The real estate investment trust (REIT), which is backed by Sattva Group and Blackstone, filed its quarterly results. The filing detailed a distribution of ₹7,166 million, equivalent to ₹1.62 per unit. This brings KRT's total distributions since its listing in August 2025 to ₹21,019 million, or ₹4.74 per unit.
Portfolio Performance
The company also reported strong leasing activity throughout the past fiscal year. Gross leasing for the fourth quarter of FY26 alone reached 1.1 million square feet, contributing to a total of 3.5 million square feet leased for the entire FY26. This sustained leasing effort helped maintain a healthy portfolio occupancy rate of 92%. Overall Net Operating Income for FY26 rose 18% year-over-year to ₹4,048.4 crore. This growth was fueled by a 16% increase in revenue, largely driven by expansions from existing major tenants.
Future Outlook
Looking ahead, KRT's leadership expressed optimism for the upcoming fiscal year. Chief Executive Officer Shirish Godbole stated that KRT enters FY27 with "strong operating momentum, a resilient balance sheet and multiple visible growth levers." This positive outlook is supported by KRT's extensive portfolio, which includes 29 premium office assets totaling 46.5 million square feet. The company also has significant development pipelines underway across six major cities.
