Hold onto your hats! Knowledge Realty Trust has delivered a smashing performance in the first half of financial year 2026. The real estate giant leased a whopping 1.8 million square feet of office space. Out of this, 1.2 million sq ft was fresh leasing, while 0.6 million sq ft came from renewals. Even better, they achieved an impressive average rental spread of 29%! What’s fueling this leasing frenzy? It’s mainly the global capability centers (GCCs) and India's own businesses, which together made up nearly 70% of the new deals. Quaiser Parvez, the Chief Operating Officer, said, "During the first half of FY26, we saw strong momentum with gross leasing and a healthy spread of 29%. Occupancy continues to trend upward, rising 340 bps YoY and taking portfolio occupancy to 92%, underpinned by GCCs and domestic demand." Cities like Hyderabad are leading the pack with a fantastic 99% occupancy. Mumbai and Bengaluru are close behind, both holding strong at 88%. So, business is booming across the top Indian metro hubs! But the good news doesn’t stop there. Knowledge Realty Trust has power-packed its finances by raising Rs 6,200 crore through its recent IPO. This includes Rs 1,400 crore collected before the IPO and a massive Rs 4,800 crore fresh from the IPO itself. Shirish Godbole, CEO, proudly shared, "We have strengthened our balance sheet, raising Rs 1,600 crore through non-convertible debentures at 7.2%, reducing the debt via refinancing and low-cost instruments, bringing interest costs down by 120 bps to 7.4% per annum. The low loan-to-value ratio of 18% provides us significant headroom to pursue growth." On the money front, the REIT reported eye-catching numbers with revenue hitting Rs 2201.9 crore and net operating income (NOI) at Rs 1954.4 crore—a sharp 17% and 20% increase year-on-year, respectively. The NOI margin stands strong at 89% for the half year. Q2 alone brought in Rs 1,123.8 crore revenue and Rs 988.1 crore NOI. And guess what? Investors are already smiling from ear to ear as Knowledge Realty Trust has declared its first ever distribution of Rs 690 crore, which comes to Rs 1.56 per unit. This REIT, jointly backed by Sattva Group and Blackstone, is India’s most geographically spread out office REIT. It boasts a powerhouse portfolio of 29 office properties totaling 46.4 million sq ft as of September. Out of these, 37.1 million sq ft is ready and running, 1.2 million sq ft is under construction, and a massive 8 million sq ft lies in future developments. Spanning six key Indian cities, Knowledge Realty Trust is all set to grow bigger and better!