Nexus Select Trust posts FY26 revenue of INR 25.7 bn across 19 malls at 97% occupancy

India's mall REIT reported FY26 metrics spanning 19 consumption centres in 15 cities and 10.7 Msf of retail at 97% occupancy. Tenant sales topped INR 143 billion, with NOI of INR 19.3 billion and footfalls of 137 million across 1,100 brands and 3,200+ stores. GAV stood at INR 306 billion with a conservative LTV of 18%.

— FiledSun, 28 Jun, 2026, 17:04 IST·First seen Sun, 28 Jun, 2026, 17:03 IST·Source Nexus Select Trust · official

What happened

Nexus Select Trust, India's mall REIT, reported FY26 metrics: 19 consumption centres across 15 cities, 10.7 Msf retail at 97% occupancy, 1,100 brands, tenant

Key facts

  • 19 consumption centres
  • 15 cities
  • 10.7 Msf retail portfolio
  • 97% occupancy
  • 1,100 brands
  • 3,200+ stores
  • tenant sales INR 143 billion
  • footfalls 137 million
  • NOI INR 19.3 billion
  • revenue INR 25.7 billion
  • GAV INR 306 billion
  • LTV 18%

Why this matters

A 19-asset, 15-city platform at 97% occupancy with low 18% leverage is well-positioned to acquire or develop additional consumption centres without straining the balance sheet.

What to watch

  • Quarterly tenant sales per sq ft and footfall conversion trends
  • Re-leasing spreads on expiring leases and occupancy retention
  • RBI rate path and its impact on cap rates / borrowing cost
  • Announced acquisitions and resulting LTV movement
  • Discretionary consumption indicators and festive-season retail data
  • Deploy debt headroom toward acquisitions or greenfield/brownfield mall additions
  • Push minimum-guarantee plus turnover-rent renewals to capture trading-density upside
  • Optimize tenant mix toward F&B, entertainment and premium brands to lift footfall yield
  • Guide market on FY27 NOI growth and DPU trajectory to anchor unit price

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