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Dexus Industria REIT ( (AU:DXI) ) has issued an announcement.
Dexus Industria REIT has acquired a 10,000 sqm warehouse in Glendenning, New South Wales, for $40 million, enhancing its exposure to the Sydney industrial infill market. This strategic acquisition aligns with DXI’s focus on transforming into a specialized industrial REIT by investing in high-demand areas and divesting non-core office assets, aiming to deliver long-term value for investors.
The most recent analyst rating on (AU:DXI) stock is a Buy with a A$3.32 price target. To see the full list of analyst forecasts on Dexus Industria REIT stock, see the AU:DXI Stock Forecast page.
More about Dexus Industria REIT
Dexus Industria REIT (DXI) is a listed Australian real estate investment trust primarily focused on high-quality industrial warehouses. As of December 2024, its investment property portfolio is valued at $1.4 billion, spread across major Australian cities, offering sustainable income and capital growth for security holders. The fund is managed by Dexus, a leading Australasian real asset group with extensive expertise in real estate and infrastructure investment.
Average Trading Volume: 1,009,337
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$863M
For detailed information about DXI stock, go to TipRanks’ Stock Analysis page.