Curation Team
NEW DELHI: Nexus Select Trust, a Real Estate Investment Trust (REIT) backed by retail properties, on Tuesday reported 7 per cent increase in net operating income to Rs 446.9 crore for the latest quarter ended March.
According to a regulatory filing, the company declared distribution of Rs 303 crore or Rs 2 per unit to unitholders for the fourth quarter of 2024-25 fiscal.
The cumulative distribution of unitholders for the full fiscal is Rs 1,265 crore.
Nexus Select Trust is India’s first publicly listed retail REIT.
Its portfolio comprises 19 shopping malls with a gross leasable area of 10.6 million square feet spread across 15 cities in India, three hotel assets (450 keys) and three office assets with a gross leasable area of 1.3 million square feet.
