BSENexus Select TrustLowNeutral
Announced Wed, 14 May · 16:03 IST

Nexus Select Trust has informed the Exchange regarding Disclosure of material issue

Board & Shareholder Meetings View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust, India's only listed Retail REIT, hosted an Analyst Day in Mumbai on May 14, 2025, unveiling its 'Nexus 2.0' growth strategy. The Trust currently operates 19 consumption centres across 15 cities with 10.6 million sq ft of retail space, 1.3 million sq ft of commercial offices, and 450 hotel keys. Key FY25 metrics include INR 124 Bn in tenant sales, 130 million shopper footfalls, gross asset value of INR 275 Bn (March 2025), 97.2% leased occupancy, and 1.0 million sq ft re-leased at 20%+ spreads. Management outlined Vision 2030 to double the portfolio to 30-35 malls and 18-20 million sq ft, with retail NOI targeted at INR 30 Bn+. The strategy focuses on tenant premiumization (jewellery share to grow from 4% to 14%, beauty from 4% to 8%), tech-enabled experiences, sustainability (Net Zero by 2030), and monetizing marketing revenue to INR 2,000 Mn by 2030.

Likely market impact

This is a strategic roadmap announcement rather than a material event—no immediate impact on share price is expected, but it reinforces the Trust's growth trajectory and organic expansion plan which could support long-term investor confidence and distribution growth.