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Dexus Convenience Retail REIT ( (AU:DXC) ) has provided an update.
Dexus Convenience Retail REIT reported a slight increase in revenue and a significant turnaround in net profit for the period ending December 2024, compared to the previous year. Despite a decrease in total assets and borrowings, the market capitalization rose by 13.1%, reflecting positive investor sentiment. The fund maintains a stable distribution to security holders and continues to demonstrate financial resilience despite minor declines in some financial metrics.
More about Dexus Convenience Retail REIT
Dexus Convenience Retail REIT is an Australian real estate investment trust that specializes in owning high-quality service stations and convenience retail assets. Predominantly located on Australia’s eastern seaboard, the portfolio is valued at approximately $709 million and leased to leading convenience retail tenants. The fund focuses on sustainable income security with a conservative capital management strategy, and it is managed by Dexus, a prominent real asset group in Australia.
YTD Price Performance: -2.72%
Average Trading Volume: 137,659
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$394M
For an in-depth examination of DXC stock, go to TipRanks’ Stock Analysis page.
