Knowledge Realty Trust's Net Operating Income Rises 18% in FY26

New Delhi, May 14: Knowledge Realty Trust announced an 18 per cent growth in net operating income to 4,048.4 crore. The board approved a distribution of 1.616 per unit for Q4 FY26, with net asset value at 123.61 per unit.

Distribution Details

The board approved distribution of 7,165.99 million or 1.616 per unit for the quarter ended March 31, 2026. The distribution comprises 0.981 per unit as dividend, 0.207 per unit as interest, 0.426 per unit as repayment of debt, and 0.002 per unit as other income. Net asset value (NAV) stood at 123.61 per unit as at March 31, 2026.

Financial Performance

Net consolidated profit after tax for FY26 stood at 375.43 crore, with net consolidated total income at 3,121.79 crore. In Q4 FY26, total income was 1,215.93 crore with profit after tax of 107.36 crore. Net worth stood at 45,202.07 crore, with a debt-equity ratio of 0.09 and net profit margin of 93.35 per cent.

Leasing and Occupancy

In Q4 FY26, gross leasing of 1.1 million sq ft was achieved, taking cumulative leasing for FY26 to 3.5 million sq ft and portfolio occupancy to 92 per cent. In-place rents grew seven per cent year-on-year with leasing spreads of 26 per cent. Rents achieved on new leasing were at a five per cent premium to market rents. Expansions by existing tenants contributed to 56 per cent of new leasing.

Debt Management

The company raised debt of 4,200 crore in FY26 at a blended cost of 7.3%. During the financial year, it reduced cost of debt from 8.6% to 7.2%, while LTV was 18%. Annual escalations were achieved in over 87 per cent of FY26 leasing.