Revenue up 21% YoY; NOI up 19% YoY; Robust distributions of Rs. 6,953 million
Mumbai, India, February 5, 2026: Knowledge Realty Trust (NSE: KRT / BSE: 544481), India’s largest** and most geographically diverse office REIT, announced its quarterly and nine-month ended December 31, 2025 results, today.
KRT got included in FTSE EPRA Nareit Global REITs index in December 2025, reflecting growing global recognition. The company also saw broadening participation across investor classes, with unitholder base doubling since listing.
Business Highlights:
· Sustained leasing momentum with leasing of 0.6 million square feet in Q3 FY26 taking cumulative leasing for the first nine months of FY26 to 2.4 million square feet.
· Portfolio occupancy at 92%; robust leasing pipeline reinforces continued business momentum.
· Expansions by existing tenants contributed to more than half of YTD leasing, evidencing strong occupier satisfaction and long-term relationships.
· Consistent focus on rent escalation profile has resulted in annual escalations in over 90% of YTD leasing[1].
· Embedded 22% mark-to-market potential supported by a well-phased lease expiry profile.
Financial / Distribution Highlights:
· Strong 19% YoY growth in NOI to Rs. 10,407 million and Revenue up 21% YoY to Rs. 11,787 million.
· Repayment of high-cost debt and repo rate cuts resulted in ~19 bps reduction in average debt cost from 7.44% in Sep’25 to 7.25% in Dec’25.
· Low LTV of 18% enables significant headroom for inorganic growth.
· Declared distributions of Rs. 6,953 million or Rs. 1.57 per unit.
Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said,
“We are delighted to report strong Q3 FY26 operating performance and healthy distributions of Rs. 6,953 million (Rs. 1.57 per unit). We are happy to inform that KRT was included in FTSE EPRA Nareit Global REITs index in December 2025, reflecting growing global recognition. Encouragingly, we continue to see broadening participation across investor classes, with our unitholder base doubling since listing. We enter the final quarter of FY26 with strong operating momentum, a resilient balance sheet and visible growth levers.”
Quaiser Parvez, Chief Operating Officer of Knowledge Realty Trust, said,
“During Q3 FY26, we saw sustained leasing momentum led by expansions from existing marquee tenants, resulting in revenue growth of 21% YoY. NOI grew 19% YoY to Rs. 10,407 million with industry-leading margins. We achieved cumulative leasing of 2.4 msf for the nine months ended December 2025 at an average spread of 25% driven by global and domestic occupiers. With a portfolio representing one of India’s finest Grade-A office ecosystems, concentrated in the strongest markets of the country, we are well positioned to deliver sustainable growth to our unitholders.”
Investor Materials and Quarterly Investor Call Details
Knowledge Realty Trust has released a package of information on the quarterly results and performance, that includes an earnings presentation covering Q3 FY26 results. All these materials are available in the Investor Relations section of our website at www.knowledgerealtytrust.com. Knowledge Realty Trust will host a conference call on Thursday, February 5, 2026 at 16:00 hours Indian Standard Time to discuss the Q3 FY26 results. A replay of the call will be available in the Investor Relations section of our website at www.knowledgerealtytrust.com.