Dexus Industria REIT (DXI) AI Stock Analysis

• Market Cap: AU$894.70M
• Dividend Yield: 5.99%
• Average Volume (3M): 661.58K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.66
• Revenue Growth: -8.67%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 49
• Industry: REIT - Industrial
• EPS (TTM): 0.10
• Shares Outstanding: 317,269,900
• 10 Day Avg. Volume: 616,548
• 30 Day Avg. Volume: 661,582
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.08
• Price Target Upside: 12.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: AU$3.00 ▲(9.49% Upside)

Dexus Industria REIT's strong financial performance and attractive valuation are key strengths, with solid profitability and a high dividend yield. However, the bearish technical indicators and significant revenue decline are concerns that weigh on the overall score.

Dexus Industria REIT Business Overview & Revenue Model

Company Description

APN Industria REIT ('Industria) (ASX code: ADI) is a listed Australian real estate investment trust which owns interests in office and industrial properties that provide functional and affordable workspaces for business. Industria's $824 million portfolio of 32 properties located across the major Australian cities provides sustainable income and capital growth prospects for security holders over the long term. Industria has a target gearing band of 30 – 40%, providing flexibility for future growth without compromising the low-risk approach to management. Industria is managed by APN Property Group, a specialist real estate investment manager established in 1996, and governed by a majority independent Board.

How the Company Makes Money

Dexus Industria REIT generates revenue primarily through rental income from its portfolio of industrial properties. The company leases space to various tenants, including logistics, manufacturing, and distribution businesses, under long-term lease agreements. Additionally, the company may engage in property development and redevelopment projects to enhance the value of its portfolio, which can lead to increased rental income and potential capital gains. Strategic partnerships with other real estate entities and joint ventures may also contribute to earnings by expanding its reach and investment opportunities in the industrial real estate sector.

Dexus Industria REIT Financial Statement Overview

Summary

Dexus Industria REIT demonstrates solid profitability and cash flow generation, with a strong gross profit margin and improved net profit margin. The balance sheet is stable with low leverage, and cash flow metrics indicate effective cash management. However, the significant decline in revenue growth is a concern that needs to be addressed to sustain long-term growth.

Income Statement

Dexus Industria REIT shows a strong gross profit margin of over 73%, indicating efficient cost management. However, the revenue growth rate has been negative, with a significant decline of 32.7% in the latest year, which is a concern. The net profit margin has improved significantly from a negative position to over 70%, reflecting a turnaround in profitability. Despite this, the EBIT and EBITDA margins are unusually high, suggesting potential non-recurring items or accounting adjustments.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.33, indicating a conservative leverage position. The return on equity has improved but remains modest at 4.96%. The equity ratio is strong, suggesting a solid capital structure with a good proportion of equity financing. Overall, the balance sheet reflects financial stability with manageable debt levels.

Cash Flow

Operating cash flow is robust, with a coverage ratio of 1.74, indicating strong cash generation relative to net income. Free cash flow has grown by 11.1%, showing positive cash flow dynamics. The free cash flow to net income ratio is 1.0, suggesting that the company is effectively converting its earnings into cash. Overall, the cash flow position is strong, supporting the company's operational and financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	75.17M	75.17M	74.46M	79.79M	79.99M	67.39M
Gross Profit	55.35M	55.35M	55.27M	59.22M	59.15M	49.48M
EBITDA	23.49M	97.34M	54.90M	13.25M	180.81M	129.16M
Net Income	62.30M	53.08M	-3.44M	-6.41M	154.83M	106.21M
Balance Sheet
Total Assets	1.46B	1.46B	1.38B	1.56B	1.72B	1.11B
Cash, Cash Equivalents and Short-Term Investments	4.02M	4.02M	5.26M	6.44M	11.25M	19.60M
Total Debt	354.64M	354.64M	302.81M	414.41M	514.10M	381.46M
Total Liabilities	390.40M	390.40M	340.46M	460.67M	562.22M	418.14M
Stockholders Equity	1.07B	1.07B	1.04B	1.10B	1.15B	695.42M
Cash Flow
Free Cash Flow	43.07M	50.63M	50.60M	55.09M	27.60M	45.84M
Operating Cash Flow	50.63M	50.63M	58.88M	61.94M	46.18M	45.84M
Investing Cash Flow	-46.49M	-46.49M	106.07M	92.87M	-474.00M	-162.75M
Financing Cash Flow	-5.20M	-5.20M	-165.97M	-154.88M	427.63M	119.04M

Dexus Industria REIT Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.74
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXI, the sentiment is Negative. The current price of 2.74 is below the 20-day moving average (MA) of 2.85, below the 50-day MA of 2.79, and above the 200-day MA of 2.67, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.91 is Neutral, neither overbought nor oversold. The STOCH value of 16.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DXI.

Dexus Industria REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EGH	71 Outperform	AU$220.57M	9.83	10.17%	2.83%	11.30%	18.93%
CIP	70 Outperform	AU$2.13B	15.94	5.38%	4.88%	4.39%	176.52%
DXI	66 Neutral	AU$894.70M	10.55	7.99%	5.99%	-8.67%	―
NSR	64 Neutral	AU$3.41B	14.13	6.61%	4.66%	10.59%	0.77%
Sector *	63 Neutral	$6.95B	13.72	-0.50%	6.99%	4.08%	-25.24%
ABG	57 Neutral	AU$1.09B	40.53	1.70%	7.05%	4.69%	―
CMW	56 Neutral	AU$1.20B	―	-9.33%	6.67%	-5.64%	89.16%

Dexus Industria REIT Corporate Events

$40 Million Acquisition Boosts Dexus Industria REIT’s Sydney Presence

Dexus Industria REIT has acquired a 10,000 sqm warehouse in Glendenning, New South Wales, for $40 million, enhancing its exposure to the Sydney industrial infill market. This strategic acquisition aligns with DXI’s focus on transforming into a specialized industrial REIT by investing in high-demand areas and divesting non-core office assets, aiming to deliver long-term value for investors.

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.

Dexus Industria REIT Reports Portfolio Valuation Uplift Amidst Stable Market Conditions

Dexus Industria REIT announced a net valuation uplift of approximately $8.9 million for its portfolio of 96 assets as of June 2025, marking a 0.6% increase in book values. This stability in valuations is attributed to a robust industrial leasing market and moderated capitalisation rate growth, reinforcing confidence in the asset values and supporting the company’s strong market position.

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.

Vanguard Group Increases Stake in Dexus Industria REIT

Dexus Industria REIT has announced a change in the interests of a substantial holder, Vanguard Group, which now holds a 7.407% voting power in the company, up from 6.053%. This increase in voting power signifies a stronger influence by Vanguard Group in the company’s decision-making process, potentially impacting future strategic directions and stakeholder interests.

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.

Dexus Industria REIT Announces New Dividend Distribution

Dexus Industria REIT has announced a new dividend distribution of AUD 0.041 per unit for its fully paid ordinary units stapled securities. The distribution relates to the financial period ending on June 30, 2025, with the payment scheduled for August 21, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may influence its market positioning by demonstrating financial stability and potential for growth.

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.

Dexus Industria REIT Finalizes Dividend Distribution Details

Dexus Industria REIT has updated its previous announcement to provide the final distribution rate details for its dividend related to the quarter ending on March 31, 2025. This update, announced on May 15, 2025, is significant for stakeholders as it finalizes the financial details impacting investor returns and aligns with the company’s commitment to transparency in its financial operations.

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.