeparks.com の投資家関係セクションで入手可能である。

▽Embassy REITについて

Embassy Office Parksはインド初で唯一の上場REITである。Embassy REITはインド全土の2500万平方フィートの完成済みで使用可能な商業用不動産物件で構成される。パイプラインにある約800万平方フィートのキャンパス内開発により、総ポートフォリオはインドの最高業績のオフィス市場であるベンガルール、ムンバイ、プネー、デリー首都圏（NCR）の7つのグレードAのオフィスパークと4つの市内中心部のオフィスビル全体で3300万平方フィートに及ぶ。ポートフォリオには165の優良企業入居者が入っており、2つの完成したホテル、2つの完成したホテル、2つの建設中のホテル、パークテナントに再生可能エネルギーを供給する100MWのソーラーパークなど、戦略的アメニティーを備えた75の建物で構成されている。

▽問い合わせ先

Ritwik Bhattacharjee

Head of Investor Relations

Email: ir@embassyofficeparks.com

Phone: +91-80-3322-2222

ソース：Embassy Office Parks REIT

PR81570

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

BENGALURU, India, Nov. 11, 2019 /PRNewswire=KYODO JBN/ --

Embassy Office Parks REIT (NSE: EMBASSY)  (BSE: 542602) ('Embassy REIT'),

India's first listed Real Estate Investment Trust (REIT) and the largest in

Asia by area, reported results today for the second quarter ended September 30,

2019.

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Commenting on the results, Michael Holland, Chief Executive Officer of Embassy

REIT, said, "We are pleased to report another strong quarter of performance and

distributions to our Unitholders through our underlying commitment to provide

world class space solutions to global occupiers. Companies all around the world

continue to look for highly educated, highly skilled, technologically oriented

employees at a reasonable cost and this continues to drive the consistent

demand for Indian office and for our portfolio. We now turn our focus to

continue this solid performance in the second half of the financial year."     

Distribution

The Board of Directors of Embassy Office Parks Management Services Private

Limited ('EOPMSPL'), Manager to Embassy REIT, at its Board Meeting held earlier

today, declared a distribution of Rs 4,630 million or Rs. 6.00 per unit for 2Q

FY2020. With this, cumulative distribution for 1H FY2020 totals Rs.8,797

million or Rs.11.4 per unit. The record date for 2Q FY2020 distribution is

November 19, 2019 and the distribution will be paid on or before November 26,

2019.  

Financial Highlights

- Revenue from Operations for 2Q FY2020 grew year-on-year by 15% to Rs. 5,206

million and cumulatively grew year-on-year by 17% for 1H FY2020

- Net Operating Income for 2Q FY2020 grew year-on-year by 16% to Rs. 4,384

million and cumulatively grew year-on-year by 18% for 1H FY2020

- Net Operating Income margin for 2Q FY2020 and 1H FY2020 stood at 84%

- Conservative balance sheet with Net Debt to TEV at 11% as at September 30,

2019

Business Highlights

- Portfolio occupancy increased to 94.7% as on September 30, 2019; an increase

of 100 bps year-on-year

- New leasing during 2Q FY2020 was 595k sf with a strong pipeline of over

c.500k sf

- Cumulative new leasing for 1H FY2020 stood at c.1.2 msf with a 67%

mark-to-market spread on c.0.9msf re-leases YTD

- Near-term office development projects totaling 1.4 msf are tracking two

quarters ahead of targeted delivery with 23% already pre-let and additional

c.400k sf pipeline

Vikaash Khdloya, Deputy Chief Executive Officer and Chief Operating Officer of

Embassy REIT, said, "Our robust leasing activity reflects the scale and quality

of our business and the continued strong market fundamentals. Our development

program is progressing ahead of schedule and we are well capitalized to fund

future inorganic growth opportunities."

Investor Materials and Quarterly Investor Call Details

Embassy REIT has released a package of information on the quarterly results and

performance, that includes

(i) condensed standalone and consolidated financial statements for the Quarter

and Half-year ended September 30, 2019, (ii) an investor presentation covering

2Q FY2020 results, and (iii) a supplemental operating and financial data book

that is in line with leading reporting practices across global REITs. All these

materials are available in the Investor Relations section of the REIT's website

at ir.embassyofficeparks.com  

Embassy REIT will host a conference call on November 11, 2019 at 18:30 hours

Indian Standard Time to discuss the 2Q FY2020 results. A replay of the call

will be available till November 26, 2019 on the Investor Relations section of

the REIT's website at ir.embassyofficeparks.com  

Disclaimer

This press release is prepared for general information purposes only. The

information contained herein is based on management information and estimates.

It is only current as of its date, has not been independently verified and may

be subject to change without notice. Embassy Office Parks Management Services

Private Limited ("the Manager") and Embassy REIT make no representation or

warranty, express or implied, as to, and do not accept any responsibility or

liability with respect to, the fairness and completeness of the content hereof.

Each recipient will be solely responsible for its own assessment of the market

and the market position of Embassy REIT.

This press release contains forward-looking statements. Forward-looking

statements involve known and unknown risks, uncertainties and other factors,

which may cause the actual results, financial condition, performance, or

achievements or industry results, to differ materially from those expressed or

implied by such forward-looking statements. Given these risks, uncertainties

and other factors, recipients of this press release are cautioned not to place

undue reliance on these forward-looking statements. The Manager assumes no

responsibility to amend or update any forward-looking statements.

This press release contains certain financial measures which are not measures

determined based on GAAP, Ind-AS or any other internationally accepted

accounting principles, and the recipient should not consider such items as an

alternative to the historical financial results or other indicators of the

Embassy REIT's cash flow based on Ind-AS or IFRS. These non-GAAP financial

measures, as defined by the Manager, may not be comparable to similarly titled

measures as presented by other REITs due to differences in the way non-GAAP

financial measures are calculated. Even though the non-GAAP financial measures

are used by management to assess the Embassy REIT's financial position,

financial results and liquidity and these types of measures are commonly used

by investors, they have important limitations as analytical tools, and you

should not consider them in isolation or as substitutes for analysis of the

Embassy REIT's financial position or results of operations as reported under

Ind-AS.

Investors should also take note that Embassy REIT was listed on April 1, 2019

and the Embassy REIT assets were acquired between March 22, 2019 to March 25,

2019. Accordingly, the comparative quarterly financial information has been

prepared by comparing combined unaudited financial statements for first quarter

of FY 2018-19 (assuming that the Embassy REIT held the REIT assets in its

present form during Quarter and Half-year ended September 30, 2018) as against

condensed consolidated financial statements for during Quarter and Half-year

ended September 30, 2019.

About Embassy REIT

Embassy Office Parks is India's first and only listed REIT. The REIT comprises

25 msf of completed and operational commercial properties across India. With

approximately 8 msf of on-campus development in the pipeline, the total

portfolio spans 33 msf across seven Grade A office parks and four city-center

office buildings in India's best performing office markets of Bengaluru,

Mumbai, Pune and the National Capital Region (NCR). The portfolio is home to

165 blue chip corporate occupiers, and comprises 75 buildings with strategic

amenities, including two completed hotels, two under-construction hotels, and a

100MW solar park that supplies renewable energy to park tenants.

For more information please contact:

Ritwik Bhattacharjee

Head of Investor Relations

Email: ir@embassyofficeparks.com

Phone: +91-80-3322-2222

Source: Embassy Office Parks REIT