Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, reported results today for the third quarter ended December 31, 2024.

Business Highlights:

• Achieved Net Operating Income of INR 4,416 million (6% YoY growth) in Q3 FY25

• Declared distribution of INR 3,327 million or INR 2.196 per unit for Q3 FY25, up 10% YoY

• Achieved tenant sales of ~INR 35 billion in Q3 FY25 (6% YoY growth); witnessed sequential improvement in tenant sales

• Retail portfolio trading occupancy stands at 96.8%; up by 70 bps YoY

• Strong balance sheet with attractive debt cost at 7.9%, AAA / Stable rating; raised INR 10,000 million in

• Q3 FY25 at a debt cost of 7.7% p.a.

• Recognised as a ‘Great Place to Work’ for the fifth consecutive year

Dalip Sehgal, Executive Director and Chief Executive Officer at Nexus Select Trust, said, “We witnessed robust net operating income growth of 6% YoY in market conditions which witnessed green shoots in consumption growth during the quarter ended December 2024 with 9 of our malls recording their highest ever quarterly consumption. Categories like fashion, jewellery, watches, beauty and personal care and entertainment witnessed improvement in growth in the quarter and helped augment footfalls. We continue to focus on adding new experiences such as Dino Verse, Anamorphic screens and live events to make our malls consumption and social hubs.”

He further adds, “On the back of this performance, we are pleased to announce our sixth distribution of INR 3,327 million / INR 2.196 per unit, up 10% YoY. With this distribution, we have cumulatively distributed ~INR 20.3 billion / INR 13.425 per unit and delivered a total return of above 50% to our unitholders since listing. On the inorganic front, we expect the Vega City mall acquisition to close soon and our pipeline continues to remain robust”

The Board of Directors of Nexus Select Mall Management Private Limited, Manager to the Nexus Select Trust, at its Board Meeting held earlier today declared that the record date for the Q3 FY25 distribution is February 07, 2025, and the distribution will be paid on or before February 14, 2025.

Investor Materials and Quarterly Investor Call Details Nexus Select Trust has released a package of information on the quarterly results and performance, that includes (i) condensed consolidated and condensed standalone financial statements for the quarter ended December 31, 2024, and (ii) an earnings presentation covering Q3 FY25 results.

Nexus Select Trust will host a conference call on Tuesday, February 04, 2025 at 17:30 hours Indian Standard Time to discuss the Q3 FY25 results.