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Knowledge Realty Trust reported a consolidated net profit of INR 2.51 billion for the quarter ended June, while revenue from operations stood at INR 12.43 billion. The results mark the REIT's latest quarterly financial performance after its listing and reflect continued income generation from its office asset portfolio. Along with the financial results, the trust also approved a distribution to unitholders for the quarter. Knowledge Realty Trust, backed by Blackstone and the Sattva Group, owns a portfolio of Grade A office assets across key Indian commercial real estate markets.
Knowledge Realty Trust has reported a consolidated net profit of INR 2.51 billion for the quarter ended June. Its revenue from operations for the quarter stood at INR 12.43 billion, according to the company's latest financial results.
The quarterly earnings reflect the operating performance of the office real estate investment trust (REIT), which generates income primarily through leasing and managing its commercial office portfolio across major business markets in India. The trust has emerged as one of the country's listed office REITs backed by Blackstone and the Sattva Group.
Alongside the financial results, the board approved a total distribution of INR 7.52 billion, equivalent to INR 1.695 per unit, for the quarter. The payout comprises dividend, interest, debt repayment and other income components. The record date and payment schedule have also been announced for eligible unitholders.
Knowledge Realty Trust had previously completed its listing as one of India's newest office REITs and has since continued to expand its investor base while focusing on stable rental income from its commercial office assets. The trust has also stated in its regulatory filings that there was no material deviation in the utilisation of funds raised through its public issue and debt securities.
Source Reuters
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