NEXUS SELECT TRUST

India’s six listed REITs distribute Rs 3,136 crore in Q1 FY27

India’s six listed REITs distributed Rs 3,136 crore to over 4.85 lakh unitholders in Q1 FY27, reflecting strong rental collections, occupancy and stable cash flows. With Rs 3.17 lakh crore in assets, the sector continues expanding, offering investors regulated access to income-generating commercial real estate and strengthening its role in India’s capital markets.

Malls put eateries under scrutiny amid govt's hygiene crackdown

Amid increasing concerns over food safety and hygiene, Indian malls are ramping up their oversight of restaurant operations. Major mall operators have sent out new warnings to food and beverage tenants, responding to recent enforcement actions by food and drug authorities across various states.

REIT, InvIT investors can benefit if trust switches income tax regime: Know how maximum effective tax rate of 34.94% under old tax regime comes down to 28.60% under new tax regime

Effective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax regime. REIT, InvIT unitholders can gain from new tax regime.

Nexus Select Trust Q1 NOI rises 11% on strong retail demand

Nexus Select Trust reported an eleven percent increase in net operating income. Retail consumption rose seventeen percent, supporting strong leasing activity across its portfolio. The trust declared a distribution of Rs 370 crore, a ten percent rise. It also plans portfolio expansion with new acquisitions and existing asset renewals. Nexus Select Trust aims to double its portfolio by the year 2030.

Nexus Select Trust posts 11% increase in net operating income to Rs 510 crore

Nexus Select Trust has announced an exciting eleven percent rise in net operating income, coupled with a distribution of three hundred seventy crore rupees to its unit holders. With an eye on growth, they are exploring the acquisition of eight additional shopping malls, expanding its current portfolio of nineteen. The REIT's goal is ambitious, aiming to double its holdings by 2030.

Nexus Select Trust records 11% growth in Q1 consumption, NOI up 12%

Nexus Select Trust, India's first retail REIT, reported an 11% year-on-year increase in tenant sales, reaching Rs 3,300 crore. The REIT's retail NOI grew by 12% to Rs 420 crore, leading to a distribution of Rs 2.23 per unit. Driven by strategic acquisitions and operational improvements, the company is optimistic about meeting its 2026 targets.

Nexus Select Trust Q2 Results: Net operating income jumps 17% YoY to Rs 390.9 crore

The company’s retail leased occupancy improved by 120 basis points from a year ago. India’s first listed retail REIT has signed a non-binding term sheet to acquire three Grade-A consumption centres in southern India.

After premium listing, can Nexus Select Trust offer more returns to investors?

Nexus Select Trust is a REIT that is backed by rental yielding assets. The trust is listed at a mild premium of 3% over the issue price on Friday. Analysts advise investors to hold on to the stock and even accumulate at the listing price for the long-term considering the growth visibility.

Nexus Select Trust REIT shares list at 3% premium over issue price

Nexus Select Trust REIT listed at a 3% premium over issue price on the NSE on Friday. The stock got listed at Rs 102.27 on the BSE, as against the upper price band of Rs 100, a premium of over 2%. With the listing, Nexus became India's first REIT with rent-yielding retail real estate assets. Before Nexus hit the markets, there were three listed REITs - Embassy Office Parks REIT, Mindspace Business Parks RE

Blackstone Group-backed Nexus Select Trust REIT to list on Friday

Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), backed by Blackstone Group, has raised over INR1.44bn ($19m), accounting for 45% of a $429m IPO, from 16 institutional investors in its fully-subscribed anchor book. The REIT owns 17 assets across 14 cities with Mumbai, Bangalore and Delhi being the primary markets. At the upper end of the IPO's price band, which was INR95-100 per unit, the issue was subscribed 6.55 times in the non-institutional investor category and 5.06 times by institutional investors.

