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Dexus Industria REIT
(Sydney:DXI)
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Rating:67Neutral
Price Target:
AU$2.50
▲(2.88% Upside)
Action:Downgraded
Date:08/17/26
Overall score reflects solid underlying fundamentals (controlled leverage and consistently positive operating/free cash flow) and an attractive income/valuation profile (low P/E and ~7% yield), partially offset by weak technical conditions (below major moving averages with negative MACD and soft RSI) and historically volatile reported profitability.
Positive Factors
Reasonable Leverage
Moderate leverage and a substantial equity base provide financial resilience for an industrial REIT, helping DXI absorb property-value or funding volatility while retaining capacity to manage and maintain its portfolio.
Negative Factors
Weak Revenue Growth Trend
The negative reported revenue-growth measure indicates that top-line expansion has not been dependable. Sustained weak growth could limit rental-income progression and make distributions more reliant on portfolio actions or favorable lease outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Reasonable Leverage
Moderate leverage and a substantial equity base provide financial resilience for an industrial REIT, helping DXI absorb property-value or funding volatility while retaining capacity to manage and maintain its portfolio.
Read all positive factors
Dexus Industria REIT (DXI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$737.47M
Dividend Yield7.09%
Average Volume (3M)823.07K
Price to Earnings (P/E)9.8
Beta (1Y)0.48
Revenue Growth-12.18%
EPS Growth-11.49%
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.24
Shares Outstanding312,485,840
10 Day Avg. Volume716,115
30 Day Avg. Volume823,074
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)0.71
Price to Sales (P/S)11.67
P/FCF Ratio24.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.80Price Target Upside15.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.17
Revenue Forecast (FY)AU$94.74M
Dexus Industria REIT Business Overview & Revenue Model
Company Description
Dexus Industria REIT, a prominent Australian listed real estate investment trust previously known as APN Industria REIT, specializes in a portfolio of office and industrial properties. These assets are strategically designed to offer functional an...
How the Company Makes Money
DXI primarily makes money by earning rental income from leasing its industrial properties to tenants under commercial lease agreements. This rental revenue typically includes base rent and may also include contractual rent escalations (e.g., fixed...
Dexus Industria REIT Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 65.95M | 75.17M | 74.46M | 79.79M | 79.99M |
| Gross Profit | 47.60M | 55.35M | 55.27M | 59.22M | 59.15M |
| EBITDA | 91.64M | 97.34M | 54.90M | 13.25M | 180.81M |
| Net Income | 74.42M | 53.08M | -3.44M | -6.41M | 154.83M |
Balance Sheet | |||||
| Total Assets | 1.49B | 1.46B | 1.38B | 1.56B | 1.72B |
| Cash, Cash Equivalents and Short-Term Investments | 4.66M | 4.02M | 5.26M | 6.44M | 11.25M |
| Total Debt | 377.74M | 354.64M | 302.81M | 414.41M | 514.10M |
| Total Liabilities | 410.07M | 390.40M | 340.46M | 460.67M | 562.22M |
| Stockholders Equity | 1.08B | 1.07B | 1.04B | 1.10B | 1.15B |
Cash Flow | |||||
| Free Cash Flow | 31.58M | 50.63M | 50.60M | 55.09M | 27.60M |
| Operating Cash Flow | 45.92M | 50.63M | 58.88M | 61.94M | 46.18M |
| Investing Cash Flow | -2.22M | -46.49M | 106.07M | 92.87M | -474.00M |
| Financing Cash Flow | -42.46M | -5.20M | -165.97M | -154.88M | 427.63M |
Dexus Industria REIT Technical Analysis
Negative
2.43
Price Trends
2.43
Negative
2.40
Negative
2.46
Negative
Market Momentum
-0.02
Positive
35.95
Neutral
15.56
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 2.43 is above the 20-day moving average (MA) of 2.43, below the 50-day MA of 2.43, and below the 200-day MA of 2.46, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.95 is Neutral, neither overbought nor oversold. The STOCH value of 15.56 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.58B | 8.01 | 21.02% | 6.30% | -0.79% | 54.01% | |
69 Neutral | AU$2.94B | 6.80 | 11.25% | 4.87% | 2.96% | 50.62% | |
67 Neutral | AU$737.47M | 9.78 | 7.93% | 6.83% | -12.18% | -11.49% | |
67 Neutral | AU$1.87B | 11.50 | 6.45% | 4.85% | 6.35% | 22.57% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | AU$62.30B | 34.89 | 7.19% | 1.05% | 1.76% | 73.69% | |
56 Neutral | AU$1.60B | 17.73 | 1.57% | 8.60% | -0.03% | ― |
* Real Estate Sector Average
AU:DXI
Dexus Industria REIT
2.34
-0.32
-12.13%
AU:GMG
Goodman Group
29.22
-6.58
-18.38%
AU:WPR
Waypoint REIT Ltd.
