Dexus Industria REIT (AU:DXI)
ASX:DXI
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Dexus Industria REIT
(Sydney:DXI)
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Rating:70Outperform
Price Target:
AU$2.50
▼(-6.72% Downside)
Action:UpgradedDate:11/01/25
Dexus Industria REIT's strong financial performance, particularly in profitability and cash flow, is a key strength, although the decline in revenue growth is a concern. The stock's valuation is attractive, with a low P/E ratio and high dividend yield. Technical indicators suggest a stable outlook, supporting the overall positive assessment.
Positive Factors
Operating cash flow and FCF growth
Robust operating cash flow and rising free cash flow indicate the REIT converts rental earnings into cash reliably. This durable cash generation supports distributions, funds maintenance and selective capex, and provides flexibility for debt servicing or opportunistic acquisitions over the next several quarters.
Negative Factors
Material revenue decline
A large revenue drop materially weakens the top-line foundation for rental cash flows and distribution sustainability. If persistent, lower revenue pressures occupancy, rent-renegotiation leverage and may force greater reliance on asset sales or capital-management measures to maintain payout levels over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow and FCF growth
Robust operating cash flow and rising free cash flow indicate the REIT converts rental earnings into cash reliably. This durable cash generation supports distributions, funds maintenance and selective capex, and provides flexibility for debt servicing or opportunistic acquisitions over the next several quarters.
Read all positive factors
Dexus Industria REIT (DXI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$745.58M
Dividend Yield6.09%
Average Volume (3M)823.07K
Price to Earnings (P/E)4.9
Beta (1Y)0.46
Revenue Growth-8.67%
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.07
Shares Outstanding317,269,900
10 Day Avg. Volume716,115
30 Day Avg. Volume823,074
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.81
Price to Sales (P/S)11.48
P/FCF Ratio17.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.89Price Target Upside7.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.17
Revenue Forecast (FY)AU$90.35M
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 p...
How the Company Makes Money
DXI primarily makes money by earning rental income from leasing its industrial and logistics properties to tenants under commercial lease agreements. This rental revenue is supported by property management activities such as tenant retention, leas...
Dexus Industria REIT Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.03M | 75.17M | 74.46M | 79.79M | 79.99M | 67.39M |
| Gross Profit | 22.38M | 55.35M | 55.27M | 59.22M | 59.15M | 49.48M |
| EBITDA | 76.78M | 97.34M | 54.90M | 13.25M | 180.81M | 129.16M |
| Net Income | 73.83M | 53.08M | -3.44M | -6.41M | 154.83M | 106.21M |
Balance Sheet | ||||||
| Total Assets | 1.42B | 1.46B | 1.38B | 1.56B | 1.72B | 1.11B |
| Cash, Cash Equivalents and Short-Term Investments | 4.47M | 4.02M | 5.26M | 6.44M | 11.25M | 19.60M |
| Total Debt | 343.65M | 354.64M | 302.81M | 414.41M | 514.10M | 381.46M |
| Total Liabilities | 337.68M | 390.40M | 340.46M | 460.67M | 562.22M | 418.14M |
| Stockholders Equity | 1.09B | 1.07B | 1.04B | 1.10B | 1.15B | 695.42M |
Cash Flow | ||||||
| Free Cash Flow | 35.72M | 50.63M | 50.60M | 55.09M | 27.60M | 45.84M |
| Operating Cash Flow | 48.60M | 50.63M | 58.88M | 61.94M | 46.18M | 45.84M |
| Investing Cash Flow | 30.88M | -46.49M | 106.07M | 92.87M | -474.00M | -162.75M |
| Financing Cash Flow | -79.36M | -5.20M | -165.97M | -154.88M | 427.63M | 119.04M |
Dexus Industria REIT Technical Analysis
Negative
2.68
Price Trends
2.51
Negative
2.61
Negative
2.68
Negative
Market Momentum
-0.05
Positive
30.96
Neutral
24.36
Neutral
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 2.68 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.51, and below the 200-day MA of 2.68, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 30.96 is Neutral, neither overbought nor oversold. The STOCH value of 24.36 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$231.61M | 9.94 | 7.81% | 3.11% | 11.30% | 18.93% | |
70 Outperform | AU$745.58M | 4.92 | 6.84% | 6.09% | -8.67% | ― | |
70 Outperform | AU$1.85B | 7.50 | 5.63% | 4.85% | 4.39% | 176.52% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | AU$3.89B | 12.96 | 10.94% | 3.99% | 10.59% | 0.77% | |
57 Neutral | AU$911.53M | 5.68 | 1.70% | 7.11% | 4.69% | ― | |
54 Neutral | AU$1.05B | 3.08 | 7.18% | 6.12% | -5.64% | 89.16% |
* Real Estate Sector Average
AU:DXI
Dexus Industria REIT
2.35
-0.19
-7.48%
AU:EGH
Eureka Group Holdings Limited
0.54
0.04
6.93%
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Cromwell Property Group
0.40
0.05
13.31%
AU:CIP
Centuria Industrial REIT
2.96
0.15
5.34%
AU:NSR
National Storage REIT
2.77
0.67
31.90%
AU:ABG
Abacus Property Group
1.02
-0.04
-3.77%
Dexus Industria REIT Corporate Events
Dexus Industria REIT Declares Quarterly Distribution for March 2026
Mar 9, 2026
Dexus Industria REIT has declared a quarterly distribution of AUD 0.0415 per fully paid stapled security for the period ending 31 March 2026, reinforcing its strategy of providing regular income to investors from its industrial property portfolio....
Dexus Industria REIT Launches On‑Market Buy‑Back of Stapled Securities
Mar 8, 2026
Dexus Industria REIT has announced an on-market buy-back of its fully paid ordinary stapled securities trading under ASX code DXI. The notification, lodged on 9 March 2026, confirms the trust will repurchase units on market, signalling active capi...
Dexus Industria REIT Launches 2.5% On‑Market Securities Buy‑Back
Mar 8, 2026
Dexus Industria REIT has announced plans for an on‑market buy‑back targeting an initial 2.5% of its securities on issue. The fund’s manager said the buy‑back is attractive at current trading levels and is intended to enhanc...
Dexus Industria REIT Publishes 2026 Half-Year Results and Portfolio Details
Feb 10, 2026
Dexus Industria REIT has released its 2026 half-year results presentation, providing investors with updated financial and portfolio information on its $1.4 billion industrial property platform. The release is accompanied by a webcast investor call...
Dexus Industria REIT lifts guidance as industrial portfolio delivers income growth
Feb 10, 2026
Dexus Industria REIT reported a solid first-half FY26 performance, with funds from operations of 8.9 cents per security and a 1.5% uplift in net tangible assets to $3.39 driven by valuation gains, high occupancy of 99.7% and like-for-like income g...
Dexus Industria REIT Finalises Quarterly Distribution for December 2025 Period
Feb 10, 2026
Dexus Industria REIT has confirmed the final details of its quarterly distribution to holders of its fully paid ordinary stapled securities, covering the period ended 31 December 2025 with a record date matching the period end. The announcement up...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.