BSENexus Select TrustMediumNeutral
Announced Tue, 12 May · 16:58 IST

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

Mgmt Guided Margin ImprovementPromoter Disclosed Acquisition PlansOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust, India's first listed retail REIT, reported strong Q4 and FY26 results. Q4 FY26 DPU stood at INR 2.286 per unit with 14% YoY growth, while FY26 DPU of INR 9.081 per unit met the annual guidance. Retail NOI grew 11% YoY to INR 4.4 billion in Q4 and 13% YoY to INR 19.3 billion for FY26. Tenant sales surged 19% YoY in Q4, driven by Fashion, Beauty, Jewellery, Electronics and Entertainment categories. The trust maintained 97% occupancy for the 12th consecutive quarter. Key strategic moves include announcing acquisition of 244k sf Diamond Plaza mall in Kolkata (expected H1 FY27) and signing an agreement with Runwal Enterprises for a 0.7M sf under-construction Grade-A mall in MMR. The company has a robust pipeline of 8 retail assets, with 2 currently under due diligence. FY27 guidance projects DPU of INR 9.8-10 per unit (9% growth) and NOI of INR 20.5-20.7 billion.

Likely market impact

The strong operational performance with double-digit consumption growth and margin improvement guidance signals healthy fundamentals for this retail REIT. The disclosed acquisition pipeline and strategic partnerships for future growth opportunities are positive for unitholders seeking income and capital appreciation.