Slide 1: Knowledge Realty Trust Q3 FY26 Earnings Update
Knowledge Realty Trust Q3 FY26 Earnings Update 5 th February 2026
Slide 2: Table of Contents
TABLE OF CONTENTS Sr. No. Particulars Page No. I. Key Performance Highlights 2 II. Business Update 5 III. Debt Overview 11 IV. Distribution & Unitholding Profile 13 V. Sustainability Initiatives 17 VI. Market Outlook 19 VII. Supplementary Databook 25 VIII. KRT at a Glance 31 1
Slide 3: I. Key Performance Highlights
I. Key Performance Highlights One BKC, Mumbai
Slide 4: Q3 FY26 Key Highlights
Q3 FY26 KEY HIGHLIGHTS Strong operating performance and strategic debt management driving distributions in - line with projections 1 2 PRICE PERFORMANCE COMMITTED OCCUPANCY Inclusion in FTSE EPRA Nareit Global REITs Index (Dec’25) (%) 92% Healthy business performance, +21% strong growth outlook and
Slide 5: Q3 & 9M FY26 Financial Highlights
Q3 & 9M FY26 FINANCIAL HIGHLIGHTS Resilient financial performance driven by realization of embedded growth and focus on cost optimization REVENUE NOI ( ₹ M) ( ₹ M) 11,787 10,407 9,781 Q3 FY26 8,751 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 REVENUE NOI ( ₹ M) ( ₹ M) 33,806 29,951 28,598 9M FY26 25,075 9M FY25
Slide 6: II. Business Update
II. Business Update Sattva Knowledge Park, Hyderabad
Slide 7: Q3 FY26 Leasing Highlights
Q3 FY26 LEASING HIGHLIGHTS Continued leasing momentum at healthy spreads driven by global and domestic occupiers Q3 FY26 LEASING BREAKUP 0.4 msf 0.2 msf 0.6 msf New Leasing Renewals Gross Leasing 7% 15% 19% Average Spread Re - leasing Spread Spread (on 0.3 msf) (on 0.5 msf) Q3 FY26 LEASING ACROSS SE
Slide 8: Q3 FY26 Leasing Highlights: Key Transactions
Q3 FY26 LEASING HIGHLIGHTS Sustained leasing momentum led by expansions from existing marquee tenants and continued success with renewals KEY TRANSACTIONS (Q3 FY26) Area Occupier Property Sector (1) Type (‘000 sf) New Leases 411 Prominent health sciences university Sattva Global City Education Domes
Slide 9: Significant MTM Opportunity
SIGNIFICANT MTM OPPORTUNITY 22% MTM potential with well - phased future lease expiries underpin embedded growth PORTFOLIO MTM POTENTIAL UPCOMING EXPIRIES & MTM POTENTIAL ( ₹ psf) (msf & %) 117 1.7 1.8 1.5 95 0.9 Q4 FY26 FY27 FY28 FY29 Base Rentals Expiring (%) 5% 6% 8% 7% MTM Potential (%) 23% 22% 2
Slide 10: Asset Upgradation & Amenitization
Pickleball Court, Arrival Experience, One International Center Prima Bay ASSET UPGRADATION & AMENITIZATION One8 Commune Restaurant, Landscape Upliftment & Arrival One World Center Experience, One Trade Tower retention and support long - term value creation Multi - Purpose Sport Zone, Direct Access t
Slide 11: Tenant Engagement Initiatives
Christmas Installations, Surya Kumar Yadav – Adda Talks, Portfolio - wide One International Center TENANT ENGAGEMENT INITIATIVES Diwali Installations, Portfolio - wide Movie Screening, tenant engagement & asset activation Sattva Knowledge City Christmas Flea Market, Sattva Knowledge City Elevating t
Slide 12: III. Debt Overview
III. Debt Overview One World Center, Mumbai
Slide 13: Debt Snapshot
DEBT SNAPSHOT Rate cut benefits realized; monitor interest rate environment to optimize financing costs FINANCING BENCHMARKS LENDER MIX ₹ 118 B (%) Fixed (%) MF / FPI 13% 13% Net Debt (1) MCLR 2% NBFCs T - bill Gross Debt 17% Gross Debt 20% ₹ 125 B ₹ 125 B 7.25% Repo Rate Average Debt Cost 65% Banks
Slide 14: IV. Distribution & Unitholding Profile
IV. Distribution & Unitholding Profile Sattva Horizon, Bengaluru
Slide 15: Distribution Profile
