Nexus Select Trust's Retail Resurgence: Aiming for a Doubling Leap by 2030
Realty firm Nexus Select Trust reported strong growth with a 12% rise in net operating income to Rs 498.6 crore. The firm distributed Rs 346.3 crore among unitholders for the quarter ending in March. With plans to double its portfolio by 2030, Nexus is eyeing acquisitions, starting with Kolkata's Diamond Plaza.
Nexus Select Trust, a prominent realty firm, announced a significant 12% increase in net operating income, reaching Rs 498.6 crore, and distributed Rs 346.3 crore among its unitholders for the last quarter of fiscal ending March. The firm, known for its retail asset-backed REITs, boasts an impressive portfolio of 19 shopping malls encompassing 10.7 million square feet across 15 Indian cities.
In the fiscal year 2025-26, Nexus Select Trust's NOI stood at Rs 1,929.6 crore, with a total distribution of Rs 1,375.8 crore or Rs 9.081 per unit for the entire year. The company is gearing up to double its portfolio by 2030, with an aggressive acquisition strategy already set in motion.
Executive Director and CEO Dalip Sehgal highlighted the acquisition of Diamond Plaza mall in Kolkata, projected to close in H1 FY27, as part of their strategy. The company also has a robust pipeline featuring eight retail assets under consideration across India. Additionally, Nexus Select Trust holds three hotel assets and three office assets, covering 1.3 million square feet of leasable area.
(With inputs from agencies.)
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