2.39
-0.06
-2.45%
AU:GOZ
Growthpoint Properties Australia
2.10
-0.13
-5.79%
AU:BWP
BWP Trust
3.80
0.36
10.30%
AU:CIP
Centuria Industrial REIT
3.00
-0.22
-6.72%
Dexus Industria REIT Corporate Events
Dexus Industria REIT Updates Market on Progress of On-Market Buy-Back
Aug 17, 2026
Dexus Industria REIT has provided an updated notification to the ASX regarding its ongoing on-market buy-back of fully paid stapled securities. The trust reported that it had repurchased a total of 5,120,956 securities prior to the previous tradin...
Dexus Industria REIT details ongoing on‑market security buy‑back
Aug 13, 2026
Dexus Industria REIT, an Australian industrial property-focused real estate investment trust trading under the ASX code DXI, continues to manage its stapled securities structure comprising fully paid ordinary units. The vehicle provides investors ...
Dexus Industria REIT Files Corporate Governance Statement and ASX Appendix 4G
Aug 11, 2026
Dexus Industria REIT has lodged its corporate governance statement for the financial year ended 30 June 2026, confirming that it is available on the REIT’s website rather than embedded in the annual report. The statement has been approved by...
Dexus Industria REIT Issues 2026 Annual Report on $1.5bn Industrial Portfolio
Aug 11, 2026
Dexus Industria REIT has released its 2026 Annual Report, with hard copies scheduled to be mailed to investors who have opted in for physical distribution in September 2026. The report provides an update on the performance and positioning of the $...
Dexus Industria REIT publishes 2026 annual results and property data
Aug 11, 2026
Dexus Industria REIT has released its 2026 annual results presentation, offering investors detailed insights into the performance of its $1.5 billion portfolio of industrial warehouse assets. The materials are accompanied by a property synopsis wo...
Dexus Industria REIT beats guidance as leasing strength, developments and buy-back lift value
Aug 11, 2026
Dexus Industria REIT reported full-year Funds From Operations of 17.6 cents per security, slightly above upgraded guidance, with distributions of 16.6 cents in line with expectations and statutory net profit of $74.4 million reflecting lower valua...
Dexus Industria REIT Confirms Final Details for June Quarter Distribution
Aug 11, 2026
Dexus Industria REIT has updated its previously announced quarterly distribution details for holders of its fully paid stapled securities. The distribution relates to the quarter ending 30 June 2026, with the record date also set at 30 June 2026, ...
Dexus Industria REIT Lifts Distributions Amid Softer Earnings and Higher Gearing
Aug 11, 2026
Dexus Industria REIT reported a softer financial performance for the year to 30 June 2026, with revenue from ordinary activities down 7.8% to $65.6 million and net profit after tax falling 11.6% to $74.4 million. Funds From Operations slipped 3.7%...
Dexus Industria REIT Cancels 2.2 Million Units After On‑Market Buy‑Back
Jul 1, 2026
Dexus Industria REIT has cancelled 2,220,030 fully paid stapled securities following an on‑market buy‑back completed on June 30, 2026. The reduction in issued capital may enhance earnings per security and capital efficiency for remaini...
