Nexus Select Trust Declares Highest Quarterly Distribution Since Listing on Back of Growth Momentum

Mumbai, India, February 3, 2026: Nexus Select Trust, India’s first listed Retail REIT, has announced its financial results for the quarter ended December 31, 2025 (Q3 FY26).

Business Highlights – Q3 FY26

• Robust consumption: Achieved highest ever quarterly tenant sales of ~INR 41 billion, up 16% YoY, driven by robust growth across categories including Beauty & Personal Care, Fashion, Jewellery, and Entertainment
• Solid financial performance: Retail Net Operating Income (NOI) rose 15% YoY to INR 4.5 billion
• Consistent distributions: Declared distribution of INR 3,586 million (INR 2.367 per unit), marking our highest quarterly distribution since listing, on track to achieve FY26 guidance
• Sustained leasing strength: Maintained 97% occupancy for the 11th consecutive quarter since listing
• Pro-active debt management: First in the Industry to raise a 10-year sustainability-linked bond of INR 7 billion with a floating rate tranche of INR 2 billion. The issuance was anchored by International Finance Corporation (“IFC”) – a member of the World Bank Group and will result in annual savings of INR 60 million. Post this issuance, overall debt cost reduced by ~30 bps to 7.2%
• Robust balance sheet: Lowly levered at 18% LTV, supported by a AAA/Stable credit rating
• Strategic expansion: Successfully completed acquisition of 60k sf prime retail space within Nexus Elante Complex which can accommodate high-value categories including Luxury Fashion
• Leadership in sustainability: Recognised as a “Regional Sector Leader – Retail Asia” by GRESB.

Dalip Sehgal, Executive Director and Chief Executive Officer at Nexus Select Trust, said, “Building on the strong momentum across our portfolio, we delivered another quarter of robust operational and financial performance in Q3 FY26, with tenant sales growing by 16 per cent and retail net operating income increasing by 15 per cent. Reflecting this performance, we are pleased to announce a distribution of INR 3,586 million, equivalent to INR 2.367 per unit, marking our highest quarterly distribution since listing. We remain firmly on track to achieve our FY26 NOI and distribution guidance.

“During the quarter, we completed the strategic acquisition of approximately 60,000 square feet of prime retail space across the Ground and First floors at Nexus Elante, further enhancing the mall’s retail positioning. This acquisition enables the activation of a prominent high-street frontage through the monetisation of an underutilised courtyard area, while improving customer circulation and dwell time. We intend to selectively replicate this acquisition-led expansion strategy across our portfolio where similar opportunities exist.

“Our recently acquired assets—Nexus Vega City and Nexus MBD Neopolis—continued to demonstrate strong momentum, delivering approximately 15 per cent growth in tenant sales alongside positive footfall trends during Q3 FY26. In line with our strategy to double the portfolio by 2030, we have built a robust acquisition pipeline of 11 assets across India, with four assets currently under due-diligence. Supported by a strong balance sheet, low leverage, and close to $1 billion of debt headroom, we are well positioned to execute the next phase of our inorganic growth strategy.”