NEXUS SELECT TRUST REIT Q3 RESULTS
![REIT investors earn over Rs 1,300 crore in Q1: Indian REITs Association](https://img.etimg.com/thumb/msid-112653210,width-100,height-75,resizemode-4/markets/stocks/news/reit-investors-earn-over-rs-1300-crore-in-q1-indian-reits-association.jpg)
REIT investors earn over Rs 1,300 crore in Q1: Indian REITs Association
Indian Real Estate Investment Trusts (REITs) distributed more than Rs 1,371 crore among 2,45,000 unit holders in the first quarter of FY2025. Embassy Office Parks REIT was the largest distributor with Rs 530.8 crore. Collectively, since their inception five years ago, the four publicly listed REITs have disbursed over Rs 18,000 crore to unit holders.
![Vanguard buys 11.4 mn units of Nexus Select Trust for Rs 158 cr](https://img.etimg.com/thumb/msid-112539704,width-100,height-75,resizemode-4/markets/stocks/news/vanguard-buys-11-4-mn-units-of-nexus-select-trust-for-rs-158-cr.jpg)
Vanguard buys 11.4 mn units of Nexus Select Trust for Rs 158 cr
Vanguard Group purchased more than 11.4 million units in Nexus Select Trust, India's first retail property REIT, amounting to ₹158 crore. Morgan Stanley sold a part of its holding. The units traded up by 1.16% on the NSE. Blackstone also sold significant units recently, while various domestic and foreign funds acquired stakes.
![REITs Association says Hindenburg claim baseless, misleading](https://img.etimg.com/thumb/msid-112466336,width-100,height-75,resizemode-4/markets/stocks/news/reits-association-says-hindenburg-claim-baseless-misleading.jpg)
REITs Association says Hindenburg claim baseless, misleading
The Indian REITs Association (IRA) has refuted the claims of US-based short seller Hindenburg that regulatory changes were made to favor a major financial conglomerate, and called them "misleading" and "baseless."
![Morgan Stanley, Wells Fargo, HDFC among Nexus Select units buyers](https://img.etimg.com/thumb/msid-112411835,width-100,height-75,resizemode-4/industry/banking/finance/morgan-stanley-wells-fargo-hdfc-among-nexus-select-units-buyers.jpg)
Morgan Stanley, Wells Fargo, HDFC among Nexus Select units buyers
Morgan Stanley Asia Singapore and HDFC Flexicap Fund were among investors that bought Nexus Select Trust units valued at over ₹4,354 crore from Blackstone. This transaction reduced Blackstone's stake in the REIT from 43.1% to 22%. Units sold through open market block deals were priced at ₹138 each, slightly above the floor price.
![Blackstone sells 33 crore units in Nexus Select Trust for Rs 4,550 cr](https://img.etimg.com/thumb/msid-112407762,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/blackstone-sells-33-crore-units-in-nexus-select-trust-for-rs-4550-cr.jpg)
Blackstone sells 33 crore units in Nexus Select Trust for Rs 4,550 cr
Blackstone sold 33 crore units in Nexus Select Trust for around Rs 4,550 crore via a block deal, reducing its stake to 21%. Nexus Select Trust's portfolio includes 17 shopping malls, two hotels, and three office properties across 14 cities. Domestic and foreign investors, including ICICI Prudential and Wells Capital Group, purchased the units.
![Share market update: Most active stocks of the day in terms of traded value](https://img.etimg.com/thumb/msid-112403784,width-100,height-75,resizemode-4/markets/stocks/stock-watch/share-market-update-most-active-stocks-of-the-day-in-terms-of-traded-value.jpg)
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 250.5 points up at 24367.5
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Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 203.46 points up at 24320.45
Blackstone likely to sell over 33 crore Nexus REIT units in block deals on Friday
Blackstone sold more than 33 crore units of Nexus Select Trust at Rs 135 per unit, earning $530.6 million. Its stake dropped from 43.1% to 21.3%. A 15% stake remains locked up until May 2026, and 6.3% is voluntarily locked for nine months. Nexus Select Trust, established in 2015, operates 17 malls in 14 cities.
