Dexus Industria REIT (AU:DXI) has released an update.
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Dexus Industria REIT has reported a successful financial year with a 1.7% increase in Funds From Operations per security, achieving 17.4 cents against its initial 17.1 cents forecast, and a distribution of 16.4 cents per security. Despite a statutory net loss of $11.8 million, driven by net fair value losses on investment properties, the company has seen substantial rental growth and has maintained a strong balance sheet with low gearing of 27.3%. Their active management approach has led to a record occupancy rate at Brisbane Technology Park and strategic asset divestments to strengthen financial resilience.
For further insights into AU:DXI stock, check out TipRanks’ Stock Analysis page.