Distribution Announcement Details
The board of Knowledge Realty Trust approved a distribution of Rs 690 crore to its unit holders for the quarter that concluded on September 30, 2025. This
distribution translates to Rs 1.55 per unit, a move that underscores the REIT's solid financial standing. The distribution consists of several components, with Rs 615.50 crore allocated as a dividend, Rs 13.30 crore as interest (less any applicable taxes), and Rs 61.19 crore as a repayment of capital. This announcement occurred after the company's successful Initial Public Offering (IPO), further solidifying its presence in the market. The distribution demonstrates confidence in the company’s ability to generate returns for its unit holders and its overall performance.
Operational Highlights Unveiled
During the initial half of fiscal year 2026, Knowledge Realty Trust witnessed robust momentum, marked by gross leasing of 1.8 million square feet. The company's occupancy rates continued to climb, registering a 340 basis point year-on-year increase, resulting in a portfolio occupancy rate of 92%. This positive trend is supported by strong demand from Global Capability Centers (GCCs) and domestic sectors. Knowledge Realty Trust's portfolio includes 29 Grade-A office assets. The total area amounts to 46.4 million square feet as of September 30, 2025, with 37.1 million square feet already completed, 1.2 million square feet currently under construction, and 8 million square feet earmarked for future development across six cities in India. This expansion reflects the company’s strategic growth plans and its commitment to the Indian real estate market.
Financial Performance Analysis
In the second quarter of the fiscal year, Knowledge Realty Trust reported a revenue of Rs 1,123.8 crore, coupled with a net operating income (NOI) of Rs 988.1 crore. Chief Executive Officer of Knowledge Realty Trust, Shirish Godbole, highlighted the company’s substantial financial growth during the first half of the fiscal year. Revenue increased by 17% year-on-year to reach Rs 22,019 million, and NOI saw a 20% rise, reaching Rs 19,544 million. These figures indicate a strong financial performance and underscore the REIT's ability to drive profitability and enhance shareholder value. These metrics reflect the REIT’s effective management and solid positioning within the real estate market. The financial data further emphasizes the company’s potential for sustained expansion and robust returns.