DISTRIBUTION PROFILE Distribution in - line with projections with a highly tax efficient mix for unitholders DISTRIBUTION MIX (1) DISTRIBUTION HIGHLIGHTS (%) Q3 FY26 Interest , 8% Distribution Period Other Income , 0.2% ₹ 6,953 M 4,434M ₹ 1.57 Repayment Distribution Units Distribution Per of Debt ,
Slide 16: NDCF Walkdown
NDCF WALKDOWN (Amounts in ₹ M) Particulars Q3 FY2026 Revenue from Operations 11,787 Property Taxes and Insurance (323) Direct Operating Expenses (1,056) NET OPERATING INCOME 10,407 Other Income 237 Property Management Fees (299) Indirect Operating Expenses (392) EBITDA 9,953 Working Capital and othe
Slide 17: Unitholder Profile
UNITHOLDER PROFILE Stable and diversified unitholding underpinned by marquee institutional investors and a ~2x growth in unitholders KEY HIGHLIGHTS UNITHOLDING PATTERN (%) (3) FII Others 1% 6% ₹ 536 B Market Cap (1) MF & AIF , 3% Insurance & Pension , 4% Retail & HNI , 9% 4,434M Units Outstanding 30
Slide 18: V. Sustainability Initiatives
V. Sustainability Initiatives Exora Business Park, Bengaluru
Slide 19: Sustainability Focus With a Long-Term Vision
SUSTAINABILITY FOCUS WITH A LONG - TERM VISION Sustainability - led practices supporting long - term value and governance standards BUILDING CERTIFICATIONS & AWARDS KEY HIGHLIGHTS 76% Green - certified portfolio (by Value) 5 - star, 95/100 score LEED certification IGBC Green New Building (Ranked 1 s
Slide 20: VI. Market Outlook
VI. Market Outlook Cessna Business Park, Bengaluru
Slide 21: India Office Market Update
INDIA OFFICE MARKET UPDATE Strong fundamentals across KRT core markets driving positive leasing outlook CY25 OFFICE MARKET SNAPSHOT CY25 GROSS ABSORPTION SHARE Pan - India Others (1) 935 19% Pune 3% 11% 82 58 Bengaluru 27% Chennai 11% Gross Absorption 82 msf NCR Hyderabad 162 22% 13% Mumbai 14 9 18%
Slide 22: India Expected to Witness Robust Grade-A Office Demand
INDIA EXPECTED TO WITNESS ROBUST GRADE - A OFFICE DEMAND Record demand for Grade -A office to outpace projected supply GROSS ABSORPTION AND SUPPLY (msf) 97 95 81 82 COVID Impact 69 70 67 65 63 58 55 50 48 46 47 45 40 37 21% 21% 21% 19% 19% 18% 17% 17% 15% CY19 CY20 CY21 CY22 CY23 CY24 CY25 CY26P CY2
Slide 23: Bengaluru: KRT Core Market
BENGALURU: KRT CORE MARKET KRT’s BENGALURU PRESENCE 1st 26% Largest Net Absorption Share of pan - India total office 18 KRT Assets Globally (1) stock (2) NBD 41% 4 th (3) Largest Technology hub GCC Leader in India globally (4) Whitefield 40 35 110 103 30 92 96 CBD 87 88 25 23 24 24 22 20 16 18 17 Ou
Slide 24: Hyderabad: KRT Core Market
HYDERABAD: KRT CORE MARKET KRT’s HYDERABAD PRESENCE 2 nd 20% Largest Net Absorption 2 nd highest GCC Leasing in 3 KRT Assets Globally (1) India (2) ~1M 2 nd Tech Workforce (4) Best Infrastructure in India in Telangana (3) IT Corridor – HITEC City 40 83 30 76 79 35 25 67 30 62 62 25 Ext. IT Corridor
Slide 25: Mumbai: KRT Core Market
MUMBAI: KRT CORE MARKET KRT’s MUMBAI PRESENCE 3 rd 29% Largest share of pan - India of India’s 5 KRT Assets (1) Direct Tax collection (2) total office stock 27% 3.9% BFSI space take up (3) $ 140B contribution to GDP (4) PBD East 177 20 164 170 19 17 BKC & BKC -O 145 133 135 15 15 13 10 Ext - CBD 10
Slide 26: VII. Supplementary Databook
VII. Supplementary Databook Kosmo One, Chennai
Slide 27: Key Portfolio Statistics
KEY PORTFOLIO STATISTICS Completed UC & FD Total Leasable Committed Rent ( ₹ psf pm) GAV WALE Asset Area Area (1) Area Occupancy (Yrs) (msf) (msf) (msf) (%) In-place Market MTM % ₹M % Total Hyderabad 12.9 - 12.9 99% 77 102 31% 1,86,839 29% 11.7 Sattva Knowledge City 7.3 - 7.3 100% 80 109 37% 1,10,81
Slide 28: Lease Expiry Schedule