Nexus Select Trust says 5 assets under acquisition, discussions on for 5 more
The US-based private equity major Blackstone-backed REIT has entered into two separate term sheets to acquire two retail assets totalling around 8 lakh sq ft during the quarter ended June.
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
How to safely invest in real estate via fractional ownership platforms
Things to check before investing in real estate via Fractional Ownership: The Sebi has recently amended the rules and regulations for investing in real estate via Fractional Ownership platforms (FOPs). The new regulations intended to make investment in real estate (usually a commercial building) safer and transparent for retail investors.
Fashion companies' dull show worries Nexus Select
The concerns are weighing on Nexus as India's first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to grow the total portfolio to 20 malls and 11 million sq ft.
Nexus Select leases 1.1 million sq ft retail space in FY24, records highest occupancy
Blackstone-backed Nexus Select Trust, India’s first listed retail REIT, achieved a record 97.6% occupancy in FY 2023-24. The trust is set to acquire three Hyderabad malls, financing through debt, aiming for asset portfolio growth.
Nexus to add three malls in portfolio with an investment of Rs 1,000 crore
Nexus Select Trust, India's first publicly listed retail REIT, is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to increase its portfolio to 20 malls and 11 million sq ft. The company's performance of fashion brands is a concern, as they contribute 50% of its business. However, other categories like electronics and beauty are growing by 18-20%, helping Nexus achieve its target.
Embassy REIT's Q4 Results: Net operating income up 13% to Rs 766 cr
Embassy Office Parks REIT on Thursday reported a 13 per cent increase in its net operating income to Rs 765.6 crore and announced distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period.
Nexus Select aims to double portfolio in 5 years with acquisition-led strategy
Blackstone-backed Nexus Select Trust plans to double its assets portfolio to 20 million sq ft in 5 years. CEO Dalip Sehgal stated that the trust can borrow $1 billion or swap units for assets to fund acquisitions. The trust currently owns 17 malls across 14 cities, including Ahmedabad and Amritsar.
Brookfield India REIT leases 1 million sq ft in Q3, best-ever performance since listing
During the quarter ending December, Brookfield India Real Estate Trust secured leases for over 1 million sq ft of office space, attracting tenants such as Accenture, Capgemini, L&T Hydrocarbon, Newgen, Wipro, and Genpact. Projections indicate 2.0-2.4 million sq ft of new leasing over the next 4-5 quarters.
Nexus Select Trust records best-ever quarterly tenant sales of Rs 3,300 crore in Q3
India's first listed retail Real Estate Investment Trust (REIT), Nexus Select Trust, has reported a record-high quarterly tenant sales of Rs 3,300 crore, marking an 8% YoY increase. The REIT achieved its highest-ever retail occupancy of 97.3% and saw a 14% YoY growth in net operating income. It is on track to meet its financial year 2023-24 guidance and has declared a distribution of Rs 303 crore for the third quarter. Nexus Select Trust has also refinanced debt, resulting in annual savings of Rs 11.5 crore. The REIT's portfolio includes 17 Grade-A urban consumption centres and has a tenant base of over 1,000 brands.
Nexus Select Trust Q2 Results: Net operating income jumps 17% YoY to Rs 390.9 crore
The company’s retail leased occupancy improved by 120 basis points from a year ago. India’s first listed retail REIT has signed a non-binding term sheet to acquire three Grade-A consumption centres in southern India.
After premium listing, can Nexus Select Trust offer more returns to investors?
Nexus Select Trust is a REIT that is backed by rental yielding assets. The trust is listed at a mild premium of 3% over the issue price on Friday. Analysts advise investors to hold on to the stock and even accumulate at the listing price for the long-term considering the growth visibility.
