Dexus Industria REIT
ASX:DXI
Dexus Industria REIT
Dexus Industria REIT s an Australian real estate investment trust, which owns interests in a workspace focused portfolio of a number of established, industrial, technology park and business park assets located across Sydney, Melbourne, Brisbane and Adelaide. The company is headquartered in Melbourne, Victoria and currently employs 0 full-time employees. The company went IPO on 2013-12-03. The Company’s owns a portfolio of approximately 90 properties, which are located across the Australian cities.
Dexus Industria REIT s an Australian real estate investment trust, which owns interests in a workspace focused portfolio of a number of established, industrial, technology park and business park assets located across Sydney, Melbourne, Brisbane and Adelaide. The company is headquartered in Melbourne, Victoria and currently employs 0 full-time employees. The company went IPO on 2013-12-03. The Company’s owns a portfolio of approximately 90 properties, which are located across the Australian cities.
Guidance Upgrade: Dexus Industrial REIT (DXI) slightly raised its FY '26 funds from operations (FFO) guidance to $0.174 per security and distribution guidance to $0.166 per security, mainly due to strong pre-leasing at Glendenning and additional leasing at Moorebank.
Solid Portfolio Growth: Like-for-like income growth was 7.4% for the half, buoyed by high occupancy of 99.7%, embedded rental escalations, and successful leasing activity.
Active Capital Deployment: Proceeds from the BTP divestment have been fully redeployed into acquisitions in supply-constrained markets, including Glendenning, Dandenong South, and consolidating ownership at Moorebank.
Development Pipeline Progress: Over 24,000 sqm of completions at Jandakot were delivered, with yields on cost improving and the majority of future income already pre-leased.
Strong Balance Sheet: Look-through gearing remains low at 26.2%, even after recent acquisitions, and refinancing activities have secured lower margins with no maturities until FY '28.
Market Conditions Stabilizing: Cap rate expansion slowed, signaling stabilizing industrial market conditions, while management remains positive on future rental growth, especially in infill locations.
