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Knowledge Realty Trust on Tuesday reported 15 per cent increase in its Net Operating Income (NOI) to Rs 1,243.1 crore for the first quarter of this fiscal and announced a record distribution of Rs 751.6 crore to unit holders. In a regulatory filing, the company said its total revenue also grew 15 per cent to Rs 1,111.7 crore during April-June quarter of 2026-27 fiscal. Knowledge Realty Trust, co-sponsored by Sattva Group and Blackstone, is India's largest REIT (real estate investment trust). Its portfolio comprises 29 Grade-A office assets totalling 46.5 million square feet as of June 30, 2026, with 37.3 million square feet of completed Area and 2.6 million square feet under construction area spread across 6 cities in India Knowledge Realty Trust declared a distributions of Rs 751.6 crore or Rs 1.70 per unit for the quarter ended June. Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said, "We had a strong start to FY27, with both revenue and NOI growing 15 per
India's five listed real estate investment trusts (REITs) have distributed more than Rs 8,900 crore to unitholders during the last fiscal year amid strong demand for rent-yielding commercial assets. REITs are investment vehicles that own or operate income-generating real estate, enabling investors to earn a share of the income produced without directly purchasing the properties. As per the rules, REITs distribute income to unitholders in various forms, including dividend. In 2025-26 fiscal year, there were only five listed REITs -- Brookfield India Real Estate Trust, Embassy Office Parks REIT, Sattva Group backed Knowledge Realty Trust, K Raheja Group-sponsored Mindspace Business Parks REIT, and Nexus Select Trust. The sixth REIT Bagmane Prime Office REIT got listed on stock exchanges earlier this month. In a statement on Monday, Indian REITs Association (IRA) said, "The five publicly listed REITs in India collectively distributed over Rs 2,566 crore to more than 4.25 lakh unithold