Brief Summary of Nexus REIT IPO opening on 9th May 2023

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)
Malls 17 9.18 msf 21146
Hotel 2 354 rooms 379
Office Space 3 1.26 msf 1432
Solar park 1 15 MW 241

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