Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust, India's first listed retail REIT, reported Q4 FY25 results with Net Operating Income of INR 4,469 million (7% YoY growth) on revenue of INR 5,803 million. The trust declared a distribution of INR 2.000 per unit for Q4, bringing FY25 cumulative distribution to INR 8.350 per unit (INR 12,650 million). Retail portfolio occupancy stood strong at 97.2% with tenant sales of ~INR 29 billion (6% YoY growth). Two acquisitions were completed recently — Nexus Vega City in Bengaluru (Feb'25) and MBD Complex in Ludhiana (May'25) at INR 531 crore. The independent valuation placed Gross Asset Value at INR 275 billion with NAV rising to INR 152 per unit. FY26 guidance projects ~15% NOI growth (INR 19.4-19.6 billion) and ~10% distribution growth (INR 9.10-9.20 per unit). Debt cost was reduced to 7.9% with AAA/Stable rating and 16% LTV, providing ~$1 billion debt headroom for further acquisitions.
Strong operational performance with consistent 100% NDCF payout (7th consecutive quarter) and accretive acquisitions should support unitholder returns. The 15% NOI growth guidance signals margin expansion, while the 10+ asset acquisition pipeline and ~$1 billion debt headroom point to continued inorganic growth potential. Distribution yield remains attractive for income-focused investors.