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Knowledge Realty Trust, a real estate investment trust backed by Sattva Group and Blackstone, reported strong financial and operational growth for the quarter ending March. The REIT announced a distribution of INR 716.6 crore to unitholders, supported by a 14% rise in net operating income to INR 1,053.3 crore. Leasing activity remained strong with 1.1 million sq ft added during the quarter, contributing to higher occupancy levels. For the full fiscal period, the trust recorded steady growth in income, improved leasing momentum, and a diversified office portfolio across major Indian cities.
Knowledge Realty Trust announced a quarterly distribution of INR 716.6 crore to its unitholders, reflecting its performance for the quarter ending March. The REIT, sponsored by Sattva Group and Blackstone, linked this payout to improved operating performance and stable leasing demand across its portfolio. Advertisement
In its regulatory filing, the trust stated that it has declared total distributions of INR 7,166 million, translating to INR 1.62 per unit for the quarter. It also added that cumulative distributions since its listing in August 2025 have reached INR 21,019 million, or INR 4.74 per unit, indicating consistent returns to investors over the period.
During the quarter, the company recorded gross leasing of 1.1 million square feet. This pushed total leasing for the fiscal year to 3.5 million square feet, while portfolio occupancy improved to 92%, supported by demand from existing tenants and expansion activities.
Net operating income rose 14% to INR 1,053.3 crore compared with INR 924.8 crore in the same period last year. For the full fiscal year, net operating income increased 18% year-on-year to INR 4,048.4 crore, driven by sustained leasing momentum and steady rental inflows.
The company’s portfolio now comprises 29 premium office assets spanning 46.5 million square feet across six cities. Out of this, 37.2 million square feet is completed, 2.6 million square feet is under construction, and 6.6 million square feet is earmarked for future development.
Senior leadership at the trust highlighted that the business enters the next fiscal period with stable operating performance, a strong balance sheet, and multiple growth drivers supported by tenant demand and portfolio scale.
Source PTI
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