Slide 1: Knowledge Realty Trust Q1 FY27 Earnings Update
Knowledge Realty Trust Q1 FY27 Earnings Update July 28, 2026
Slide 2: Table of Contents
TABLE OF CONTENTS Sr. No. Particulars Page No. I. Key Performance Highlights 2 II. Growth Drivers 5 III. Business Update 9 IV. Debt Overview 16 V. Distribution & Unitholding Profile 18 VI. Sustainability Initiatives 22 VII. Market Outlook 24 VIII. Supplementary Databook 30 IX. KRT at a Glance 36 1
Slide 3: I. Key Performance Highlights
I. Key Performance Highlights Sattva Knowledge Court, Bengaluru
Slide 4: Strong leasing led to robust financial performance, distribution rises 5% QoQ
Q1 FY27 KEY HIGHLIGHTS Strong leasing during the quarter led to robust financial performance, distribution rises 5% QoQ OCCUPANCY UPTICK LEASING HIGHLIGHTS 1.4 msf 93% 93% Gross Leasing Leasing with 92% Annual Escalations (1) 31% Spread (2) Front Office MTM Realization GCC Carl Zeiss ✓ High spreads
Slide 5: Robust financial performance driven by realization of embedded growth
Q1 FY27 FINANCIAL HIGHLIGHTS Robust financial performance driven by realization of embedded growth Q1 FY26 Q1 FY27 Growth Q1 FY27 DISTRIBUTION MIX (1) REVENUE ( ₹ M) 10,781 12,431 +15% Interest 16% Other Income Dividend 0.1% 54% NOI ( ₹ M) 9,663 11,117 +15% Q1 FY27 ₹ 1.70 p.u. EBITDA Repayment ( ₹ M
Slide 6: II. Growth Drivers
II. Growth Drivers One World Center, Mumbai
Slide 7: AI resilient portfolio fortified by multiple drivers for sustained long-term growth
MULTI - YEAR GROWTH STORY AI resilient portfolio fortified by multiple drivers for sustained long - term growth 93% 7.9 yrs 5% (p.a.)/ 15% (3 Yrs) Committed WALE Escalations (1) CONTRACTED REVENUE Occupancy ✓ Strong predictable cash flows backed by high occupancy, long WALE & periodic escalations 2.
Slide 8: Significant MTM Opportunity
SIGNIFICANT MTM OPPORTUNITY 25% MTM potential at portfolio level; 58% of total FY27 expiries already tied - up at 25% spread PORTFOLIO MTM POTENTIAL UPCOMING EXPIRIES & MTM POTENTIAL ( ₹ psf) (msf & %) 1.3 msf Avg 124 1.5 1.3 99 1.1 1.0 9M FY27 FY28 FY29 FY30 Base Rentals Expiring (%) 5% 7% 6% 5% MT
Slide 9: Ongoing Developments
ONGOING DEVELOPMENTS Sattva Spectrum and Sattva Endeavour totaling 1.2 msf to go live in FY27; commenced new block at Sattva Global City *Actual *Actual *Perspective Sattva Spectrum Sattva Endeavour Sattva Global City (New Block) Bengaluru Bengaluru Bengaluru 0.5 msf 0.7 msf 1.4 msf Leasable Area Le
Slide 10: III. Business Update
III. Business Update One Unity Center, Mumbai
Slide 11: Record leasing at healthy spreads driven by front office occupiers and renewals
Q1 FY27 LEASING HIGHLIGHTS Record leasing at healthy spreads driven by front office occupiers and successful renewals Q1 FY27 LEASING BREAKUP 0.7 msf 0.7 msf 1.4 msf New Leasing Renewals Gross Leasing 35% 31% 29% Average Spread Re - leasing Spread Spread (on 0.5 msf) (on 1.2 msf) EXITS RESULTING IN
Slide 12: Occupier First Strategy
OCCUPIER FIRST STRATEGY Tenant stickiness is evidenced by multifold expansion within the portfolio Leased Area Expansion in Q1 FY27 (ksf) Leading Semiconductor Firm 605 Cessna Business Park Exora Business Park 169 85 439 18 114 520 151 Mar'24 Jun'26 Mar'24 Jun'26 Carl Zeiss Exora Business Park One W
Slide 13: Sustained leasing momentum led by expansions and renewals
Q1 FY27 LEASING HIGHLIGHTS Sustained leasing momentum led by expansions from existing tenants and continued success with renewals KEY TRANSACTIONS (Q1 FY27) Occupier Property Sector (1) Type Area (‘000 sf) New Leases 650 Large Indian Bank One International Center BFSI Domestic 98 Amadeus Exora Busin
