Nexus Select Trust maintained a 100% distribution payout track record for the thirteenth consecutive quarter, delivering Rs 359 crore to unitholders. Operational momentum remained solid as the trust re-leased 0.5 million square feet at 25% spreads, even with the festive shopping season shifting primarily into the third quarter. Financing conditions also improved, with the trust's cost of debt dropping 30 basis points year-on-year to 7.2%. Strategic growth plans are currently supported by an active pipeline of six retail assets across India.
Key points
Nexus Select Trust has sustained a 100% distribution payout ratio to its unitholders for…: Nexus Select Trust has sustained a 100% distribution payout ratio to its unitholders for 13 consecutive quarters.
Strong balance sheet health is supported by an 18% loan-to-value ratio and roughly $1 bil…: Strong balance sheet health is supported by an 18% loan-to-value ratio and roughly $1 billion in debt headroom for expansion.
Geographic diversification progressed through a new deal to develop a Grade-A mall and ho…: Geographic diversification progressed through a new deal to develop a Grade-A mall and hotel in Guwahati.
Sources checked by our analysis pipeline: 1
The growth was recorded across categories, although the festive season shifted largely to the third quarter this year, the company said.
The REIT declared a distribution of Rs 359 crore, or Rs 2.367 per unit, an increase of 8% year-on-year. It has maintained a 100% distribution payout to unitholders for 13 consecutive quarters.
“This performance reflects the resilience of our portfolio and the strength of our operational execution in a challenging environment,” said Dalip Sehgal, Executive Director & CEO, Nexus Select Trust.
During the quarter, the company re-leased 0.5 million sq ft of space at spreads of 25%. Its loan-to-value ratio stood at 18%, while its cost of debt was 7.2%, down 30 basis points from a year earlier.
“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,” said Siddharth Nawal, MD & CEO-Designate, Nexus Select Trust.
According to him, backed by a strong balance sheet, low leverage and nearly $1 billion in available debt headroom, the company is well positioned…
Narrow congressional majorities following the upcoming vote are expected to favor political investigations over sweeping legislative overhauls, blunting immediate federal market impacts. Instead, regional policy fights and regulatory maneuvers present more immediate risks for utility and power equities. Investors are closely monitoring state races where local restrictions on energy-intensive data centers could directly influence capital deployment.
Several key economic reports are scheduled for release on Wednesday. The upcoming data includes the ADP jobs report, the services Purchasing Managers' Index (PMI), and the latest figures on oil inventories.
The tech giant is preparing to tap international credit markets to secure substantial long-term capital. This planned transaction signals an expansion of the company's financing strategy by accessing European investors for the very first time. Successful execution will provide significant liquidity while diversifying the firm's global currency liabilities.