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 Q3 FY26 results with record tenant sales of ~INR 41 billion, up 16% year-on-year, driven by strong growth in Beauty, Fashion, Jewellery, and Entertainment. Retail Net Operating Income grew 15% YoY to INR 5,033 million. The Trust declared its highest-ever quarterly distribution of INR 3,586 million (INR 2.367 per unit, 8% YoY growth), and says it is on track to meet its full-year FY26 guidance. It maintained 97% occupancy for the 11th straight quarter, refinanced INR 7 billion in debt via a 10-year sustainability-linked bond (lowering average debt cost to 7.2%, ~30 bps reduction), and completed a 60,000 sq ft bolt-on acquisition at Nexus Elante. Management also disclosed a pipeline of 11 acquisition assets, with 4 under due diligence, as part of its strategy to double the portfolio by 2030.
Strong operational results, record distribution, and successful low-cost debt refinancing are positive for unitholders, reinforcing income visibility and growth outlook. The acquisition pipeline and stated goal to double the portfolio by 2030 signal continued inorganic expansion, likely supportive of the unit price, though execution risk on the pipeline remains.