Slide 14: Central Mumbai portfolio records robust performance
CENTRAL MUMBAI PORTFOLIO RECORDS ROBUST PERFORMANCE Front office demand drove Central Mumbai portfolio occupancy up 14% since Mar’25 PERFORMANCE HIGHLIGHTS (1) Committed Occupancy (%) Marginal Rentals (2) ( ₹ psf / pm) 93% 246 89% 232 240 79% 183 190 140 90 Mar'25 Mar'26 Jun'26 FY25 FY26 Q1 FY27 FRO
Slide 15: Life At KRT: Energizing Our Parks
International Yoga Day, Sports Olympiad, Sattva Global City 9 Assets Life At KRT ENERGIZING OUR PARKS engagement initiatives Corporate Sports League, The Court Championship, Sattva Global City One World Center - Elevating the KRT experience through tenant 14
Slide 16: Asset Amenitization
The Pavilion (Convention Center), Baan Phad Thai, One International Center Sattva Knowledge City ASSET AMENITIZATION Padel Court, Underdoggs Restaurant, One World Center Sattva Knowledge Park support long - term value creation Multi - Purpose Sport Zone, Terrai Restaurant, Sattva Global City Sattva
Slide 17: IV. Debt Overview
IV. Debt Overview Sattva Cosmo Lavelle, Bengaluru
Slide 18: Debt Snapshot
DEBT SNAPSHOT Monitoring the interest rate environment to optimize financing costs FINANCING BENCHMARKS LENDER MIX ₹ 121 B (%) (%) NBFC T - bill 15% Net Debt (1) 20% Repo Rate Gross Debt Gross Debt ₹ 125 B 50% ₹ 125 B MF / FPI 7.2% 30% Bank 55% Fixed Average Debt Cost 30% DEBT MATURITY PROFILE AAA /
Slide 19: V. Distribution & Unitholding Profile
V. Distribution & Unitholding Profile Sattva Horizon, Bengaluru
Slide 20: Distribution Profile
DISTRIBUTION PROFILE Robust distributions with a highly tax efficient mix for unitholders DISTRIBUTION MIX (1) DISTRIBUTION HIGHLIGHTS (%) Q1 FY27 Interest Distribution Period 16% Other Income 0.1% ₹ 7,516 M 4,434 M ₹ 1.70 Distribution Units Distribution Per Dividend Amount Outstanding Unit (DPU) Q1
Slide 21: NDCF Walkdown
NDCF WALKDOWN (Amounts in ₹ M, unless stated otherwise) Particulars Q1 FY27 Revenue from Operations 12,431 Property Taxes and Insurance (310) Direct Operating Expenses (1,004) NET OPERATING INCOME 11,117 Other Income 245 Property Management Fees (306) Indirect Operating Expenses (237) EBITDA at SPV
Slide 22: Unitholder Profile
UNITHOLDER PROFILE Stable and diversified unitholding underpinned by marquee institutional investors and a 2.5x growth in unitholders KEY HIGHLIGHTS UNITHOLDING PATTERN (%) (3) FII Others 1% 6% ₹ 523 B Market Cap (1) MF & AIF , 2% Insurance & Pension , 3% Retail & HNI , 9% 4,434 M Units Outstanding
Slide 23: VI. Sustainability Initiatives
VI. Sustainability Initiatives Exora Business Park, Bengaluru
Slide 24: 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 Q1 FY27 KEY HIGHLIGHTS 76% Green - certified portfolio (by Value) 5 - star, 95/100 score LEED certification (O&M) BD+C certification (R
Slide 25: VII. Market Outlook
VII. Market Outlook Cessna Business Park, Bengaluru
Slide 26: India Office Market Update
INDIA OFFICE MARKET UPDATE Strong fundamentals across KRT core markets driving positive leasing outlook Q2 CY26 OFFICE MARKET SNAPSHOT Q2 CY26 GROSS ABSORPTION SHARE Pan - India Others ⁽¹⁾ Chennai 3% 965 18% 8% 24 19 Bengaluru Mumbai 28% 13% Gross Absorption 24 msf NCR Hyderabad 164 20% 15% 4 2 Pune
Slide 27: Record demand for Grade-A office to outpace projected supply
INDIA EXPECTED TO WITNESS ROBUST GRADE - A OFFICE DEMAND Record demand for Grade -A office to outpace projected supply GROSS ABSORPTION AND SUPPLY (msf) 99 96 89 COVID Impact 83 81 78 76 70 69 67 63 58 55 50 48 46 47 45 40 37 21% 21% 21% 19% 19% 18% 18% 18% 17% 15% 44 28 CY19 CY20 CY21 CY22 CY23 CY2
