Founded in 2013, Dexus Industria REIT is a listed Australian real estate investment trust primarily invested in quality industrial warehouses.
“Financial year 2024 guidance has been reiterated and portfolio metrics resilient with occupancy slightly higher vs June 2023.
“Asset sales during the first half of 2024 resulted in lower debt levels, which offset impacts from higher finance costs.
“The balance sheet remains solid with pro-forma look-through gearing 26.2%, ensuring there’s capacity to complete the $42 million committed development pipeline (returns +6%). “DXI also recently confirmed the appointment of Gordon Korkie as new Fund Manager, effective 1 February.
“We retain an Add rating with a $3.18 price target,” Raymond said.

Dexus Industria REIT (DXI)

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