Nexus Select Trust Announces Rs 359 Cr Distribution to Unitholders
Nexus Select Trust, a prominent real estate investment trust (REIT) focused on retail spaces, has announced a substantial distribution of Rs 358.60 crore to its unitholders for the quarter ended December 2025. This distribution, which amounts to Rs 2.36 per unit, is a testament to the company's robust financial performance and strategic management.
According to a regulatory filing, Nexus Select Trust reported a consolidated net profit of Rs 139.40 crore for the October-December period, marking a significant increase from Rs 114.73 crore in the corresponding period of the previous year. The company's total income also rose substantially, reaching Rs 691.93 crore in the third quarter of the current fiscal year, up from Rs 531.08 crore in the same period last year.
The net operating income (NOI) of Nexus Select Trust has also shown a healthy growth, rising by 15 percent to Rs 451.7 crore in the December quarter compared to Rs 392.5 crore in the previous year. This growth is attributed to the company's effective management of its diverse portfolio and its ability to capitalize on the retail sector's ongoing recovery.
The distributions to unitholders are in the form of interest, dividends, and repayment of SPV (special purpose vehicle) level debt. This approach ensures that the company maintains a strong financial position while rewarding its investors with consistent returns.
Nexus Select Trust's portfolio is a testament to its strategic investment in high-potential real estate assets. The company currently owns 19 retail real estate assets, including shopping malls, with a gross leasable area of 10.7 million square feet spread across 15 cities in India. Additionally, it has three hotel assets with 450 keys and three office assets with a gross leasable area of 1.3 million square feet.
The company's diversified portfolio allows it to mitigate risks and capitalize on various market opportunities. The retail sector, in particular, has shown resilience and growth, driven by increasing consumer spending and a recovering economy. Nexus Select Trust's focus on high-quality retail spaces has positioned it well to benefit from these trends.
Looking ahead, Nexus Select Trust remains committed to its growth strategy, which includes continuous asset management and strategic acquisitions. The company is poised to build on its strong performance and deliver consistent value to its unitholders in the coming quarters.
In conclusion, the Rs 359 crore distribution to unitholders is a clear indication of Nexus Select Trust's financial strength and its dedication to rewarding investors. As the real estate market continues to evolve, the company is well-positioned to navigate challenges and seize new opportunities.
