New Delhi, May 13 (PTI) Nexus Select Trust, a Real Estate Investment Trust (REIT) backed by retail properties, on Tuesday reported 7 per cent increase in net operating income to Rs 446.9 crore for the latest quarter ended March.

According to a regulatory filing, the company declared distribution of Rs 303 crore or Rs 2 per unit to unitholders for the fourth quarter of 2024-25 fiscal.

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The cumulative distribution of unitholders for the full fiscal is Rs 1,265 crore.

Nexus Select Trust is India's first publicly listed retail REIT.

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Its portfolio comprises 19 shopping malls with a gross leasable area of 10.6 million square feet spread across 15 cities in India, three hotel assets (450 keys) and three office assets with a gross leasable area of 1.3 million square feet.

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