Knowledge Realty Trust pays ₹1.695/unit, nearly all from cash flow
Revenue at ₹12,430.56 million, PAT at ₹2,507.96 million. Distribution almost fully covered by trust-level cash flow.
— 2 earlier stories on Knowledge Realty Trust →What's new
- Revenue rose to ₹12,430.56 million from ₹11,965.46 million.
- PAT stood at ₹2,507.96 million; EPS ₹0.57.
- Board declared ₹1.695/unit distribution, consuming ₹7,516.31 million against cash flow of ₹7,519.85 million.
Why this matters
A REIT's distribution is its primary return. This quarter's payout consumes nearly all trust-level cash flow. The ₹2,000 crore debt raise approved in June adds interest cost pressure. The question is whether the payout rate can hold.
What we're watching
- How the ₹2,000 cr debt raise affects interest costs and distributable cash flow.
- Net distributable cash flow cover ratio in coming quarters.
- Occupancy and rental growth as the trust absorbs higher debt.
The full read
Knowledge Realty Trust delivered a steady quarter. Revenue rose to ₹12,430.56 million, PAT to ₹2,507.96 million — ₹0.57 per unit. The payout: ₹1.695/unit, consuming ₹7,516.31 million of the trust's net distributable cash flow of ₹7,519.85 million. Tight. The June approval of a ₹2,000 crore debt raise adds a new variable. Debt/equity at 9.35 times is already high, and higher interest costs will test whether this payout pattern can hold. It's routine, as expected.
Questions answered
- What was the distribution per unit for June 2026?
- ₹1.695 per unit, comprising ₹0.922 as dividend, ₹0.278 as interest, ₹0.494 as debt repayment, and ₹0.001 as other income.
- What are the record date and payment date?
- Record date is July 31, 2026; payment on or before August 7, 2026.
- How did revenue and profit compare to the prior quarter?
- Revenue increased to ₹12,430.56 million from ₹11,965.46 million. PAT was ₹2,507.96 million, up from about ₹2,295 million in the prior quarter.
- Is the distribution fully covered by cash flow?
- Almost exactly. Trust-level net distributable cash flow was ₹7,519.85 million, just ₹3.54 million above the distribution of ₹7,516.31 million.
- What impact will the June debt raise have?
- The ₹2,000 crore debt raise, approved June 2026, will raise interest costs. With debt/equity already at 9.35 times, the payout cushion could shrink.
Knowledge Realty Trust
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on KRT →- 28 Jul 2026 · 11:55 AM IST Knowledge Realty Trust pays ₹1.695/unit, nearly all from cash flow
- today Knowledge Realty Trust grows NOI 15%, DPU on track
- 41d ago Knowledge Realty Trust approves ₹2,000 cr debt raise