LEASE EXPIRY SCHEDULE Q4 FY26 FY27 FY28 FY29 Area Area Area Area Asset In-place Rent In-place Rent In-place Rent In-place Rent ('000 sf) / ('000 sf) / ('000 sf) / ('000 sf) / ( ₹ psf pm) / ( ₹ psf pm) / ( ₹ psf pm) / ( ₹ psf pm) / % of Base % of Base % of Base % of Base MTM (%) MTM (%) MTM (%) MTM (
Slide 29: Debt Overview
DEBT OVERVIEW Total O/s Interest Principal Repayment Schedule ( ₹ M) Fixed/ Total Description Rating Facility Principal Rate Floating Q4 FY31 & ( ₹ M) ( ₹ M) ( ₹ M) (%) FY27 FY28 FY29 FY30 FY26 Beyond REIT Level CRISIL / ICRA NCD Fixed 16,000 16,000 7.2% - - - 16,000 - - 16,000 AAA CRISIL / ICRA Loa
Slide 30: Financial Metrics: Revenue from Operations
FINANCIAL METRICS Revenue from Operations (Amounts in ₹ M) Particulars Three months ended Nine months ended Dec 31, 2025 Dec 31, 2024 Variance (%) Dec 31, 2025 Dec 31, 2024 Variance (%) Hyderabad Sattva Knowledge City 2,037 1,874 9% 5,829 5,505 6% Sattva Knowledge Park 757 639 18% 2,263 1,528 48% Sa
Slide 31: Financial Metrics: Net Operating Income
FINANCIAL METRICS Net Operating Income (Amounts in ₹ M) Particulars Three months ended Nine months ended Dec 31, 2025 Dec 31, 2024 Variance (%) Dec 31, 2025 Dec 31, 2024 Variance (%) Hyderabad Sattva Knowledge City 1,997 1,687 18% 5,692 5,067 12% Sattva Knowledge Park 725 591 23% 2,160 1,091 98% Sat
Slide 32: VIII. KRT at a Glance
VIII. KRT at a Glance One BKC, Mumbai
Slide 33: Portfolio Overview
PORTFOLIO OVERVIEW KRT consists of Grade -A office ecosystems representing a broad proxy for India’s commercial real estate market MULTI - MARKET PRESENCE KEY HIGHLIGHTS (% of GAV) 29 46 msf High quality Total leasable Grade -A assets (2) area (3) Gurugram (2%) 92 % 22% Committed MTM Occupancy GIFT
Slide 34: Best-in-Class Business Parks in Hyderabad
BEST - IN - CLASS BUSINESS PARKS IN HYDERABAD Sattva Knowledge City 7.3 msf Sattva Knowledge Park Sattva Knowledge Capital 3.3 msf 2.3 msf 33
Slide 35: Dominant Presence in Bengaluru, India's Best Performing Office Market
DOMINANT PRESENCE IN BENGALURU, INDIA’S BEST PERFORMING OFFICE M ARKET Cessna Business Park Sattva Horizon One Trade Tower 4.2 msf 0.6 msf 0.2 msf Sattva Knowledge Court Exora Business Park 0.9 msf 2.2 msf 34
Slide 36: Grade-A Front Offices in Mumbai's Most Prominent Micro-Markets
GRADE - A FRONT OFFICES IN MUMBAI’S MOST PROMINENT MICRO - MARKETS One World Center One BKC 1.8 msf 0.7 msf One International Center One Unity Center Prima Bay 1.8 msf 1.0 msf 0.8 msf 35
Slide 37: Diversified High Quality Tenant Base
DIVERSIFIED HIGH QUALITY TENANT BASE Well diversified tenant base, led by GCCs and leading domestic firms TENANT MIX SECTORS TOP 10 TENANTS (28%) (% by Gross Rents) (1) (% by Gross Rents) (1) Leading Networking 6% Others , Conglomerate 5% 5% J.P. Morgan 4% Services Global Cloud 2% Workflow Platform
Slide 38: Holding Structure
HOLDING STRUCTURE Public Unitholders Blackstone Sponsor Sattva Sponsor Group Group KNOWLEDGE REALTY TRUST 100.00% 100.00% WRPL EBPPL PBPPL QITPL OBRPL ( Sattva Knowledge Park) (Exora Business Park) (One Trade Tower) (Sattva Infozone) 5.00% (One BKC) SKCPL 100.00% OWCPL PABPPL GVTPL (Sattva Knowledge
Slide 39: Key Terms and Definitions
KEY TERMS AND DEFINITIONS Notes: ▪ All figures in this presentation are as of December 31, 2025, unless otherwise specified ▪ All figures corresponding to year denoted with “FY” are as of or for the one -year period ending (as may be relevant) March 31 st of the respective year. Similarly, all figur
Slide 40: Disclaimer
DISCLAIMER This presentation is issued by Knowledge Realty Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) (the “Manager ”) in its capacity as the Manager of Knowledge Realty Trust (“ KRT ”), for general information purposes only, without re