Nexus Select Trust , India's first listed retail REIT, announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), delivering the highest quarterly distribution since listing. The company declared a distribution of INR 3,586 million, equivalent to INR 2.367 per unit, representing an 8% year-on-year growth.

Strong Operational Performance Drives Growth

The quarter witnessed exceptional consumption growth with tenant sales reaching INR 41 billion, marking a 16% year-on-year increase. This robust performance was driven by strong growth across key categories including Beauty & Personal Care, Fashion, Jewellery, and Entertainment. The company's retail Net Operating Income (NOI) rose 15% YoY to INR 4.5 billion, reflecting the strength of its operational execution.

Strategic Acquisitions and Expansion

During the quarter, Nexus Select Trust completed the strategic acquisition of approximately 60,000 square feet of prime retail space across the Ground and First floors at Nexus Elante. This acquisition enables the activation of a prominent high-street frontage through the monetization of an underutilized courtyard area, while improving customer circulation and dwell time.

The company's recently acquired assets—Nexus Vega City and Nexus MBD Neopolis—continued to demonstrate strong momentum, delivering approximately 15% growth in tenant sales alongside positive footfall trends during Q3 FY26. The trust has built a robust acquisition pipeline of 11 assets across India, with four assets currently under due diligence.

Financial Strength and Debt Management

Nexus Select Trust achieved a significant milestone by becoming the 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, a member of the World Bank Group, and will result in annual savings of INR 60 million. Post this issuance, the overall debt cost reduced by approximately 30 basis points to 7.2%.

Leadership Recognition and Future Outlook

The company was recognized as a "Regional Sector Leader – Retail Asia" by GRESB, highlighting its leadership in sustainability initiatives. Dalip Sehgal, Executive Director and Chief Executive Officer, emphasized that the company remains firmly on track to achieve its FY26 NOI and distribution guidance.

The Board of Directors declared that the record date for the Q3 FY26 distribution is February 05, 2026, with distribution to be paid on or before February 12, 2026. The trust's portfolio comprises 19 Grade-A urban consumption centres with a Gross Leasable Area of 10.7 million square feet spread across 15 cities in India, complemented by three hotel assets and three office assets.

Nexus Select Trust has announced that its board of directors will convene on February 2, 2026, to review quarterly financial performance and consider distribution payments to unitholders. The meeting, conducted through its manager Nexus Select Mall Management Private Limited, will address key financial matters for the quarter and nine months ended December 31, 2025.

Board Meeting Agenda

The board meeting scheduled for Monday, February 2, 2026, will focus on two primary agenda items:

The financial results will undergo limited review by the company's statutory auditors before final approval and publication.

Distribution Timeline

Nexus Select Trust has outlined a clear timeline for the proposed distribution to unitholders following the board meeting:

The record date of February 5, 2026, will determine eligible unitholders for the quarterly distribution, with payments scheduled to be completed within ten days of the board meeting.

Regulatory Compliance

The announcement was made in compliance with Regulation 29 of the Securities and Exchange Board of India regulations. Nexus Select Trust has informed both the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting. The company trades under the script symbol "NXST" with scrip code 543913 on the exchanges.

Corporate Structure

The board meeting will be conducted by Nexus Select Mall Management Private Limited, which serves as the manager to Nexus Select Trust. Company Secretary and Compliance Officer Vijay Kumar Gupta signed the official communication to the stock exchanges on January 21, 2026. The trust also maintains multiple non-convertible debentures and commercial papers with various scrip codes across different series.