Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, announced its financial results for the fourth quarter and full year ended March 31, 2026. 

Business Highlights

• Consumption growth momentum accelerated in Q4 FY26 with 19% YoY growth driven by categories like Fashion, Beauty & Personal Care, Jewellery, Electronics and Entertainment
• Retail Net Operating Income (NOI) rose 11% YoY to INR 4.4 billion in Q4 FY26
• Declared distribution of INR 3,463 million (INR 2.286 per unit), marking our 11^th consecutive quarter of

100% distribution payout o Achieved FY26 DPU guidance of INR 9.1 per unit implying 9% YoY growth

• Achieved healthy re-leasing spreads on 0.24M sf re-leased during the quarter; maintained 97% occupancy for the 12^th consecutive quarter since listing
• Strengthening our East India footprint with the announced acquisition of the 244k sf Grade-A Diamond Plaza mall in Kolkata
• Strong balance sheet with attractive debt cost of 7.3%, AAA/Stable credit rating and 18% LTV
• FY27 DPU Guidance: INR 9.8-10 per unit implying 9% growth

Dalip Sehgal, Executive Director and Chief Executive Officer at Nexus Select Trust, said, 

“We delivered another strong quarter of operational and financial performance, with tenant sales growing by 19% and retail net operating income rising by 11%. On the back of this performance, we are pleased to announce a distribution of INR 3,463 million, equivalent to INR 2.286 per unit, marking the 11^th consecutive quarter of 100% payout. With this distribution, we have cumulatively distributed ~INR 37 billion / INR 24.5 per unit and delivered total return of above 75% to unitholders since listing. We are targeting DPU growth of 9% for FY27.

During the year, we have successfully integrated Vega City and MBD Complex, with both assets delivering strong performance – evidenced by tenant sales growth of 15% and footfall growth of 9% in FY26. During the last six months, we strategically acquired ~60,000 square feet of prime retail space in Nexus Elante Complex and signed an agreement with Runwal Enterprises for development of 0.7M sf under-construction Grade-A mall in MMR. 

Aligned with our strategy to double the portfolio by 2030, we recently announced the acquisition of Diamond Plaza mall in Kolkata, with closing expected in the first half of FY27. We have built a robust acquisition pipeline of 8 retail assets across India, two of them are currently under due-diligence.

With a strong balance sheet, low leverage, and nearly USD 1 billion of debt headroom, we are well positioned to pursue future inorganic growth opportunities”

The Board of Directors of Nexus Select Mall Management Private Limited, Manager to the Nexus Select Trust, at its Board Meeting held earlier today declared that the record date for the Q4 FY26 distribution is May 15, 2026, and the distribution will be paid on or before May 22, 2026.