Knowledge Realty Trust, India’s largest REIT by market capitalisation, reported strong third-quarter performance for FY26, with revenue rising 21 per cent year-on-year to ₹1,178.7 crore and net operating income growing 19 per cent. | Photo Credit:
Knowledge Realty Trust, India’s largest real estate investment trust by market capitalization, reported strong third-quarter results for fiscal year 2026, with revenue climbing 21 per cent year-on-year to ₹1,178.7 crore and net operating income rising 19 per cent to ₹1,040.7 crore. The company declared distributions of ₹695.3 crore, or ₹1.57 per unit.
The Mumbai-based REIT leased 0.6 million square feet during the quarter ended December 31, 2025, bringing cumulative leasing for the first nine months of FY26 to 2.4 million square feet. Portfolio occupancy stood at 92 per cent, with tenant expansions accounting for more than half of year-to-date leasing activity.
Knowledge Realty Trust achieved a notable milestone in December 2025 with its inclusion in the FTSE EPRA Nareit Global REITs index. The company also reported that its unitholder base has doubled since listing, indicating broader investor participation.
The REIT’s financial position improved as debt repayment and repo rate cuts reduced average debt cost by 19 basis points from 7.44 per cent in September 2025 to 7.25 per cent in December 2025. With a low loan-to-value ratio of 18 per cent, the company maintains significant acquisition capacity.
Co-sponsored by Sattva and Blackstone, Knowledge Realty Trust’s portfolio comprises 29 Grade-A office assets totaling 46.4 million square feet across six Indian cities, with 37.2 million square feet of completed area. The portfolio houses over 450 tenants, including Fortune 500 companies and global capability centres.
The shares of Knowledge Realty Trust ended on the NSE today at ₹122, up by ₹1.06 or 0.88 per cent.
Published on February 5, 2026