Slide 28: Bengaluru: KRT Core Market
BENGALURU: KRT CORE MARKET KRT’s BENGALURU PRESENCE 1st 27% (1) Share of pan - India total office 18 KRT Assets Largest Net Absorption stock (2) NBD 42% 4 th (3) Largest Technology hub GCC Leader in India globally (4) Whitefield 40 40 35 111 35 106 102 30 92 96 30 87 88 26 26 CBD 25 23 22 23 25 20 2
Slide 29: Hyderabad: KRT Core Market
HYDERABAD: KRT CORE MARKET KRT’s HYDERABAD PRESENCE 2 nd 20% (1) 2 nd highest GCC Leasing in 3 KRT Assets Largest Net Absorption India (2) ~1M 2 nd Tech Workforce (4) Best Infrastructure in India in Telangana (3) IT Corridor – HITEC City 40 40 35 90 35 87 83 30 76 30 67 25 62 62 25 Ext. IT Corridor
Slide 30: 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 32% 3.9% BFSI space take up (3) $140B contribution to GDP (4) PBD East 30 30 201 188 25 178 25 BKC & BKC -O 164 20 145 19 19 20 133 135 16 Ext
Slide 31: VIII. Supplementary Databook
VIII. Supplementary Databook Kosmo One, Chennai
Slide 32: 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% 79 112 42% 1,97,111 29% 11.3 Sattva Knowledge City 7.3 - 7.3 99% 81 122 49% 1,17,333
Slide 33: Lease Expiry Schedule
LEASE EXPIRY SCHEDULE FY27 FY28 FY29 FY30 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 34: Debt Overview
DEBT OVERVIEW Total O/s Interest Principal Repayment Schedule ( ₹ M) Fixed/ Total Description Rating Facility Principal Rate Floating FY32 & ( ₹ M) ( ₹ M) ( ₹ M) (%) FY27 FY28 FY29 FY30 FY31 Beyond REIT Level CRISIL / ICRA NCD Fixed 16,000 16,000 7.2% - - 16,000 - - - 16,000 AAA CRISIL / ICRA NCD Fi
Slide 35: Financial Metrics: Revenue from Operations
FINANCIAL METRICS Revenue from Operations (Amounts in ₹ M) Particulars Three months ended Jun 30, 2026 Jun 30, 2025 Variance (%) Hyderabad Sattva Knowledge City 2,146 1,862 15% Sattva Knowledge Park 855 696 23% Sattva Knowledge Capital 491 478 3% Mumbai One BKC 854 806 6% One World Center 1,119 899
Slide 36: Financial Metrics: Net Operating Income
FINANCIAL METRICS Net Operating Income (Amounts in ₹ M) Particulars Three months ended Jun 30, 2026 Jun 30, 2025 Variance (%) Hyderabad Sattva Knowledge City 2,088 1,812 15% Sattva Knowledge Park 825 658 25% Sattva Knowledge Capital 485 473 3% Mumbai One BKC 761 712 7% One World Center 990 771 28% O
Slide 37: IX. KRT at a Glance
IX. KRT at a Glance One BKC, Mumbai
Slide 38: Portfolio Overview
PORTFOLIO OVERVIEW India’s largest REIT (1) comprising Grade -A office ecosystems representing a broad proxy for India’s commercial RE market MULTI - MARKET PRESENCE KEY HIGHLIGHTS (% of GAV) 29 46 msf High quality Total leasable Grade -A assets area (3) Gurugram (2%) 93 % 25% Committed MTM Occupanc
Slide 39: AI Resilient portfolio anchored by marquee Front Office and GCC occupiers
KRT SERVICES OFFICE FOR INDIA & OFFICE FOR THE WORLD AI Resilient portfolio anchored by marquee Front Office and GCC occupiers TOP 10 TENANTS (1) (28%) AI RESILIENT OCCUPIER PROFILE Cisco 5% 5% J.P. Morgan Services 4% 46% Indian Digital 3% GCC (1) Payments Giant 2% 2% Amazon 2% Big 4 31% 2% Accounti
Slide 40: 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 39
Slide 41: Dominant Presence in Bengaluru
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 40
Slide 42: 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 0.8 msf One International Center One Unity Center Prima Bay 1.8 msf 1.0 msf 0.8 msf 41
Slide 43: Key Terms and Definitions
KEY TERMS AND DEFINITIONS Notes: ▪ All figures in this presentation are as of June 30, 2026, 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 figures c
Slide 44: 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