Mindspace Business Parks REIT and Nexus Select Trust REIT have reported robust performance and chalked out ambitious growth strategies. Mindspace REIT has achieved an occupancy rate of ~94% across its 30 million sq ft completed portfolio, with 7–8 million sq ft under construction and a healthy 20% re-leasing spread.

The REIT maintains a conservative loan-to-value (LTV) ratio of 25–26%, well below its 35% comfort threshold.

Meanwhile, Nexus Select Trust REIT plans to expand its retail portfolio from 10.6 million sq ft across 19 malls to 18–20 million sq ft by FY30, with 30–35 malls in its pipeline.

The REIT has closed two acquisitions in the last six months and  expects two more by end-FY26, with a healthy pipeline for FY27–28. Funding needs of ₹5,000–6,000 crore over the next five to six years will be met through a blend of debt and equity, aided by softer rates.

Portfolio metrics remain strong with  98% occupancy, ~20% re-leasing spreads, contracted rent escalations of 15% every three years, and 9–10% annual rental income growth driven by revenue share and ~2% mark-to-market gains as leases roll over; Tier-II cities account for 45–50% of the portfolio and remain a key growth lever.

Both REITs are leveraging measured debt and equity strategies to fund growth while maintaining strong portfolio metrics.