New Delhi, Sept. 9 -- Knowledge Realty Trust (KRT) has received a Buy rating from ICICI Securities, which has initiated coverage on the REIT with a target price of Rs.130, against a report price of Rs.112. The target implies around 16% upside. The brokerage is positive on KRT's office portfolio, tenant quality and improving operating metrics.

KRT had a total leasable area of 46.5 million sq ft as of June 2026, spread across 29 Grade A office assets. Of this, 37.3 million sq ft was completed while another 9.2 million sq ft represented under-construction future development area. Around 96% of the portfolio's gross asset value is located in Hyderabad, Mumbai and Bengaluru.

"We expect KRT's NOI CAGR of 9% over FY26-29E to be primarily drive...