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Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed retail REIT, announced its financial results for the quarter ended September 30, 2026.
Business Highlights
- Achieved quarterly consumption of INR 3,909 crores, recording 13% YoY growth
- Broad based growth witnessed across all categories during the quarter
- Net Operating Income (NOI) rose 8% YoY to INR 504 crores in Q2 FY27, driven by strong consumption and leasing momentum
- Declared distribution of INR 359 crores INR 367 per unit up 8% YoY, marking the 13th consecutive quarter of 100% distribution payout to unitholders
- Achieved 25% re-leasing spreads on 5M sf re-leased during the quarter
- Strong balance sheet with attractive debt cost of 2% (30bps lower YoY), AAA/Stable credit rating and 18% LTV
Dalip Sehgal, Executive Director and Chief Executive Officer, Nexus Select Trust, said “I am pleased to share that we have delivered robust 13% year on year consumption growth during the quarter despite the festive season shifting largely to Q3 this year. This performance reffects the resilience of our portfolio and the strength of our operational execution in a challenging environment.
Building on this strong operational performance, we delivered 8% YoY growth in NOI in Q2 FY27 and are pleased to announce a distribution of INR 359 crores, equivalent to INR 2.367 per unit, reffecting 8% growth in DPU. Cumulatively since listing, we have distributed more than INR 4,400 crores and delivered IRR of 24%, underscoring our commitment to delivering consistent returns to our unitholders.
During the quarter, we announced our strategic entry into Northeast India through a landmark transaction to develop a Grade-A mall and hotel in Guwahati. This marks the first step in our broader strategy to establish a presence across the high-potential consumption markets of East and Northeast India, with Guwahati offering an attractive entry point into the region.”
The Board expressed its deep appreciation for Dalip Sehgal’s significant contributions in building Nexus into a leading retail platform and successfully steering its listing and growth journey. Under his leadership, Nexus has established a resilient operating platform, strong governance practices and a disciplined approach to growth.
Building on this strong foundation, Siddharth Nawal, Managing Director and CEO-Designate, Nexus Select Trust said, “With our ambition to double our portfolio by 2030, we have built a robust acquisition pipeline comprising six retail assets across India, with two currently under due diligence. Backed by a strong balance sheet, low leverage and nearly USD 1 billion in available debt headroom, we are well positioned to capitalise on attractive inorganic growth opportunities and continue scaling our platform. I look forward to leading Nexus through its next phase of growth, starting with the addition of consumption centres in East and North-East India.”
The Board of Directors of Nexus Select Mall Management Private Limited, the Manager to Nexus Select Trust, declared the Q2 FY27 distribution at its meeting held today. The record date is November 6, 2026, and the distribution will be paid on or before November 16, 2026.
