BusinessBOB Capital Markets Recommends Hold on Knowledge Realty Trust
BOB Capital Markets initiated coverage on Knowledge Realty Trust (KRT) with a 'hold' rating and a target price of ₹122 per share, indicating a 7% upside. KRT trades at a slightly lower DPU multiple of 16.4x versus peers' 16.6x, reflecting slower DPU growth. It has the lowest loan-to-value ratio at 18% and a cost of debt of 7.23%, reducing refinancing risks. KRT plans organic growth via better asset utilization and has 2.6 msf leasable area under construction and 6.7 msf ROFO pipeline, below peer averages.
Mint Markets·3h ago


