Charter Hall Limited Acquires Substantial Stake in Dexus Convenience Retail REIT

Dexus Convenience Retail REIT ( (AU:DXC) ) has provided an update.

Dexus Convenience Retail REIT has announced that Charter Hall Limited has become a substantial holder in the company, acquiring a 5.29% voting power through 7,281,942 ordinary shares. This acquisition, although reported late due to an administrative oversight, signifies a notable investment in the company, potentially impacting its market dynamics and stakeholder interests.

More about Dexus Convenience Retail REIT

Dexus Convenience Retail REIT is a real estate investment trust focused on owning and managing convenience retail properties across Australia. The company specializes in acquiring and developing retail properties that cater to everyday consumer needs, positioning itself as a key player in the convenience retail sector.

YTD Price Performance: -0.35%

Average Trading Volume: 130,319

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$385.7M

For an in-depth examination of DXC stock, go to TipRanks’ Stock Analysis page.