Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue

Knowledge Realty Trust (KRT), India's largest REIT by market cap at over Rs. 52,000 crore, shared its maiden earnings transcript since its August 2025 IPO, which was subscribed 12 times. For H1 FY26, revenue rose 17% year-on-year to Rs. 22,019 million, while net operating income grew 20% to Rs. 19,544 million, maintaining an NOI margin of 89%. The Trust announced its first distribution of Rs. 1.56 per unit, translating to a net distributable cash flow of Rs. 690 crore, with 98% being tax-exempt for unitholders. Portfolio occupancy rose 340 basis points to 92% supported by 1.8 million sq ft of gross leasing at a healthy 29% re-leasing spread. The Trust reduced leverage from 31% to 18% post-listing and refinanced debt at a blended cost of 7.4%, saving 120 basis points, while raising Rs. 16 billion via AAA-rated NCDs at a 7.2% coupon. Management guided to a 93–94% portfolio occupancy by FY26-end and highlighted growth levers including 22% mark-to-market potential, 9.2 million sq ft development pipeline, ROFO assets, and inorganic acquisitions funded through a mix of debt and equity.