Nexus Select Trust Declares ₹2.44 Per Unit Distribution After Q1 FY2026 Results Review

Nexus Select Trust Declares ₹2.44 Per Unit Distribution After Q1 FY2026 Results Review​

Nexus Select Mall Management Private Limited, Manager to Nexus Select Trust, announced the outcomes of its board meeting held on August 3, 2026. The management approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, and declared distributions amounting to ₹369.96 Crores, or ₹2.442 per unit.

The distribution is scheduled for payment on or before August 13, 2026, with a record date set for August 6, 2026.

Financial Performance Highlights​

The Trust reported strong operational performance in the quarter ended June 30, 2026. The board considered and approved the Unaudited Financial Results, which saw Total Income stand at ₹306.68 Crores for the quarter. Expenses were noted at ₹3.78 Crores (operating and maintenance expenses), while Profit/Loss before tax was reported at ₹220.15 Crores.

The Trust's financial stability remains solid, with key ratios indicating prudent management of obligations:

Detailed Distribution Breakdown​

The declared distribution of ₹369.96 Crores to Unitholders is composed of several components, covering interest income, dividend payment, other income, and debt repayment:

• Interest Income: ₹157.71 Crores (or ₹1.041 per unit)
• Dividend: ₹130.44 Crores (or ₹0.861 per unit)
• Other Income: ₹0.455 Crores (or ₹0.003 per unit)
• Repayment of SPV level debt: ₹81.35 Crores (or ₹0.537 per unit)

The Trust's Earnings Per Unit (EPU), both Basic and Diluted, were reported at ₹1.45 for the quarter ended June 30, 2026. This compares to a Basic EPU of ₹2.30 in the preceding three months ending March 31, 2026.

Operational Management Fees​

Management fees recognized during the quarter included REIT management fees amounting to ₹3.78 Crores. The Trust also reported earnings from operations across various segments: Urban consumption center (Matt) generated ₹597.72 Crores in revenue for the period, while Office segment contributed ₹36.05 Crores.

Financial Covenant and Security Status​

The management provided a limited review of the consolidated unaudited financial results, confirming that the Trust is in compliance with financial covenants as per the Debenture Trust Deeds as of June 30, 2026.

Regarding security cover for non-convertible debentures (NCDs), detailed figures were provided in the annexed reports, showing asset values charged against various NCD series through respective SPVs and subsidiaries.

NXST Stock Price Movement​

Today, shares of Nexus Select Trust edged higher to close at ₹167.0, gaining 0.06% in the post-market trading session. The security saw strong interest throughout the day, recording a traded volume of 251,076 shares.