Nexus Select Trust REIT IPO allotment expected tomorrow. Here's how you can check status

Nexus Select Trust REIT IPO's share allotment is set to take place on May 16th, with the process being supervised by the registrar. Investors may receive shares based on a lottery basis. Investors can check their allotment status through the BSE or the registrar's website. Currently, Nexus Select Trust shares are commanding a premium of ₹2 in the unlisted market. The company aims to offer a pre-tax yield of 8% in FY24, at the upper price band, and will be India’s first REIT with rent-yielding retail real estate assets.

Nexus Select Trust REIT issue closes with 5.74 times subscription

Nexus Select Trust's Rs 3,200-crore Initial Public Offering (IPO) that aims to establish India's first retail assets-led Real Estate Investment Trust (REIT), has been successful, with a total subscription of 5.74 times. The REIT had raised over Rs 1,440 crore through its anchor book, which was subscribed to by 16 institutional investors. The issue received over 1.55 lakh applications, while the institutional investor portion was subscribed 5.06 times, and the investor portion witnessed 6.55 times subscription at the upper end of the price band of Rs 95-100 per unit.

Nexus Select Trust REIT IPO sails through on Day 3

India's Rs 3,200 crore ($435m) initial public offering (IPO) of Blackstone-backed Nexus Select Trust, a real estate investment trust (REIT), was fully subscribed on the third day of bidding. The institutional investor segment was subscribed 1.32 times with other investors seeking 1.87 times. The issue is a mix of fresh-share offer and an offer for sale portion, gaining Rs 1,440 crore on the day before the issue opened from institutional investors. If the IPO touches the upperband of Rs 100, Nexus will have a market cap of Rs 15,150 crore, offering a pre-tax yield of 8% in FY24.

Nexus Select Trust REIT IPO: India’s first rental yielding retail REIT opens. Should you subscribe?

Nexus Select Trust plans to raise Rs 3,200 crore through an 3-day IPO opening on 9 May. The firm is the owner of India's largest mall platform consisting of 17 assets. The trust will become India's first REIT with rent-yielding retail estate assets, with the IPO comprising a fresh offering and OFS portion worth up to Rs 1,800 crore.

Nexus Select Trust raises Rs 1,440 crore via fully subscribed anchor book

The anchor book represents over 45% of the Rs 3,200-crore Initial Public Offering (IPO) that is scheduled to open on Tuesday and close on Thursday. The price band for the offer has been fixed at Rs 95-Rs 100 per unit.

Nexus Select Trust REIT’s Rs 3,200 cr-IPO to open on Tuesday. Here’s all you need to know

Nexus Select Trust eyes fresh acquisitions in Eastern India

The platform, which owns several malls, is India's first retail assets-led REIT. It is looking to add new properties spread around 1.5 million sq ft to its portfolio every year for the next three to five years, said Arjun Sharma, vice chairman at Nexus Select Mall Management.

Post Nexus Select Trust listing, Blackstone to still hold 43%: Asheesh Mohta

Blackstone Group is planning to dilute its equity holding by 43% via the IPO of Nexus Select Trust, India's largest retail platform encompassing 17 malls in 14 high-consumption cities. The group aims to raise Rs 3,200 crore ($434 million) including primary and secondary components at a distribution yield of 8.25% and a three-year average of 9%. The primary raise will be used to pay off existing shareholder loans, while the secondary raise will come from Blackstone funds and a partner in Pune, as its leverage continues to be low at 15%.

Select Citywalk, Elante Mall & more: India's largest mall platform - Nexus Select to launch REIT IPO on May 9

Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India

India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.

Nexus Select Trust REIT IPO: Price band announced, check dates

Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.

Blackstone-backed Nexus Select Trust's Rs 3,200 cr REIT IPO to open on May 9

The portfolio is 96% leased with a diversified tenant base of over 1,000 national and international brands like Apple. Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others across around 3,000 stores.

Blackstone-backed Nexus Select Trust plans to double shopping mall portfolio in 4-5 yrs through acquisition mode

Nexus Select Trust will be the first REIT with rent-yielding retail real estate assets. There are around 3,000 stores across 17 shopping malls while the number of brands is nearly 1,100. On the operational front, the occupancy level in the malls currently stands at 94 per cent with annual footfall of over 130 million.