Nexus Select Trust Q1 FY27 Results: Distribution Raised to ₹2.442 Per Unit, Strong Mall Performance Continues
Nexus Select Trust, India’s first listed retail Real Estate Investment Trust (REIT), reported a healthy operational performance for the quarter ended June 30, 2026 (Q1 FY27). The trust announced a higher quarterly distribution to unitholders, driven by resilient rental income and strong performance across its retail mall portfolio.
Key Highlights
- Quarterly Distribution: ₹2.442 per unit
- Total Distribution: ₹369.96 crore
- Record Date: August 6, 2026
- Distribution Payment: On or before August 13, 2026
- Standalone Net Operating Income (NOI): ₹220.15 crore
- Standalone Net Profit: ₹220.03 crore
The quarterly distribution comprises:
- Interest: ₹1.041 per unit
- Dividend: ₹0.861 per unit
- Other Income: ₹0.003 per unit
- Repayment of SPV Debt: ₹0.537 per unit
Consolidated Financial Performance
On a consolidated basis, Nexus Select Trust reported:
| Particulars | Q1 FY27 |
|---|---|
| Revenue from Operations | ₹680.53 crore |
| Net Operating Income (NOI) | ₹510.05 crore |
| Profit Before Tax | ₹227.07 crore |
| Net Profit After Tax | ₹156.52 crore |
The trust maintained healthy profitability despite finance costs and depreciation associated with its large retail property portfolio.
Retail Malls Continue to Drive Growth
Retail malls remained the largest contributor to revenue.
Segment-wise Revenue
- Retail Malls: ₹597.72 crore
- Office Portfolio: ₹36.05 crore
- Hospitality: ₹47.83 crore
- Other Businesses: ₹4.90 crore
Retail malls contributed nearly 88% of the trust’s operating revenue, highlighting the strength of India’s organized retail and premium shopping destinations.
Strong Operating Margins
Nexus Select Trust continued to deliver strong operating efficiency.
- Operating Margin: 74.95%
- Net Profit Margin: 22.27%
- Debt-to-Equity Ratio: 0.48
- Interest Coverage Ratio: 4.40x
These metrics reflect stable cash generation and prudent leverage.
Healthy Financial Position
The REIT maintained a robust balance sheet with:
- Net Worth: ₹13,020 crore
- Asset Cover Ratio: 43.10x
- Current Ratio: 0.62
The trust continues to benefit from stable rental cash flows generated by its diversified portfolio of premium retail assets.
Distribution Details
The Board approved a total distribution of ₹369.96 crore, equivalent to ₹2.442 per unit, for the quarter ended June 30, 2026.
Eligible unitholders as of August 6, 2026, will receive the distribution, with payment scheduled on or before August 13, 2026.