Knowledge Realty Trust own and manage a high-quality office portfolio in India, and upon listing, we will be the largest office REIT in India based on Gross Asset Value (GAV) of 619,989 million Rupees as of March 31, 2025 as well as by Net Operating Income (NOI) for FY2025 of 34,322.67 million. We will also be the second largest office REIT in Asia and one of the largest office REITs globally in terms of Leasable Area as of March 31, 2025. Our Portfolio comprises 29 Grade A office assets totaling 46.3 msf as of March 31, 2025, with 37.1 msf of Completed Area, 1.2 msf of Under Construction Area and 8.0 msf of Future Development Area. We expect to be the most geographically diverse office REIT in India upon listing with Portfolio Assets spread across 6 cities which collectively represent more than 86.5% of both of India office supply and gross absorption from CY2016 to Q1CY2025. With a multi-market geographical presence and assets comprising both front offices and integrated business parks, our Portfolio reflects a broad proxy of the Indian office market. Our Portfolio comprises 6 city-center offices and 23 business parks/centers, with some of our assets being best-in-class developments in their respective sub-markets and in the country. Our Portfolio Assets house a diversified tenant mix of prominent multinational tenants, including Fortune 500 companies and Global Capability Centers (GCCs), as well as leading domestic corporates. The size and scale of our Portfolio enables us to offer comprehensive space solutions with robust infrastructure and wide-ranging amenities that support tenant expansion within these assets.
Metrics to compare | KNOE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipKNOEPeersSector | |
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P/E Ratio | 236.2x | 21.2x | 9.0x | |
PEG Ratio | −6.88 | 0.01 | 0.01 | |
Price/Book | 24.8x | 1.4x | 0.9x | |
Price / LTM Sales | 12.8x | 9.8x | 4.0x | |
Upside (Analyst Target) | 2.9% | 2.6% | 14.1% | |
Fair Value Upside | Unlock | −5.5% | −0.3% | Unlock |