Nexus Trust is a REIT (Real Estate Investment Trust) sponsored by Blackstone. It came out with an IPO in May 2023 at a price of Rs 100 which expanded its unit base to 151.5 cr units, Blackstone holds 43% of the total post IPO units, Select Group holds 25% and the balance 32% is held by the public.
Nexus owns retail and commercial real estate which it leases out to tenants. This rental income is adjusted to arrive at NDCF (net distributable cash flow) which is paid to unitholders as per SEBI guidelines.
