MUMBAI: Knowledge Realty Trust has reported a 15% year-on-year increase in both revenue and net operating income (NOI) for the quarter ended June aided by higher occupancy and robust leasing activity across its portfolio.
The REIT’s revenue rose 15% year-on-year to Rs 1,243.1 crore during the quarter, while net operating income (NOI) increased to Rs 1,111.7 crore. It has declared distribution of Rs 751.6 crore, translating into a distribution per unit (DPU) of Rs 1.70, up 5% sequentially.
