Nexus Select Q1 FY25 results (Apr–Jun 2024) and concall

Nexus Select Trust delivered a resilient Q1 FY25 with 8% retail NOI growth and stable distributions despite temporary consumption headwinds from heatwaves and elections. Management introduced a bold five-year growth roadmap ('Nexus 2.0') targeting a 16% NOI CAGR through a mix of organic improvements and aggressive acquisitions. With a healthy leasing spread of 18% and a robust acquisition pipeline of 1.8 million sq ft, the Trust remains well-positioned to capitalize on India's long-term consumption story.