Nexus Select Trust · NSE:NXST.RR
Nexus Select Trust — Q3 FY26 Earnings Presentation
36 slides from Nexus Select Trust's earnings presentation, Feb 2, 2026
Slide 1: Exchange intimation letter
February 02, 2026 To, The Corporate Relations Department, The Corporate Relations Department, The National Stock Exchange of India Limited, Department of Corporate Services, Exchange Plaza, 5th Floor, BSE Limited, Plot No. C/1, G-Block, Bandra-Kurla Complex, 25th Floor, Phiroze Jeejeebhoy Towers, Ba
Slide 2: Press release: highest quarterly distribution since listing
Annexure - I Nexus Select Trust declares highest quarterly distribution since listing on the back of strong growth momentum Mumbai, India, 02 February 2026: Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, announced its financial results for the quarter ended December
Slide 3: Investor Materials and Quarterly Investor Call Details
Investor Materials and Quarterly Investor Call Details Nexus Select Trust has released a package of information on the quarterly results and performance, that includes an earnings presentation covering Q3 FY26 results. All these materials are available in the Investors section of our website at www.
Slide 4: Disclaimer
Disclaimer This press release is prepared for general information purposes only and has to be read along with the presentation for earnings update. The information contained herein is based on management information and estimates. It is only current as of its date, has not been independently verifie
Slide 5: Nexus Select Trust Q3 FY26
Annexure - II Nexus Select Trust Q3 FY26 Earnings Update February 02, 2026
Slide 6: Disclaimer
DISCLAIMER This presentation is issued by Nexus Select Mall Management Private Limited (the “Manager”) in its capacity as the Manager of the Nexus Select Trust, for general information purposes only, without regards to the specific objectives, financial situation or requirements of any particular pe
Slide 7: Table of Contents
TABLE OF CONTENTS I. Key Highlights 3 II. Leasing Update 8 III. Marketing Update 11 IV. Hospitality & Office 15 V. Financial Update 17 VI. Sustainability Initiatives 23 VII. Appendix 26 2 2
Slide 8: Key Highlights
(I). KEY HIGHLIGHTS Nexus Vega City, Bengaluru
Slide 9: Key Highlights (Q3 FY26)
KEY HIGHLIGHTS (Q3 FY26) CONSUMPTION GROWTH RETAIL NOI GROWTH RE-FINANCING Strong consumption growth of 16% YoY; Re-financed INR 7 Bn debt at 7.0% leading to Robust NOI growth of 15% YoY momentum continues in Jan’26 ~INR 60 M of annual savings (Amount in INR Bn) (Amount in INR M) 4,517 7.9% 40.6 7.0
Slide 10: Consumption Growth (Q3 & 9M FY26)
CONSUMPTION GROWTH (Q3 & 9M FY26) Robust consumption growth of 16% YoY in Q3 FY26 driven by key categories like Beauty & Personal Care, Fashion, Jewellery, and Entertainment Growth momentum continues in January with double-digit consumption growth Consumption (Amount in INR Bn) 108.2 40.6 94.7 35.2
Slide 11: Elante Boulevard bolt-on acquisition
ELANTE BOULEVARD Completed a strategic bolt-on acquisition of 60k sf prime retail space within the Nexus Elante Complex LTV post acquisition remains at 18% Perspective Image ➢ Enables activation of high- street frontage in the courtyard Elante Boulevard ➢ Driven by strong tenant demand; will further
