Nexus Select Trust Reports Strong Q1 FY27 Performance; NOI Rises 11% YoY, Consumption Grows 17%

Nexus Select Trust Reports Strong Q1 FY27 Performance; NOI Rises 11% YoY, Consumption Grows 17%​

Mumbai, India – Nexus Select Trust (NSE: NXST / BSE: 543913), India's first listed Retail REIT, announced its financial results for the quarter ended June 30, 2026. The company reported robust performance, driven by double-digit growth in consumption and Net Operating Income (NOI).

The Trust achieved a quarterly consumption figure of INR 3,850 crores, marking a 17% year-on-year (YoY) increase. Net Operating Income (NOI) rose 11% YoY to INR 510 crores in Q1 FY27, supported by strong leasing momentum and robust consumer activity across all portfolio categories.

The Trust declared a distribution of INR 370 crores for the quarter. This figure equates to INR 2.442 per unit, representing a 10% increase YoY and a 7% increase Quarter-on-Quarter (QoQ). This payout marks the 12th consecutive quarter where unitholders received a 100% distribution payout.

Key Financial Highlights for Q1 FY27​

Nexus Select Trust maintained a strong financial position, showcasing excellent operational execution and balance sheet health.

Operational Excellence and Leasing Update​

The Trust reported positive movements in its leasing activities, achieving double-digit re-leasing spreads on 0.4 million square feet (sq ft) that were leased during the quarter. A dedicated strategic re-lease of 0.2M sq ft was executed ahead of expiry at spreads exceeding 20%.

In terms of tenant mix enhancement, the company welcomed several first-to-portfolio brands, including Lego, Kurt Geiger, and Harajuku Bakehouse, which are set to further strengthen the customer experience and premium positioning of the portfolio. Furthermore, efforts were concentrated on enhancing the premium appeal of Nexus Seawoods by creating a curated Jewellery zone, featuring marquee brands such as Indriya, Kalyan Jewellers, and CaratLane.

Strategic Growth and Portfolio Management​

Building upon its operational success, Executive Director and Chief Executive Officer Dalip Sehgal highlighted that the Trust is well-positioned for future growth. Aligned with its strategy to double its portfolio by 2030, Nexus Select Trust announced the acquisition of Diamond Plaza mall in Kolkata, with the transaction expected to close in the first half of FY27.

The company also maintains a robust acquisition pipeline comprising eight retail assets across India, two of which are currently undergoing due diligence. The Trust benefits from a strong balance sheet, noting an attractive debt cost of 7.2%—30 basis points (bps) lower YoY—and maintaining an LTV of 18%. Furthermore, the company has nearly USD 1 billion in available debt headroom.

The Board of Directors of Nexus Select Mall Management Private Limited, Manager to the Nexus Select Trust, declared that the record date for the Q1 FY27 distribution is August 06, 2026, with payments scheduled on or before August 13, 2026.

About Nexus Select Trust​

Nexus Select Trust is India's first publicly listed retail REIT. Its portfolio comprises 19 best-in-class Grade-A urban consumption centers across 15 cities in India. These assets cover a Gross Leasable Area of 10.7 million square feet, and the consumer centers feature a tenant base of over 1,100 domestic and international brands spanning more than 3,200 stores.

NXST Stock Price Movement​

Nexus Select Trust shares posted a slight gain in the market, closing today at ₹166.96 after nudging up 0.06%. The stock saw robust activity during the session, with traders moving a total of 251,076 shares.