Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Dexus Industria REIT ( (AU:DXI) ) just unveiled an announcement.
Dexus Industria REIT has announced the divestment of its final business park assets at Brisbane Technology Park for $155.5 million, marking a significant shift towards a focused industrial property REIT. This strategic move, structured in two transactions, is expected to enhance DXI’s portfolio metrics, reduce gearing, and align with its long-term strategy to drive growth through reinvestment in industrial assets. The divestment is anticipated to be initially dilutive to Funds from Operations but is expected to be broadly neutral after accounting for capital expenditure. The transactions will position DXI to capitalize on growth-oriented industrial opportunities, such as the recent Glendenning acquisition.
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 an Australian real estate investment trust focused on high-quality industrial warehouses. As of December 2024, its investment property portfolio is valued at $1.4 billion, located across major Australian cities, offering sustainable income and capital growth prospects. The trust is managed by Dexus, a leading Australasian real asset group with extensive expertise in real estate and infrastructure investment.
Average Trading Volume: 1,013,149
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$888.4M
See more data about DXI stock on TipRanks’ Stock Analysis page.