Slide 12: Consolidated Financial Performance (Q3 FY26)
CONSOLIDATED FINANCIAL PERFORMANCE (Q3 FY26) Delivered robust NOI growth of 14% YoY (8% YoY LFL) in Q3 FY26; on track to achieve full year guidance INR 6,712 M INR 5,033 M INR 4,716 M Revenue from Operations NOI EBITDA 14% INR 2.367 100% YoY NOI Growth Distribution Per Unit NDCF Payout Ratio for 10t
Slide 13: Leasing Update
(II). LEASING UPDATE Nexus Koramangala, Bengaluru
Slide 14: Robust Leasing
ROBUST LEASING Strategically churned 0.3M sf area before expiry at 18% spread in 9M FY26; 45%+ of gross rentals expiring over next 3 years Q3 FY26 Updates 97% 95% 0.18M sf 20% Leased Occupancy Trading Occupancy Re-leased Re-leasing Spread(1) Leasing Area Expiring 1.7 (M sf) (M sf) 1.3 1.1M sf Averag
Slide 15: Strategic Upgrade at Nexus Elante
STRATEGIC UPGRADE AT NEXUS ELANTE Curated a high-end Jewellery Zone with over 10 marquee brands, revitalising the lower ground floor and driving strong footfall from high-spending customers Lobby Lobby Malabar Tanishq Tenants Key 10
Slide 16: Marketing Update
(III). MARKETING UPDATE 11 Nexus Shantiniketan, Bengaluru
Slide 17: Ticketed Experiences
TICKETED EXPERIENCES Immersive ticketed experiences driving footfall growth and generating INR 34 M in revenue Festive Reflection (Nexus Shantiniketan) North Pole Express (Nexus Ahmedabad One) Horror Mania (Nexus Vijaya) Jungle Tales (Nexus Seawoods) 12 12
Slide 18: Festive Activations
FESTIVE ACTIVATIONS Curated festive décor and experiential activations across our malls, enhancing destination appeal and augmenting footfalls Diwali Decor (Nexus Shantiniketan) Christmas Decor (Nexus Koramangala) Christmas Decor (Nexus Vega City) Christmas Decor (Nexus Hyderabad) 13 13
Slide 19: NexusONE App
NEXUSONE APP NexusONE App has been launched across 17 malls, with seamless expansion to recently acquired Nexus Vega City and Nexus MBD Neopolis App Launched Tenant Sales (Number of Malls) (Amount in INR Bn) 1.3x 17 1.7x 4.3 13 2.6 Dec-24 Dec-25 Q3 FY25 Q3 FY26 App Sign-ups Customer Repeat Rate (Num
Slide 20: Hospitality & Office
(IV). HOSPITALITY & OFFICE Hyatt Regency, Chandigarh
Slide 21: Hospitality and Office Snapshot (Q3 FY26)
HOSPITALITY AND OFFICE SNAPSHOT (Q3 FY26) (9% of GAV) (1) Office and Hospitality portfolio continues to perform strongly HOSPITALITY (450 Keys / 3 Assets) OFFICE (1.3M sf / 3 Assets) Hyatt Regency, Chandigarh Westend Offices, Pune 75% INR 10,278 90% 3.3 Years Occupancy ADR Occupancy WALE INR 506 M I
Slide 22: Financial Update
(V). FINANCIAL UPDATE Nexus Vijaya, Chennai
Slide 23: NDCF Walkdown
NDCF WALKDOWN Declared distribution of INR 3,586 M / INR 2.367 per unit for Q3 FY26; representing highest ever quarterly distribution since listing (INR M) Particulars Q3 FY26 (1) Revenue from Operations 6,758 NOI Direct Operating Expenses (1,594) Property Taxes and Insurance (131) Net Operating Inc
Slide 24: Distribution Summary
DISTRIBUTION SUMMARY Distributed INR 3,586 M / INR 2.367 per unit in Q3 FY26; up by 8% YoY Distribution Highlights Distribution Mix Distribution Period 1st Oct’25 to 31st Dec’25 Amortization of SPV Debt 7.1% Other Income Distribution Amount (M) INR 3,586 0.6% Interest 25.8% Outstanding Units (M) 1,5
Slide 25: Sustainability Linked Bonds
