Nexus Select Trust REIT News and Updates

Name: Latest research reports of Nexus Select Trust REIT authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Nexus Select Trust REIT
Rating: 4
Author: ICICI Securities Limited

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Nexus Select Trust REIT

11 Jan 2024

145.37

0.13%

Nexus Select Trust to buy 3 malls in Hyderabad from L&T for $300-350 million

Business Line

Nexus has signed a deal for three of the malls with a total area of 1 msf and a leased occupancy of 84 per cent

Nexus Select Trust REIT is trading above all available SMAs

Nexus Select Trust REIT

07 Jan 2024

145.37

0.13%

Blackstone-backed Nexus Select Trust circles R City Mall in Mumbai

Business Line

R City, which has been operational for around 13 years, is spread over 1.2 million square feet of retail space and has grown over the years

Nexus Select Trust R.. has an average target of 161.00 from 1 broker.

Nexus Select Trust REIT

09 Nov 2023

145.37

0.13%

Consumption surge continues across assets

accumulate: Nexus Select Trust REIT

Recommendation Target

ICICI Securities Limited

Nexus REIT clocked 18% LTL (like-to-like) consumption growth across its urban consumption centres (malls) in Q2FY24 (similar growth achieved in Q1FY24) with footfalls up 14% YoY and balance growth from high spend per customer. This resulted in Q2FY24 NOI of INR3.5bn which grew 17% YoY.

Nexus Select Trust R.. has an average target of 161.00 from 1 broker.

Nexus Select Trust REIT

13 Aug 2023

145.37

0.13%

Consumption surges across assets

Buy: Nexus Select Trust REIT

Target

ICICI Securities Limited

Nexus REIT clocked 18% LTL (like-to-like) consumption growth across its urban consumption centres (malls) in Q1FY24 with footfalls up 10% YoY and balance growth from high spend per customer. We expect Nexus’ NOI CAGR of 10.4% over FY23-26E to INR18.8bn on expected ramp-up in occupancies in existing assets, annual rental escalations and mark-up of leases that are expiring.

Nexus Select Trust R.. has an average target of 161.00 from 1 broker.

Nexus Select Trust REIT

13 Jun 2023

145.37

0.13%

Yield play on Indian consumption story

Buy: Nexus Select Trust REIT

ICICI Securities Limited

We initiate coverage on Nexus Select Trust (Nexus) REIT with BUY rating based on Mar’24E DCF-based target price of Rs126/share. As of Dec 31, ’22, Nexus owns and operates 17 Grade A urban consumption centres or retail malls with total leasable area of 9.2msf, two complementary hotel assets (354 keys) and three office assets (1.3msf).

Nexus Select Trust REIT is trading above all available SMAs

Nexus Select Trust REIT

09 May 2023

145.37

0.13%

IPO Note -Nexus Select Trust REIT 09052023

IPO Note: Nexus Select Trust REIT

HDFC Securities

Issue Snapshot: Issue Open: May 09 May 11, 2023 Price Band: Rs. 95 100 Issue Size: 3200 cr (Fresh Issue of Rs. 1,400 cr and Offer for Sale of Rs. 1,800 cr) Reservation for: Institutional Investors: up to 75% of the net offer Non-Institutional: at least 25% of the net offer Face Value: NA Bid Size: 150 units and in multiples thereof 100% Book built Issue IPO Note -Nexus Select Trust REIT 09052023

Nexus Select Trust REIT is trading above all available SMAs

Nexus Select Trust REIT

08 May 2023

145.37

0.13%

NEXUS SELECT TRUST

IPO Note: Nexus Select Trust REIT

Ventura

IPO note

Nexus Select Trust R.. has an average target of 161.00 from 1 broker.

Nexus Select Trust REIT

08 May 2023

145.37

0.13%

Nexus Select Trust REIT

IPO Note: Nexus Select Trust REIT

IIFL Securities

The Offer comprises of a fresh issue and an Offer for Sale. The fresh issue is of ?14,000 million out of which ?2,500 million would be used for partial or full repayment or prepayment and redemption of certain financial loans of the Asset SPVs and the Investment Entity; ?12,500 million would be used for acquisition of stake and redemption of debt securities in certain Asset SPVs; and the balance would be used for General corporate purposes.

Nexus Select Trust REIT is trading above all available SMAs

Nexus Select Trust REIT

08 May 2023

145.37

0.13%

IPO Note

IPO Subscribe: Nexus Select Trust REIT

BP Wealth

Nexus Select Trust’s portfolio is located in India, the fifth-largest economy in terms of nominal gross domestic product (GDP), the third-largest economy in terms of purchasing power parity (PPP), and the second-most populous country in the world as of June 30, 2022.

Nexus Select Trust REIT is trading above all available SMAs

Nexus Select Trust REIT

08 May 2023

145.37

0.13%

Nexus Select Trust REIT

IPO Note: Nexus Select Trust REIT

Axis Capital

Nexus Select Trust REIT (“Nexus REIT”) is the owner of India’s leading consumption center platform of high-quality assets that serve as essential consumption infrastructure for India’s growing middle class.