Advertisement
Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Nexus Select Trust reported a 12 per cent increase in net operating income (NOI) during the quarter ended March 2026 and announced a distribution of INR 346.3 crore to unitholders. The retail-focused real estate investment trust (REIT), which owns 19 shopping malls across 15 Indian cities, recorded quarterly NOI of INR 498.6 crore. During FY26, the REIT reported annual NOI of INR 1,929.6 crore and declared total distributions of INR 1,375.8 crore, equivalent to INR 9.081 per unit. The company is pursuing an expansion strategy aimed at doubling its portfolio by 2030 and recently announced the acquisition of Diamond Plaza mall in Kolkata. Nexus Select Trust currently has a retail portfolio spanning 10.7 million sq ft along with hotel and office assets across multiple Indian markets.
Nexus Select Trust reported a 12 per cent increase in net operating income (NOI) during the quarter ended March 2026, supported by performance across its retail asset portfolio and continued operational growth within organised retail real estate. Advertisement
According to the company, quarterly NOI stood at INR 498.6 crore during the reporting period. The retail-focused real estate investment trust (REIT) also announced a distribution of INR 346.3 crore to its unitholders for the latest quarter.
During the full financial year 2025–26, Nexus Select Trust reported NOI of INR 1,929.6 crore. The company further declared total annual distributions amounting to INR 1,375.8 crore, translating to INR 9.081 per unit.
The REIT currently owns 19 shopping malls with a gross leasable area of approximately 10.7 million sq ft spread across 15 cities in India, making it one of the country’s largest retail-focused REIT platforms.
As part of its long-term growth strategy, the company stated that it aims to double its portfolio size by 2030 through acquisitions and portfolio expansion.
Dalip Sehgal, executive director and chief executive officer of Nexus Select Trust, stated that the REIT had recently announced the acquisition of Diamond Plaza mall in Kolkata, with transaction closure expected during the first half of FY27.
Sehgal further stated that the company had developed an acquisition pipeline comprising eight retail assets across India, of which two properties were currently undergoing due diligence processes.
Apart from its retail portfolio, the REIT also owns three hotel assets comprising 450 keys and three office properties with a total leasable area of approximately 1.3 million sq ft.
India’s organised retail real estate sector has continued to witness increased institutional interest amid improving mall occupancies, stable leasing activity and rising consumer spending across urban centres. Industry stakeholders have indicated that retail-focused REITs are increasingly pursuing acquisition-led expansion strategies to strengthen scale, diversify tenant mixes and improve long-term distribution visibility.
The proposed acquisition activity by Nexus Select Trust also reflects broader consolidation trends within India’s retail real estate sector, where institutional investors and REIT platforms continue to seek operational retail assets across major metropolitan and tier-II markets.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
