Nexus Select Trust's Net Operating Income Up 11% to 4.4 Billion in Q4 FY26

New Delhi, May 13: Nexus Select Trust reported an 11% year-on-year growth in retail NOI to 4.4 billion in Q4 FY26, declaring NAV of 164 per unit. The company provided a positive NOI guidance of 20.5 – 20.7 billion for FY27.

Distribution Details

The board declared distributions of 346.33 crore or 2.286 per unit for the quarter ended March 31, 2026. The distribution comprises interest of 0.753 per unit, dividend of 1.28 per unit, other income of 0.008 per unit, and repayment of SPV level debt of 0.245 per unit. The company has given a guidance of 9.8 - 10.0 distribution per unit for FY27.

CEO Statement on Acquisitions

Dalip Sehgal, executive director and CEO, said, "During the year, we have successfully integrated Vega City and MBD Complex, with both assets delivering sales growth of 15% and footfall growth of 9% in FY26. During the last six months, we strategically acquired ~60,000 sq ft of retail space in Nexus Elante Complex and signed an agreement with Runwal Enterprises for development of 0.7 million sq ft under-construction grade-A mall in MMR."

Financial Performance

The company reported a decline of 16.43 per cent in net consolidated profit for FY26, with profit after tax at 403.47 crore compared to 482.81 crore in FY25. Total income stood at 2,655.30 crore, a growth of 10.66 per cent. In Q4 FY26, profit after tax dipped 89.34 per cent to 12.18 crore.

Operational Metrics

Re-leasing spreads were at 0.24 million sq ft, and the trust maintained 97 per cent occupancy during the quarter. The performance was supported by strong retail sales and footfall growth across the integrated portfolio.