- May 3, 2023
- Posted by: Umesh Paliwal
- Category: Blog
Nexus REIT is a real estate investment trust that focuses on acquiring and managing a diversified portfolio of income-producing properties. The company’s portfolio includes malls, hotels, office spaces, and a solar park. Let’s take a closer look at each of these assets.
The company currently owns 17 malls with a total area of 9.18 million square feet. The malls have a high occupancy rate of 96.20% and a weighted average lease expiry (WALE) of 5.6 years. This indicates that Nexus REIT has been successful in attracting and retaining tenants, which should translate into a stable and predictable income stream for the company.
In addition to malls, Nexus REIT also owns two hotels with a total of 354 rooms. While the market value of these properties is not disclosed, the company likely acquired them at a favorable price given the challenges faced by the hospitality industry during the COVID-19 pandemic. As travel restrictions ease and demand for travel picks up, these hotels could provide a significant boost to Nexus REIT’s earnings.
Nexus REIT also owns three office spaces with a total area of 1.26 million square feet. These properties are located in prime business districts and have a combined market value of $1.43 billion. The company has been successful in leasing out these spaces to high-quality tenants, which should provide a stable source of rental income for the foreseeable future.
Finally, Nexus REIT owns a 15 MW solar park, which generates electricity from renewable sources. This asset provides a steady stream of revenue from long-term power purchase agreements, and also contributes to the company’s sustainability goals.
Overall, Nexus REIT’s portfolio is well-diversified across different asset classes and geographies. The company’s focus on high-quality properties with long-term lease agreements and strong occupancy rates should provide a stable and growing income stream for investors.
|Portfolio||Number||Total Area||Market Value (cr)|
|Office Space||3||1.26 msf||1432|
|Solar park||1||15 MW||241|