Sattva Group and Blackstone-backed real estate investment trust (REIT) Knowledge Realty Trust reported a net operating income of Rs 988 crore for the July-September quarter, with a total revenue of Rs 1,124 crore for the same period. Since listing in August 2025, it also declared its first ever distribution of Rs 690 crore, representing a per unit distribution of Rs 1.56.

For the April-September period, the REIT reported gross leasing of 1.8 million square feet (msf), which included 1.2 msf of fresh leases and 600,000 square feet of renewals, the latter at a spread of 29%. Global capability centres (GCCs) and domestic firms were responsible for around 70% of the leasing activity in the first half of the ongoing financial year.

Occupancy of the entire portfolio grew by more than three per

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