Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Knowledge Realty Trust reported strong FY26 results with revenue of INR4,577 crores (up 16% YoY) and NOI of INR4,048 crores (up 18% YoY). The REIT distributed INR2,101.9 crores to unitholders, exceeding IPO projections. Q4 distributions stood at INR1.62 per unit. The company reduced its cost of debt from 8.6% to 7.2% during the year by raising INR42,000 million at blended cost of 7.3%. Portfolio occupancy reached 92% with 3.5 million sq ft of leasing in FY26 and leasing spread of 26%. The company commenced construction of a new 1.4 million sq ft block at Sattva Global City in Bangalore and has a ROFO pipeline of 6.7 million sq ft with 25% mark-to-market potential. The management indicated that the tax-efficient distribution portion will normalize to 75-78% going forward.
KRT continues to deliver strong operational performance with margin expansion and debt cost reduction. The company is well-positioned to capture mark-to-market upside, particularly in Mumbai (three-fourths of INR150 crore MTM potential). The focus on GCC occupiers (45% of gross rentals) and front-office assets (31%) provides AI-resilience and stable cash flows. Distributions exceeding IPO guidance signals financial discipline.