Nexus Select Trust has reported strong financial and operational performance for Q2 FY27, supported by higher retail consumption and leasing momentum. India’s first listed retail Real Estate Investment Trust (REIT) recorded an 8% year-on-year increase in Net Operating Income (NOI) to ₹504 crore.
The company announced its financial results for the quarter ended September 30, 2026. Quarterly consumption reached ₹3,909 crore, registering 13% growth compared with the same period last year.
Record Distribution and Leasing Performance
Nexus Select Trust declared a distribution of ₹359 crore, equivalent to ₹2.367 per unit. This represents an 8% year-on-year increase in distribution per unit.
The company has also completed its 13th consecutive quarter of distributing 100% of its declared payout to unitholders.
During the quarter, Nexus achieved 25% re-leasing spreads across 0.5 million sq. ft. of re-leased space. Its portfolio also recorded broad-based consumption growth across retail categories.
The company maintained a strong balance sheet, with a debt cost of 7.2%, an AAA/Stable credit rating and a loan-to-value ratio of 18%.
Expansion Plans and New Market Opportunities
Commenting on the performance, Dalip Sehgal, Executive Director and Chief Executive Officer of Nexus Select Trust, highlighted the resilience of the retail portfolio and strong operational execution.
He also noted that the company had distributed more than ₹4,400 crore since its listing, delivering an IRR of 24%.
During the quarter, Nexus announced its entry into Northeast India through a development project in Guwahati. The proposed project includes a Grade-A shopping mall and hotel.
Siddharth Nawal, Managing Director and CEO-Designate, stated that the company aims to double its portfolio by 2030. It has developed an acquisition pipeline of six retail assets across India, with two currently under due diligence.
The company plans to strengthen its presence in East and Northeast India through new consumption centres and acquisition opportunities.
