India · Delayed Price · Currency is INR Knowledge Realty Trust Earnings Call Transcripts
Fiscal Year 2027
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Q1 revenue and NOI each rose 15% YoY, occupancy reached 93%, and leasing totaled 1.4 million sq ft. Management sees continued growth from rent escalations, occupancy gains, development and potential acquisitions.
Fiscal Year 2026
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FY 2026 revenue rose 16% and NOI 18%, with distributions exceeding IPO projections. Leasing spreads, mark-to-market potential and development support FY 2027 growth, while occupancy is expected to reach 94%-95%.
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Q3 FY26 revenue rose 21% YoY and NOI increased 19%, with INR 1.57 per unit distributed. Leasing spreads, embedded mark-to-market potential and low LTV support growth, while FY26 NDCF projections remain on track.
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H1 leasing lifted occupancy to 92% and NOI 20% YoY, while debt costs fell to 7.4% and LTV to 18%. FY 2026 occupancy is targeted at 93%-94%, with additional H2 NDCF benefit expected from lower interest costs.