Knowledge Realty Trust shares were trading at ₹113.88 as of 3:31 p.m. on September 25, 2026, according to latest market data. This represents a slight increase from the brokerage's target price of ₹122 per share that was set when the firm initiated coverage. The stock has shown recent volatility, with the latest trading price reflecting market movements since the initial recommendation.
Brokerage firm BOB Capital Markets has maintained its 'Hold' rating on Knowledge Realty Trust (KRT), with the stock currently trading near the brokerage's target price of ₹122 per share. According to the brokerage firm, the realty stock is expected to trade at a slightly lower-than-peer DPU multiple of 16.4x, compared with the peer average of 16.6x, reflecting its slower pace of DPU growth. The firm sees upside potential up to 7% from current levels, though the stock's recent performance near the target suggests limited near-term upside potential.
The firm highlighted that KRT has the lowest loan-to-value (LTV) ratio among its peers at 18% as of Q1FY27, compared with the peer average of around 26.2%. It also has the lowest weighted average cost of debt at approximately 7.23%, marginally below the peer average of 7.3%. This lower leverage reduces KRT's exposure to refinancing risks. As of Q1FY27, the REIT had around 2.6 million sq ft of leasable area under construction and access to a right of first offer (ROFO) pipeline of approximately 6.7 msf, which remain below peer averages of around 4.0 msf of assets under construction and 8.35 msf of ROFO pipeline respectively.
According to the brokerage firm, as of Q1FY27, the listed office REITs—Embassy, Mindspace, Brookfield India REIT, Knowledge Realty Trust (KRT) and Brookfield-backed Bagmane—collectively managed an average leasable area of around 33 million sq ft. Their portfolios had an average committed occupancy of nearly 93%, while average in-place rentals stood at about ₹98.2 per sq ft per month. The firm noted that REITs exhibit regional dominance with EMBASSY being the largest REIT in BLR, BIRET in NCR, MINDSPCE in HYD and MUMBAI, and expects REITs to continue consolidating and expanding leasable area in these five office markets via incremental new supply and acquisitions.
Knowledge Realty Trust has shown recent volatility, with the stock declining 0.12% over the past week and 2.58% in the last one month. Over the six-month period, the stock was almost flat, recording a marginal 0.04% decline. On a year-to-date basis, Knowledge Realty Trust has declined 8.22%, while its one-year performance remains nearly unchanged, with a marginal 0.30% fall. Knowledge Realty Trust shares made their market debut in August 2025, with stock listing at 3% premium on NSE at ₹103.
