Archive · 11 Jan 2026
Nexus Select Trust: Strong Urban Consumption Growth
Nexus Select Trust is a company that owns and manages shopping malls in big cities like Delhi and Mumbai.
It makes money by renting out spaces in these malls to stores and other businesses.
Right now, more people are visiting these malls, and the stores are doing well, which means the company is earning more money.
The company is also expected to give back a good portion of its earnings to its investors.
This makes it a good choice for people who want to invest their money safely and get regular returns.
The company's malls are almost always full, and it has long-term rental agreements, which means it will keep earning money for a long time.
It also has a low amount of debt compared to its earnings, which is a good sign for its financial health.
Nexus Select Trust operates in the commercial leasing space, benefiting from increasing footfalls and consumption in malls across top cities in India.
The trust trades at ₹159, with an expected yield of 5.5% in FY26 and more than 6% in FY27, with 72% of the payout being tax-free.
In FY25, the REIT's revenue from operations grew 19.2% to ₹2,283 crore, and EBITDA grew 22.2% to ₹1,669 crore.
The trust has a high occupancy level of 96.9% across its properties, with rents ranging from ₹104 to ₹457 per sq ft per month.
Nexus Select Trust has a strong financial position with a loan to value of 18%, an interest coverage ratio of 4x, and net debt to EBITDA of 2.9x.
- Who
- Nexus Select Trust, a real estate investment trust (REIT) operating in commercial leasing space in malls across top cities in India.
- What
- Nexus Select Trust is benefiting from increasing footfalls and consumption in malls, offering steady rental income and periodic increases.
- When
- As of September 2025 and projections for FY26 and FY27.
- Where
- Operating across 15 cities in 19 consumption centres, including Delhi, Navi Mumbai, Chandigarh, Ahmedabad, Hyderabad, Chennai, and Bengaluru.
- Why
- To provide relatively safer equity investments with steady rental income and periodic increases, benefiting from rising urban consumption and high occupancy levels.
- Current Unit Price
- ₹159
- Expected FY26 Yield
- 5.5%
- Expected FY27 Yield
- More than 6%
- Tax-Free Payout
- 72%
- FY25 Revenue Growth
- 19.2%
- FY25 EBITDA Growth
- 22.2%
- H1FY26 Revenue Growth
- 12.3%
- H1FY26 EBITDA Growth
- 12.2%
- Retail Portfolio Area
- 10.6 million sq ft
- Footfall Count (Last 12 Months)
- Over 133 million
- Occupancy Level (September 2025)
- 96.9%
- Weighted Average Lease Expiry (WALE)
- 4.7 years
- Loan to Value (GAV)
- 18%
- Average Cost of Debt
- 7.5%
- Interest Coverage Ratio
- 4x
- Net Debt to EBITDA
- 2.9x
- Gross Debt (September 2025)
- ₹5,800 crore