Nexus Select Trust Reports Highest Ever Net Operating Income And Distribution In H1 FY27
Mumbai, November 5, 2026: Nexus Select Trust, India’s first listed retail REIT, announced its financial results for the quarter ended September 30, 2026, achieving a Net Operating Income (NOI) of Rs 504 crores, representing an 8 percent year-on-year growth, according to a press release issued by the trust.
During the second quarter of FY27, the trust recorded a quarterly consumption of Rs 3,909 Crores, reflecting a 13 percent year-on-year increase across categories. Net Operating Income rose alongside strong leasing momentum, which included 25 percent re-leasing spreads on 0.5 million square feet re-leased during the quarter. The trust declared a distribution of Rs 359 Crores, or Rs 2.367 per unit, up 8 percent year-on-year and marking its 13th consecutive quarter of a 100 percent distribution payout to unitholders. The record date for the Q2 FY27 distribution is November 6, 2026, with payment scheduled on or before November 16, 2026.
Commenting on the financial results, Dalip Sehgal, Executive Director and Chief Executive Officer, Nexus Select Trust, said: “I am pleased to share that we have delivered robust 13% year on year consumption growth during the quarter despite the festive season shifting largely to Q3 this year. This performance reffects the resilience of our portfolio and the strength of our operational execution in a challenging environment. Building on this strong operational performance, we delivered 8% YoY growth in NOI in Q2 FY27 and are pleased to announce a distribution of INR 359 crores, equivalent to INR 2.367 per unit, reffecting 8% growth in DPU. Cumulatively since listing, we have distributed more than INR 4,400 crores and delivered IRR of 24%, underscoring our commitment to delivering consistent returns to our unitholders. During the quarter, we announced our strategic entry into Northeast India through a landmark transaction to develop a Grade-A mall and hotel in Guwahati. This marks the first step in our broader strategy to establish a presence across the high-potential consumption markets of East and Northeast India, with Guwahati offering an attractive entry point into the region.”
Outlining future growth plans, Siddharth Nawal, Managing Director and CEO-Designate, Nexus Select Trust, said: “With our ambition to double our portfolio by 2030, we have built a robust acquisition pipeline comprising six retail assets across India, with two currently under due diligence. Backed by a strong balance sheet, low leverage and nearly USD 1 billion in available debt headroom, we are well positioned to capitalise on attractive inorganic growth opportunities and continue scaling our platform. I look forward to leading Nexus through its next phase of growth, starting with the addition of consumption centres in East and North-East India.”
