Nexus Select Trust Q1 results: Net operating income up 7% at Rs 412.7 cr

Quick Summary:

Nexus Select Trust, a listed REIT backed by retail real estate, on Tuesday reported 7 per cent increase in net operating income to Rs 412.7 crore for June quarter and announced plans to raise up to Rs 1,700 crore through issue of commercial papers and debentures.

In a regulatory filing, the company said it achieved retail Net Operating Income (NOI) of Rs 371.9 crore in April-June period of this fiscal, up 8 per cent from the year-ago period.

Nexus Select Trust declared distribution of Rs 325.3 crore or Rs 2.147 per unit for the first quarter of 2024-25.

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Category: BusinessFinance

Markets: India

Topics: Nexus select trust corporate earnings Nexus Select Trust Corporate earnings Q1FY25 Nexus select earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-07-30 @ 19:18:11 (5 hours ago)

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News Source URL: business-standard.com

Language: English

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