SUSTAINABILITY LINKED BONDS First REIT to issue 10-Yr sustainability linked bond at 7%; issue anchored by IFC(1) INR 7,000 M 7% 10-Yr INR 2,000 M Floating Rate Debt Raised Interest Rate Tenor Tranche Key Highlights of Sustainability-linked Bond ▪ 1st REIT to issue 10-yr sustainability-linked bond ▪
Slide 26: Active Debt Management
ACTIVE DEBT MANAGEMENT Active debt management resulted in 100 bps debt cost reduction over last two years Debt Maturity Profile INR 53 Bn (Amount in INR M) REIT level debt SPV level debt Net Debt(1) 5 3 21 2 5 5 18% LTV(1)(2) 2 1 12 2 2 2 2 3 AAA / Stable Average Debt Cost (%) CRISIL / ICRA Rating 2
Slide 27: Debt Profile
DEBT PROFILE Robust balance sheet with diversified debt portfolio; average debt cost at 7.2% (lower by ~30bps QoQ) REIT/ SPV Debt Composition Fixed/ Floating Debt Composition REIT Level Debt 70% Floating Debt (vs Dec’2 ) 52% (vs 55 Dec’2 ) Gross Debt Gross Debt INR 61 Bn INR 61 Bn SPV Level Debt 30%
Slide 28: Sustainability Initiatives
(VI). SUSTAINABILITY INITIATIVES Nexus Centre City, Mysuru
Slide 29: Focused ESG Initiatives
FOCUSED ESG INITIATIVES Our sustainability initiatives are designed to bring positive impact to stakeholders, community and the environment Committed to achieve “Net Zero” for Scope 1 & Scope 2 emissions by 2030 60MW + GRESB Sector Leader Igniting Excellence, Awarded Great Place Renewable Energy Awa
Slide 30: Lakes of Happyness
LAKES OF HAPPYNESS Under the “Lakes of Happyness” initiative, we rejuvenated 10 lakes across Bengaluru, Hyderabad, Chennai and Maharashtra Targeting 15 lakes restoration by 2026 25 25
Slide 31: Appendix
(VII). APPENDIX Nexus Shantiniketan, Bengaluru
Slide 32: Portfolio Overview (Dec'25)
PORT OLIO OVERVIEW (DEC’25) India’s first retail REIT and leading Grade-A Consumption centre platform 19 10.7M sf Consumption Centres Retail Portfolio Across 15 Cities 97% 3,200+ Amritsar Ludhiana Chandigarh Delhi Leased Retail Stores with Occupancy(1) 1,000+ Brands Udaipur Ahmedabad Indore 12% 135
Slide 33: Key Asset Summary
KEY ASSET SUMMARY Nexus Nexus Select Nexus Nexus Ahmedabad Nexus Nexus Nexus Particulars Citywalk Elante Seawoods One Hyderabad Vijaya Shantiniketan Operational Metrics Leasable Area (M sf) 0.5 1.3 1.0 0.9 0.8 0.7 0.6 Leasing Occupancy (%) 100% 95% 98% 97% 99% 99% 98% Trading Occupancy (%) 97% 92% 9
Slide 34: Unitholding Pattern (Quarter Ended December 31, 2025)
UNITHOLDING PATTERN (QUARTER ENDED DECEMBER 31, 2025) Unitholding Pattern Increase in Unitholders Base (% stake) (#) Other Pre-IPO Select Group Shareholders 24.9% 11.4% 66k Public Sponsor Group 41.4% 22.3% Diversified Public Unitholding Pattern 47k (% stake) Others(2) 6.2% Retail Individuals 9.4% Mu
Slide 35: Key Terms and Definitions
KEY TERMS AND DEFINITIONS Notes: agreed with the tenant(s) ▪ All figures in this presentation are as of December 31, 2025 unless otherwise specified 20. Minimum Guaranteed Rent - Minimum guaranteed rental income (as defined above) / Occupied ▪ Some of the figures in this presentation have been round
Slide 36: Thank You
THANK YOU Pratik Dantara Website: www.nexusselecttrust.com Chief Investor Relations Officer and Head - Strategy Email: IR@nexusselecttrust.com Phone: +91-22-6280-5000 Manish Baid 31 31 DGM - Investor Relations