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Nexus Select Trust has announced a distribution of INR 332.69 crore to unitholders for Q3 FY25, amounting to INR 2.19 per unit. The Net Operating Income (NOI) rose by 6% to INR 441.6 crore, driven by increasing consumer spending. Nine malls recorded their highest-ever quarterly consumption, particularly in fashion, jewellery, beauty, and entertainment. With 17 malls across 14 cities and 10 million sq. ft. of retail space, Nexus remains India's largest retail REIT. The company focuses on innovation and customer engagement, integrating experiential retail elements like live events and digital enhancements to create dynamic shopping experiences and drive sustained growth.
Nexus Select Trust announced a distribution of INR 332.69 crore to its unitholders for the quarter ending December 2024. In a regulatory filing, the company confirmed that its board had approved the disbursement, amounting to INR 2.19 per unit. The company's Net Operating Income (NOI) registered a 6% increase, reaching INR 441.6 crore in the third quarter of the fiscal year. Advertisement
As India's first publicly listed retail Real Estate Investment Trust (REIT), Nexus Select Trust continues to expand its footprint in the sector. Dalip Sehgal, Executive Director and Chief Executive Officer of Nexus Select Trust, highlighted the company's strong financial performance. He highlighted that net operating income saw a 6% year-on-year increase, driven by early signs of consumption growth during the quarter.
Nine malls achieved their highest-ever quarterly consumption, with categories like fashion, jewellery, watches, beauty and personal care, and entertainment significantly boosting footfall. The company remains focused on enriching customer experiences by introducing innovative features such as Dino Verse, anamorphic screens, and live events. These enhancements transform the malls into dynamic hubs for both consumption and social engagement.
Since its entry into India's dynamic and competitive retail market in 2016, Nexus has emerged as the country's largest retail real estate platform. With 17 malls strategically located across 14 cities, its portfolio boasts approximately 10 million square feet of Grade A retail space. Additionally, the trust owns two hotel assets with a combined 354 keys and three office properties spanning 1.3 million square feet of gross leasable space.
Nexus Malls continues to drive innovation and customer engagement, focusing on excellence, customer-centricity, and value-driven partnerships. By fostering synergies between brands and consumers, Nexus Malls has positioned itself at the forefront of India's retail real estate sector, ensuring sustained growth and enhanced consumer experiences.
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