Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Knowledge Realty Trust (KRT), India's largest REIT by market cap (over INR 50,000 crores), filed the transcript of its Q3 FY26 earnings call. Q3 revenue grew 21% year-on-year to INR 11,787 million, while net operating income (NOI) rose 19% to INR 10,407 million. The board approved a distribution of INR 1.57 per unit, with 92% of it being tax-exempt or tax-deferred. Portfolio occupancy stood at 92%, with a healthy 1 million sq ft leasing pipeline, and the company achieved an average 25% re-leasing spread year-to-date. Average cost of debt dropped 19 basis points to 7.25%, and the loan-to-value ratio remains low at 18%, giving room for acquisitions. NAV was reported at INR 118 using an 11.48% discount rate. Management indicated they are actively evaluating acquisition opportunities but remain disciplined, focusing on core office assets rather than data centers.
Strong quarterly results and a healthy leasing pipeline are positive for unit holders, supporting steady distributions and long-term growth. The low LTV and improving cost of debt provide flexibility for future accretive acquisitions, which could further boost distributions and unit price.