Nexus Select Trust Retail Real Estate Portfolio
Sector: Commercial • Location: India
Source: The Economic Times
Nexus Select Trust, India's first listed retail real estate investment trust (REIT), reported a 16% year-on-year growth in tenant sales to Rs 3,500 crore for the quarter ended September, alongside a 14% rise in retail net operating income to Rs 420 crore. The REIT maintained 97% portfolio occupancy and re-leased 0.23 million sq ft during the quarter at 20% spreads. It has a loan-to-value ratio of
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Status
Original status | operational |
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Taiyo last update | 00-00-0000 |
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Description
Description | Nexus Select Trust, India's first listed retail real estate investment trust (REIT), reported a 16% year-on-year growth in tenant sales to Rs 3,500 crore for the quarter ended September, alongside a 14% rise in retail net operating income to Rs 420 crore. The REIT maintained 97% portfolio occupancy and re-leased 0.23 million sq ft during the quarter at 20% spreads. It has a loan-to-value ratio of 18% and a pipeline of 10 potential acquisition assets, with three under due diligence. The REIT declared a distribution of Rs 333 crore, up 10% from a year ago. |
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Original Currency | USD |
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Data quality score | 100% |
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