BSEGeneral6d ago · 3 Nov 2026, 04:05 pm
Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Nexus Select Trust · 543913
✦ AI Summary▲ PositiveResults
Nexus Select Trust, India's first listed retail REIT, reported its financial results for the quarter ended September 30, 2026, with a 13% YoY growth in consumption and an 8% YoY increase in Net Operating Income (NOI). The company declared a distribution of INR 359 crores, equivalent to INR 2.367 per unit, and announced its strategic entry into Northeast India through a landmark transaction to develop a Grade-A mall and hotel in Guwahati.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Nexus Select Trust - 543913 - Reg 23(5)(i): Disclosure of material issue
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November 03, 2026
The Corporate Relations Department, The Corporate Relations Department,
The National Stock Exchange of India Limited, Department of Corporate Services,
Exchange Plaza, 5th Floor, BSE Limited,
Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai − 400051 Dalal Street, Mumbai − 400001
Re: Script Symbol “NXST”, Scrip Code 543913
Scrip Code for NCDs: 974909, 976118, 976119, 976657, 977372 and 977376;
Scrip Code for CPs: 732675 and 732676
Dear Sir/ Madam,
Subject: Press Release and Earnings Presentation of Nexus Select Trust for the quarter ended
September 30, 2026.
In continuation to our intimation dated November 03, 2026, regarding the outcome of the Board
Meeting held in connection with the quarter ended September 30, 2026, of Nexus Select Mall
Management Private Limited, Manager to Nexus Select Trust on November 03, 2026, please see
enclosed the:
1. Press Release for the quarter ended September 30, 2026, of Nexus Select Trust as Annexure I;
2. Earnings Presentation for the quarter ended September 30, 2026, of Nexus Select Trust as
Annexure II;
The Press Release and Earnings Presentation shall also be uploaded on the website of Nexus Select
Trust at https://www.nexusselecttrust.com/regulatory-filings.
We request you to kindly take note of the same.
Thanking you,
For and on behalf of Nexus Select Trust acting through its Manager, Nexus Select Mall
Management Private Limited
Vijay Kumar Gupta
Company Secretary and Compliance Officer
Membership No. A14545
Encl: As above
Annexure I
Nexus Select Trust reports highest ever NOI and Distribution
in H1 FY27, on the back of strong Q2 performance
Mumbai, November 3, 2026: Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first
listed retail REIT, announced its financial results for the quarter ended September 30,
2026.
Business Highlights
• Achieved quarterly consumption of INR 3,909 crores, recording 13% YoY growth
o Broad based growth witnessed across all categories during the quarter
• Net Operating Income (NOI) rose 8% YoY to INR 504 crores in Q2 FY27, driven by
strong consumption and leasing momentum
• Declared distribution of INR 359 crores INR 2.367 per unit up 8% YoY, marking the 13th
consecutive quarter of 100% distribution payout to unitholders
• Achieved 25% re-leasing spreads on 0.5M sf re-leased during the quarter
• Strong balance sheet with attractive debt cost of 7.2% (30bps lower YoY), AAA/Stable
credit rating and 18% LTV
Dalip Sehgal, Executive Director and Chief Executive Officer, Nexus Select Trust,
said “I am pleased to share that we have delivered robust 13% year on year consumption
growth during the quarter despite the festive season shifting largely to Q3 this year. This
performance reflects the resilience of our portfolio and the strength of our operational
execution in a challenging environment.
Building on this strong operational performance, we delivered 8% YoY growth in NOI in Q2
FY27 and are pleased to announce a distribution of INR 359 crores, equivalent to INR
2.367 per unit, reflecting 8% growth in DPU. Cumulatively since listing, we have
distributed more than INR 4,400 crores and delivered IRR of 24%, underscoring our
commitment to delivering consistent returns to our unitholders.
During the quarter, we announced our strategic entry into Northeast India through a
landmark transaction to develop a Grade-A mall and hotel in Guwahati. This marks the
first step in our broader strategy to establish a presence across the high-potential
consumption markets of East and Northeast India, with Guwahati offering an attractive
entry point into the region.”
The Board expressed its deep appreciation for Dalip Sehgal’s significant contributions in
building Nexus into a leading retail platform and successfully steering its listing and
growth journey. Under his leadership, Nexus has established a resilient operating
platform, strong governance practices and a disciplined approach to growth.
Building on this strong foundation, Siddharth Nawal, Managing Director and CEO-
Designate, Nexus Select Trust said, “With our ambition to double our portfolio by 2030,
we have built a robust acquisition pipeline comprising six retail assets across India, with
two currently under due diligence. Backed by a strong balance sheet, low leverage and
nearly USD 1 billion in available debt headroom, we are well positioned to capitalise on
attractive inorganic growth opportunities and continue scaling our platform. I look
forward to leading Nexus through its next phase of growth, starting with the addition of
consumption centres in East and North-East India.”
The Board of Directors of Nexus Select Mall Management Private Limited, the Manager to
Nexus Select Trust, declared the Q2 FY27 distribution at its meeting held today. The
record date is November 6, 2026, and the distribution will be paid on or before November
16, 2026.
The financial results and earnings presentation are available in the Investors section at
www.nexusselecttrust.com. The Q2 and H1 FY27 earnings call will be held on November
3, 2026 at 4.30 pm IST. A replay will be available on the website.
About Nexus Select Trust
Nexus Select Trust is India’s first publicly listed retail Real Estate Investment Trust (REIT). Our Portfolio
comprises 19 best-in-class Grade-A urban consumption centres with a Gross Leasable Area of 10.7
million square feet spread across 15 cities in India, three complementary hotel assets (450 keys) and
three office assets with a Gross Leasable Area of 1.3 million square feet. Our consumption centres
have a tenant base of ~1,100 domestic and international brands spanning across 3,200+ stores.
For more information, please visit www.nexusselecttrust.com.
Disclaimer
This press release is prepared for general information purposes only and has to be read along with the
presentation for earnings update. The information contained herein is based on management information
and estimates. It is only current as of its date, has not been independently verified and may be subject to
change without notice. Nexus Select Mall Management Private Limited (“the Manager”) in its capacity as
the Manager of Nexus Select Trust, and Nexus Select Trust make no representation or warranty, express
or implied, as to, and do not accept any responsibility or liability with respect to, the fairness and
completeness of the content hereof. Each recipient will be solely responsible for its own investigation,
assessment and analysis of the market and the market position of Nexus Select Trust. Nexus Select Trust
does not provide any guarantee or assurance with respect to any distribution or the trading price of its
units.
This press release contains forward-looking statements based on the currently held beliefs, opinions and
assumptions of the Manager. Forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, financial condition, performance, or achievements
of Nexus Select Trust or industry results, to differ materially from the results, financial condition,
performance or achievements expressed or implied by such forward-looking statements. Given these risks,
recipients of this press release are cautioned not to place undue reliance on these forward-looking
statements. The Manager disclaims any obligation to update these forward-looking statements to reflect
future events or developments or the impact of events which cannot currently be ascertained, such as
COVID-19. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’,
‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’
and similar expressions identify forward-looking statements.
This press release also contains certain financial measures which are not measures determined based on
GAAP, Ind-AS or any other internationally accepted accounting principles, and the
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