Knowledge Realty Trust announced the newspaper publication of its audited consolidated financial results for the quarter and financial year ended 31st March, 2026. The results, approved by the Board of Directors on 13th May, 2026, were published in the Economic Times and Mint on 14th May, 2026. The Trust reported a consolidated revenue from operations of ₹30,466.28 million for the year ended March 31, 2026. The financial performance includes a one-time write-off of MAT credit amounting to ₹870 million pursuant to amendments introduced to the MAT provisions under the Income Tax Act, 2025.

Consolidated Financial Results

The audited consolidated financial results provide a detailed breakdown of income and expenses for the quarter and year ended March 31, 2026. For the quarter ended March 31, 2026, revenue from operations stood at ₹11,965.46 million, compared to ₹11,787.09 million in the preceding quarter. Total income for the quarter was ₹12,159.30 million. The Trust reported a net profit of ₹1,073.69 million for Q4 FY26 and ₹3,754.36 million for the full year FY26. Earnings per unit (Basic and Diluted) for the year was reported at ₹1.32.

Net Distributable Cash Flows

The Board of Directors declared a distribution of ₹1.616 per unit for the quarter ended March 31, 2026, aggregating to ₹7,165.99 million. 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. The cumulative distribution for the financial year aggregates to ₹4.740 per unit, totalling ₹21,019.19 million. The Trust maintained a distribution payout ratio of 99.99% for the period.

The Trust was incorporated on October 10, 2024, and acquired SPVs during the quarter ended September 30, 2025; consequently, figures for the prior year are not comparable. The results have been prepared in accordance with SEBI (REIT) Regulations and Indian Accounting Standards.

Knowledge Realty Trust , acting through its Manager Knowledge Realty Office Management Services Private Limited, has submitted its Summary Valuation Report and Detailed Valuation Report for the financial year ended March 31, 2026, pursuant to Regulation 21 of the SEBI (Real Estate Investment Trusts) Regulations, 2014. The reports were prepared by independent valuer iVAS Partners (Valuer Registration Number: IBBI/RV-E/02/2020/112), represented by its partner Mr. Shubhendu Saha (Valuer Registration Number: IBBI/RV/05/2019/11552), with market intelligence provided by CBRE South Asia Private Limited. The reports are dated May 13, 2026, and are available on the Trust's website at www.knowledgerealtytrust.com .

Portfolio Overview and Total Market Value

The total market value of the KRT REIT portfolio as of March 31, 2026 stands at INR 674,111 Mn across a combined area of 46.5 msf and 63.0 MW of solar capacity. The portfolio is allocated between property value of INR 641,952 Mn and CAM value of INR 32,159 Mn. The portfolio spans 29 commercial office assets across six cities — Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City, Ahmedabad — along with four solar plants in Maharashtra and Karnataka.

The following table summarises the market value of key assets as of March 31, 2026:

Valuation Methodology

The valuation was conducted in accordance with the International Valuation Standards (IVS) by the International Valuation Standards Council (IVSC), effective January 31, 2025, and in compliance with the requirements of the SEBI (REIT) Regulations, 2014. The Income Approach was adopted for all assets. Specifically, the Discounted Cash Flow Method using Rental Reversion was applied to commercial office assets, while the Discounted Cash Flow Method was used for solar plants.

For completed office assets, a Weighted Average Cost of Capital (WACC) of 11.46% was applied, derived from a debt proportion of 47.5% at a cost of 8.10% and equity proportion of 52.5% at a cost of 14.50%. Under-construction assets such as Sattva Endeavour and Sattva Spectrum were discounted at a WACC of 12.40%, while future development blocks at Sattva Global City were discounted at 13.40%. For the under-construction Karnataka Solar II, a WACC of 12.25% was applied.

Capitalization Rates and Key Valuation Assumptions

Capitalization rates adopted for the portfolio ranged from 7.50% to 8.50%, reflecting asset quality, sub-market dynamics, Weighted Average Lease Expiry (WALE), and building grade. Select premium assets such as Sattva Knowledge City, Sattva Knowledge Park, and One BKC were assigned a capitalization rate of 7.50%, while assets in nascent or higher-competition sub-markets were assigned rates up to 8.50%.

The Risk-Free Rate used in the cost of equity computation was 7.02%, based on the 10-year Government Securities Yield as of the valuation date as published by the RBI. The market return was computed at 10.56% based on BSE SENSEX returns over the past 10 years as of the valuation date.

Key Asset Highlights

Hyderabad Portfolio: Sattva Knowledge City, the largest single asset in the portfolio with a leasable area of 7.3 msf and committed occupancy of 99.7%, was valued at INR 122,920 Mn. Sattva Knowledge Park (3.3 msf, 96.8% committed occupancy) was valued at INR 56,755 Mn, and Sattva Knowledge Capital (2.3 msf, 100% committed occupancy) at INR 29,425 Mn.

Mumbai Portfolio: One World Center (1.8 msf, 92.5% committed occupancy) was the highest-valued Mumbai asset at INR 62,767 Mn, followed by One International Center (1.8 msf, 89.1% committed occupancy) at INR 55,343 Mn and One BKC (0.8 msf, 87.2% committed occupancy) at INR 46,667 Mn.

Bengaluru Portfolio: Cessna Business Park (4.2 msf, 94.4% committed occupancy) was valued at INR 49,061 Mn. Sattva Global City, which includes 4.2 msf of completed operational blocks and 8.0 msf of future development potential, was valued at INR 34,223 Mn (completed) and INR 9,925 Mn (future development) respectively. Under-construction assets Sattva Endeavour (0.7 msf) and Sattva Spectrum (0.5 msf) were valued at INR 6,443 Mn and INR 4,942 Mn respectively, with occupancy certificates expected by Q4 CY 2026.

Solar Assets: Karnataka Solar I, an operational 30.8 MW AC plant in Chitradurga, Karnataka, was valued at INR 2,282 Mn. Karnataka Solar II, an under-construction 24.2 MW AC plant also in Chitradurga, was valued at INR 1,093 Mn. One BKC Solar (3.9 MW AC) and Prima Bay Solar (4.1 MW AC), both operational plants in Dhule, Maharashtra, were valued at INR 316 Mn and INR 276 Mn respectively.

Regulatory Compliance and Disclosures

The valuation was prepared for financial and investor reporting purposes to comply with Regulation 21 of the SEBI (REIT) Regulations, 2014. iVAS Partners confirmed its independence, stating it is not an associate of KRT REIT, its Sponsors, the Manager, or the Trustee. The aggregate liability of the Valuer is limited to INR 30 Mn as per the terms of the engagement. The reports are available on the Trust's website and have been filed with the relevant stock exchanges.

Source: None/Company/INE1JAR25012/b8893bebd4004fcb.pdf