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Knowledge Realty Trust anticipates Indian office market resilience and potential acquisitions
30-Jul-2026, 06:16
Knowledge Realty Trust reported a strong first quarter and anticipates continued resilience in the Indian office market, despite concerns surrounding artificial intelligence. The company aims to achieve a steady-state occupancy of 94-95%, currently standing at 93%, and is experiencing marginal rental rate increases, particularly in areas like Lower Parel where rates have risen over 30% in the past two years. Executives stated a shift towards a higher dividend payout, targeting over 50% and an overall tax-efficient distribution of approximately 80% for the full year. Knowledge Realty Trust is actively managing its debt, seeking to increase the proportion of floating rates to 40%, and expects to pursue acquisitions within the next 12 to 24 months, leveraging its development pipeline and potential acquisitions to drive long-term growth.
Knowledge Realty Trust reported a strong first quarter and anticipates continued resilience in the Indian office market, despite concerns surrounding artificial intelligence. The company aims to achieve a steady-state occupancy of 94-95%, currently standing at 93%, and is experiencing marginal rental rate increases, particularly in areas like Lower Parel where rates have risen over 30% in the past two years. Executives stated a shift towards a higher dividend payout, targeting over 50% and an overall tax-efficient distribution of approximately 80% for the full year. Knowledge Realty Trust is actively managing its debt, seeking to increase the proportion of floating rates to 40%, and expects to pursue acquisitions within the next 12 to 24 months, leveraging its development pipeline and potential acquisitions to drive long-term growth.