Nexus Select Trust (NXST) Q1 26/27 earnings summary

Executive summary

• Achieved 17% year-on-year tenant/consumption sales growth in Q1 FY 2027, with broad-based double-digit growth across categories and continued positive momentum into July.

• Net operating income grew 11% year-on-year, and distribution per unit increased 10% to INR 2.442, marking the 12th consecutive quarter of 100% payout.

• Since listing in May 2023, distributed over INR 4,080 crores, delivering approximately 2x returns to unit holders and a 3x increase in unitholder base.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved, with auditor's limited review reports noting no material misstatements or deviations from REIT regulations.

• Distribution of ₹369.96 crore (₹2.442 per unit) declared for the quarter, comprising interest, dividend, other income, and debt repayment.

Financial highlights

• Revenue from operations reached INR 681 crore, up 11% year-on-year; NOI at INR 510 crore, up 11% year-on-year; EBITDA at INR 491 crore, up 10% year-on-year.

• Declared a distribution of INR 370 crore for the quarter, up 10% year-on-year, with per unit distribution of INR 2.442.

• Cumulative distributions since listing exceed INR 4,080 crores or INR 26 per unit.

• Standalone net profit for the quarter was ₹220.03 crore, consolidated net profit was ₹156.52 crore.

• Earnings per unit (EPU) for the quarter: Standalone ₹1.45 (basic/diluted), consolidated ₹1.03 (basic/diluted).

Outlook and guidance

• Guidance for INR 9.5–10 per unit distribution for the year remains unchanged, with guidance to be revisited after Q2.

• Healthy acquisition pipeline with two retail assets and 1M sf area under due diligence; Diamond Plaza Kolkata expected to close in 30–45 days.

• Construction of Nexus Runwal Gardens Mall in Mumbai progressing as planned, with 70% foundation work completed and acquisition targeted by March 2028.

• Distribution to unitholders to be paid on or before August 13, 2026, with record date set as August 6, 2026.