Knowledge Realty Trust, a diversified office real estate investment trust (REIT), reported a 20% year-on-year (YoY) rise in net operating income (NOI) to ₹1,954.4 crore for the first half of FY26, with margins touching a record 89%. Revenue for the period ended September 30 stood at ₹2,201.9 crore, up 17% from a year earlier.

For Q2FY26, revenue came in at ₹1,123.8 crore and NOI at ₹988.1 crore. The REIT declared its first post-listing distribution of ₹690 crore, or ₹1.56 per unit.

Leasing momentum remained strong, with 1.8 million sq. ft. of gross leasing in H1, including 1.2 million sq. ft. of new deals and 0.6 million sq. ft. of renewals coming at an average spread of 29%.

Portfolio occupancy rose 340 basis points year-on-year to 92%, led by Hyderabad (99%), Mumbai (88%), and Bengalu

See Full Page