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 Q2 FY26 results with tenant sales of ~INR 35 billion, up 16% YoY (10% like-for-like). Retail NOI grew 14% YoY (8% like-for-like) to INR 4,675 million. The trust declared a distribution of INR 3,330 million (INR 2.198 per unit), a 10% YoY increase, marking the 9th consecutive quarter of 100% payout. Occupancy remained at 97% for the 10th straight quarter since listing, with re-leasing at 20% spreads. Management stated the trust is on track to meet FY26 NOI and distribution guidance. Additionally, the Chairman Mr. Tuhin Parikh stepped down, replaced by Mr. Asheesh Mohta, with Mr. Siddharth Nawal from Blackstone joining as a director.
Strong operational performance with double-digit consumption and NOI growth supports the distribution outlook. The acquisition pipeline of 10 assets (3 under due diligence) combined with ~$1 billion debt headroom signals potential future inorganic growth. Leadership transition to a Blackstone-backed board may strengthen strategic direction. Near-term positive for unitholders due to steady distributions and growth momentum.