Nexus Select Trust REIT shares list at 3% premium over issue price
Nexus Select Trust REIT listed at a 3% premium over issue price on the NSE on Friday. The stock got listed at Rs 102.27 on the BSE, as against the upper price band of Rs 100, a premium of over 2%. With the listing, Nexus became India's first REIT with rent-yielding retail real estate assets. Before Nexus hit the markets, there were three listed REITs - Embassy Office Parks REIT, Mindspace Business Parks RE
Nexus Select Trust REIT IPO listing likely on Friday. What to expect
Nexus Select Trust is expected to list on the exchanges on May 19 and is expected to have a marginal premium of Rs 2.50 in the unlisted market. The company is offering a pre-tax yield of 8% in FY24 at the upper price band.
Blackstone Group-backed Nexus Select Trust REIT to list on Friday
Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), backed by Blackstone Group, has raised over INR1.44bn ($19m), accounting for 45% of a $429m IPO, from 16 institutional investors in its fully-subscribed anchor book. The REIT owns 17 assets across 14 cities with Mumbai, Bangalore and Delhi being the primary markets. At the upper end of the IPO's price band, which was INR95-100 per unit, the issue was subscribed 6.55 times in the non-institutional investor category and 5.06 times by institutional investors.
Nexus Select Trust REIT issue closes with 5.74 times subscription
Nexus Select Trust's Rs 3,200-crore Initial Public Offering (IPO) that aims to establish India's first retail assets-led Real Estate Investment Trust (REIT), has been successful, with a total subscription of 5.74 times. The REIT had raised over Rs 1,440 crore through its anchor book, which was subscribed to by 16 institutional investors. The issue received over 1.55 lakh applications, while the institutional investor portion was subscribed 5.06 times, and the investor portion witnessed 6.55 times subscription at the upper end of the price band of Rs 95-100 per unit.
Nexus Select Trust REIT IPO sails through on Day 3
India's Rs 3,200 crore ($435m) initial public offering (IPO) of Blackstone-backed Nexus Select Trust, a real estate investment trust (REIT), was fully subscribed on the third day of bidding. The institutional investor segment was subscribed 1.32 times with other investors seeking 1.87 times. The issue is a mix of fresh-share offer and an offer for sale portion, gaining Rs 1,440 crore on the day before the issue opened from institutional investors. If the IPO touches the upperband of Rs 100, Nexus will have a market cap of Rs 15,150 crore, offering a pre-tax yield of 8% in FY24.
Nexus Select Trust REIT IPO: India’s first rental yielding retail REIT opens. Should you subscribe?
Nexus Select Trust plans to raise Rs 3,200 crore through an 3-day IPO opening on 9 May. The firm is the owner of India's largest mall platform consisting of 17 assets. The trust will become India's first REIT with rent-yielding retail estate assets, with the IPO comprising a fresh offering and OFS portion worth up to Rs 1,800 crore.
Nexus Select Trust REIT IPO: 10 things to know about the first retail asset offering in India
India's first retail asset offering, Nexus Select Trust, will launch its IPO on May 9, closing on May 11, with a price band for its initial shares of between INR 95-100 ($1.28-$1.35). The company, which has 17 high-quality mall assets in 14 cities across India with a total leasable area of 9.2 million sq ft, is the country's largest mall platform. The IPO comprises a fresh issue of shares worth INR 1,400 crore and a sale of existing shares of up to INR 1,800 crore.
Nexus Select Trust REIT IPO: Price band announced, check dates
Nexus Select Trust is India’s largest mall platform of 17 high-quality assets, strategically located in dense residential catchments across 14 prominent cities such as Delhi (Select Citywalk), Navi Mumbai (Nexus Seawoods), Bengaluru (Nexus Koramangala), Chandigarh (Nexus Elante), Ahmedabad (Nexus Ahmedabad One) among others.
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