Dexus Convenience Retail REIT lifts profit and distributions despite lower revenue

An announcement from Dexus Convenience Retail REIT ( (AU:DXC) ) is now available.

Dexus Convenience Retail REIT reported a 5.9% decline in revenue from ordinary activities to $27.4 million for the half year to 31 December 2025, yet net profit attributable to security holders jumped 143.8% to $35.8 million, driven by non‑operating factors. Funds From Operations rose 1.3% to $14.5 million, with FFO per security up to 10.52 cents and a payout ratio of 99.3%, underscoring the trust’s focus on maintaining stable, high distributions.

The REIT increased total assets by 7% to $771.6 million and net tangible assets per security by 6.4% to $3.80, while total borrowings grew 11.4%, keeping gearing within its conservative target range. Despite a 4.4% fall in market capitalisation and security price over the year, the trust lifted distributions per security by 1.7%, reinforcing its income‑oriented positioning for investors in service station and convenience retail property.

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 (ASX: DXC) is a listed Australian real estate investment trust focused on owning high-quality service stations and convenience retail assets. Its roughly $760 million portfolio is predominantly located on Australia’s eastern seaboard, leased to leading domestic and international tenants on long-term leases with annual rent increases, and managed under a conservative gearing strategy by Dexus, a major Australasian real asset group.

Average Trading Volume: 130,140

Technical Sentiment Signal: Sell

Current Market Cap: A$363.7M

For detailed information about DXC stock, go to TipRanks’ Stock Analysis page.