According to Equitymaster, Nexus Select Trust was among the top losers in the REIT sector, declining 1.6% in the latest trading session. The stock traded at ₹162.78 on BSE (down 1.64%) and ₹162.69 on NSE (down 0.60%). This underperformance contrasted with sector leaders Mindspace Business REIT (up 1.3%) and Brookfield India REIT (up 1.0%), while the benchmark S&P BSE Sensex closed at 83,382.71, down 0.29%.
According to reports from 1finance.co.in, Nexus Select Trust REIT delivered robust financial results in Q2 FY26. Revenue rose 13.8% year-on-year to ₹630.9 crore, reflecting stable performance from consumption-driven retail assets. Net operating income increased 14% to ₹467.5 crore, while EBITDA improved 12.66% to ₹447.5 crore compared to the same period last year. The trust distributed ₹333 crore (₹2.198 per unit) to investors, maintaining its commitment to regular income distribution.
As reported by 1finance.co.in, the REIT maintains a Gross Asset Value of ₹29,252.9 crore with occupancy at 96.9% across its diversified portfolio. The trust's assets span 15 cities with 10.6 million square feet of leasable area, hosting premium brands including GUCCI Beauty, COS, and PRADA Beauty. Since listing in May 2023, Nexus Select Trust has distributed ₹3,010 crore (₹19.853 per unit) while delivering total returns of over 80% to unitholders, demonstrating the resilience of its retail portfolio.
According to 1finance.co.in, Nexus Select Trust REIT maintains a net debt-to-GAV ratio of 18%, significantly below SEBI's regulatory limit of 49%. The trust is sponsored by Wynford Investments Ltd., India's largest owner and operator of Grade-A shopping malls, and backed by Blackstone, bringing global standards in retail asset management. This conservative approach to leverage supports the trust's focus on income-generating operations rather than aggressive expansion.
According to 1finance.co.in and Equitymaster, Nexus Select Trust REIT trades on both NSE (ticker: NXST) and BSE (code: 543913), offering liquidity advantages over direct property investments. Despite recent market volatility, the trust remains positioned as a satellite allocation for income-focused investors seeking diversification beyond office REITs. The retail WALE sits at 4.7 years with 16% of rental income from key retail categories, creating both opportunities for rental escalation and exposure to consumer spending patterns. The investment is best suited for long-term investors with 5+ year horizons who can benefit from operational improvements.
