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Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue
Knowledge Realty Trust · 544481
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Knowledge Realty Trust, India's largest REIT, reported Q1 FY27 results with revenue and NOI growing 15% YoY to Rs. 12,431 million and Rs. 11,117 million respectively, and declared record distributions of Rs 7,516 million, up 5% QoQ.
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Knowledge Realty Trust - 544481 - Reg 23(5)(i): Disclosure of material issue
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Date: 28th July, 2026
To, To,
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Department of Corporate Services,
Limited Exchange Plaza, 5th Floor, Plot BSE Limited,
No. C/1, G-Block, Bandra-Kurla 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street,
Complex, Bandra (East), Mumbai – 400001
Mumbai – 400051 Scrip Code: 544481 (“Units”),
Scrip Code: KRT 977158, 977536 and 977888 (“Non-Convertible Debentures”)
and 731643 (“Commercial Papers”)
Dear Sir/ Madam,
Subject: Press Release and Earnings Presentation for the quarter ended 30th June, 2026.
In continuation to our intimation dated 28th July, 2026, regarding the outcome of the Board Meeting of Knowledge
Realty Office Management Services Private Limited, Manager to Knowledge Realty Trust, held in connection
with the quarter ended 30th June, 2026, on 28th July, 2026, please see enclosed the:
1. Press Release for the quarter ended 30th June, 2026 as Annexure A; and
2. Earnings Presentation for the quarter ended 30th June, 2026 as Annexure B.
The above information will also be uploaded on our website at www.knowledgerealtytrust.com
Kindly take the same on your records.
Thanking you,
For and on behalf of Knowledge Realty Trust, acting through its Manager,
Knowledge Realty Office Management Services Private Limited
Ashutosh Vaidya
Company Secretary & Compliance Officer
Membership No. A14242
Encl: As above
KNOWLEDGE REALTY TRUST acting through its manager – Corp. Office: Salarpuria, Windsor #3, Registration No.: IN/REIT/24-25/0006
KNOWLEDGE REALTY OFFICE MANAGEMENT SERVICES PRIVATE LIMITED 2nd Floor, Ulsoor Road, Sivan Chetty Telephone: +91 22 68684400
(Formerly known as Trinity Office Management Services Private Limited) Gardens, Bangalore- 560042, E-mail: info@knowledgerealtytrust.com
RO: One BKC, C-407, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra Karnataka, India Website: www.knowledgerealtytrust.com
(E), Mumbai – 400051, Maharashtra, India
Knowledge Realty Trust, India’s largest REIT1, delivers strong Q1 FY27 results.
Revenue & NOI up 15% YoY; Record distributions of Rs. 7,516 million, up 5% QoQ
Mumbai, India, July 28, 2026: Knowledge Realty Trust (NSE: KRT / BSE: 544481), India’s largest1 and most
geographically diverse office REIT, announced its quarterly results for the period ended June 30, 2026, today.
Business Highlights:
• Portfolio occupancy reached 93%, up 100 bps during the quarter, aided by gross leasing of 1.4 million square feet
• Front office demand contributed over 50%2 of gross leasing during the quarter
• Realized average spread of 35% on new leasing and 29% on renewals during the quarter
• Mumbai portfolio occupancy reached 92%, up 300 bps QoQ. Front office demand drove Central Mumbai portfolio
occupancy to 93%, up 1,400 bps since Mar’25
• KRT’s ‘Occupier First’ strategy resulted in client stickiness and multi-fold growth by existing clientele. 58%2 of
new leasing in the quarter came from existing tenant expansions
• Achieved annual escalations in over 93%2 of leasing during the quarter
Financial / Distribution Highlights:
• For the quarter, revenue and NOI grew 15% YoY to Rs. 12,431 million and Rs. 11,117 million respectively
• Declared record distributions of Rs 7,516 million translating to DPU of Rs 1.70 per unit, up 5% QoQ
• 84% of the distribution is tax-efficient in the hands of unitholders
• Raised debt of Rs 11,000 million during the quarter at a blended rate of 7.2%3
• Increased fixed rate debt to 30%, up from 0% at listing, less than a year ago
• Low LTV of 18% enables significant headroom for inorganic growth
Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said,
“We are delighted to report a strong start to FY27, with both revenue and NOI growing 15% YoY to Rs. 12,431 million and
Rs. 11,117 million respectively. Distributions for the quarter were Rs 7,516 million, a robust 5% growth from the last quarter.
Portfolio occupancy increased to 93%, driven by robust front-office demand, which contributed over half of our gross
leasing during the quarter. With a best-in-class AI resilient portfolio, concentrated in the strongest markets of the country,
we are well positioned to deliver multi-year growth to our unitholders.”
1 Largest REIT in India by Market Capitalization as of July 27, 2026
2 % by Gross Rents
3 p.a.p.q. basis
Investor Materials and Quarterly Investor Call Details
Knowledge Realty Trust has released a package of information on the results and performance, which includes an earnings
presentation covering Q1 FY27 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 Tuesday, July 28, 2026, at 16:00
hours Indian Standard Time to discuss the Q1 FY27 results. A replay of the call will be available in the Investor Relations
section of our website at www.knowledgerealtytrust.com.
About Knowledge Realty Trust
Knowledge Realty Trust, co-sponsored by Sattva4 and Blackstone5, is India’s largest REIT6 and most geographically
diverse office REIT. Its portfolio comprises 29 best-in-class Grade-A office assets totalling 46.5 million square feet as of
June 30, 2026, with 37.3 million square feet of Completed Area, 2.6 million square feet under construction area and 6.6
million square feet of future development area spread across 6 cities in India. With a multi-market geographical presence
and assets comprising both front offices and integrated business parks/centers, our portfolio reflects a broad proxy of the
Indian office market. Our portfolio comprises 6 city-center offices and 23 integrated business parks/centers, in the best
sub-markets of the country. Our portfolio houses over 475 tenants comprising prominent multinational tenants, including
Fortune 500 companies and GCCs, as well as leading domestic corporates.
For more information please contact:
Senthil Kumar
Senior Vice President - Investor Relations
Email: ir@knowledgerealtytrust.com
Phone: +91 22 6868 4400
4 Sattva Developers Private Limited
5 BREP Asia SG L&T Holding (NQ) Pte. Ltd
6 Largest REIT in India by Market Capitalization as of July 27, 2026
Disclaimer
This press release is prepared for general information purposes only and should be considered in conjunction with the presentation on
earnings material for the relevant period. The information contained herein is based on management information and estimates. It is
only current as of its date, has not been independently verified and may be subject to change without notice. Knowledge Realty
Management Services Private Limited (formerly Trinity Office Management Services Private Limited) (“the Manager”) in its capacity
as the Manager of Knowledge Realty Trust (“KRT”), and KRT make no representation or warranty, express or implied, as to, and do
not accept any responsibility or liability with respect to, the fairness and completeness of the contents hereof. Each recipient is solely
responsible for its own investigation, assessment and analysis of the market and the market position of KRT. KRT does not provide any
guarantee or assurance with respect to any distribution or the trading price of its units.
This press release contains forward-looking statements based on the currently held beliefs, opinions and assumptions of the Manager.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
financial condition, performance, or achievements of KRT or industry results, to differ materially from the results, financial condition,
performance or achievements expressed or implied by such forward-looking statements. Given these risks, recipients of this press release
are cautioned not to place undue reliance on these forward-looking statements. The Manager disclaims any obligation to update these
forward-looking statements to reflect future events or developments or the impact of events which
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