Dexus Convenience Retail REIT Lifts NTA and Expands Development Pipeline

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

Dexus Convenience Retail REIT reported a strong first half to 31 December 2025, confirming an interim distribution of 10.45 cents per security and reaffirming FY26 guidance for funds from operations and distributions. The trust maintained like-for-like income growth of 2.9%, near-full occupancy of 99.9% with a 7.6‑year weighted average lease expiry, and delivered a $19.8 million valuation uplift that lifted net tangible assets by 4.4% to $3.80 per security.

Management is redeploying capital into a growing fund-through development pipeline, including the Glass House Mountains Northbound project and two newly agreed metro and highway developments, to increase exposure to high-quality convenience retail. With gearing at 29.8% and no debt expiries until FY28, DXC has capacity to fund its developments, while its focus on sustainability, long WALE and strong tenant covenants positions it to deliver defensive, growing income and support valuation resilience for investors.

The most recent analyst rating on (AU:DXC) stock is a Buy with a A$3.45 price target. To see the full list of analyst forecasts on Dexus Convenience Retail REIT stock, see the AU:DXC Stock Forecast page.

More about Dexus Convenience Retail REIT

Dexus Convenience Retail REIT is an Australian listed real estate investment trust focused on fuel and convenience retail properties, primarily metro and highway service stations and associated convenience retail. Its portfolio is underpinned by long-term leases to major national and international tenants and targets resilient, defensive income from high-traffic convenience locations.

Average Trading Volume: 130,140

Technical Sentiment Signal: Sell

Current Market Cap: A$363.7M

For a thorough assessment of DXC stock, go to TipRanks’ Stock Analysis page.