State Street Group Ceases to Be Substantial Holder in Dexus Industria REIT
Jun 29, 2026
State Street Corporation and several of its global asset management subsidiaries have filed a notice that they have ceased to be substantial holders in Dexus Industria REIT as of 25 June 2026. The change reflects a reduction in their relevant voti...
Dexus Industria REIT Reports Ongoing On-Market Buy-Back Activity
Jun 28, 2026
Dexus Industria REIT has updated the market on its ongoing on-market buy-back program for its fully paid stapled securities listed under code DXI. The latest notification reports that the trust had repurchased a cumulative 4,714,660 securities pri...
Dexus Industria REIT Updates Market on Ongoing On‑Market Buy‑Back
Jun 25, 2026
Dexus Industria REIT has provided an updated notification to the ASX on the progress of its on-market buy-back of fully paid stapled securities. The trust reported that it had repurchased a cumulative total of 4,592,435 securities prior to the lat...
Dexus Industria REIT Updates Investors on Ongoing On-Market Buy-Back
Jun 24, 2026
Dexus Industria REIT has provided an updated notification of its on-market buy-back program for its fully paid ordinary stapled securities. The trust reported that a total of 4,525,695 securities had been repurchased prior to the latest trading da...
Dexus Industria REIT Continues On-Market Buy-Back of Stapled Securities
Jun 22, 2026
Dexus Industria REIT has provided an updated notification to the ASX on its ongoing on-market buy-back of fully paid stapled securities, coded DXI. The trust reported that it had repurchased a cumulative 4,293,245 securities prior to the latest se...
Dexus Industria REIT Updates Market on Progress of On‑Market Buy-Back
Jun 21, 2026
Dexus Industria REIT has issued an updated notification to the ASX regarding its ongoing on-market buy-back of fully paid ordinary stapled securities under the code DXI. The latest filing, dated 22 June 2026, confirms the program’s continuat...
Dexus Industria REIT Announces Quarterly Distribution for June 2026
Jun 18, 2026
Dexus Industria REIT has declared a quarterly distribution of A$0.0415 per fully paid stapled security for the period ending 30 June 2026, maintaining its pattern of regular income payments to investors. The units will trade ex‑distribution ...
Dexus Industria REIT Updates Market on Ongoing On-Market Buy-Back
Jun 16, 2026
Dexus Industria REIT has provided an updated daily notification on its ongoing on-market buy-back of fully paid ordinary stapled securities traded under the ASX code DXI. The trust operates as a real estate investment vehicle holding industrial an...
Dexus Industria REIT continues daily on-market security buy-backs
Jun 9, 2026
Dexus Industria REIT has reported ongoing on-market buy-backs of its fully paid ordinary stapled securities, identified on the ASX as DXI. The trust disclosed that it had repurchased a cumulative 3,226,553 securities prior to the latest session an...
Dexus Industria REIT Reports Ongoing Daily On-Market Buy-Back of DXI Securities
Jun 8, 2026
Dexus Industria REIT, an Australian-listed industrial property trust trading under the code DXI, offers investors exposure to a portfolio of industrial real estate via fully paid ordinary stapled securities. The vehicle aggregates several register...
Dexus Industria REIT appoints new director with no current security interests
Jun 3, 2026
Dexus Industria REIT has appointed Michael Grahame Sheffield as a director effective 29 May 2026, expanding the governance team overseeing its stapled industrial property vehicle. The filing notes that Sheffield holds no relevant interests in the ...
Dexus Industria REIT Updates Market on Director Departure and Interests
Jun 3, 2026
Dexus Industria REIT has announced that director Melanie Jane Bourke ceased to be a director of the stapled group on 29 May 2026, with the notice lodged under ASX listing rule requirements. The company disclosed that Bourke held no relevant intere...
Dexus Industria REIT updates market on ongoing security buy-back
May 31, 2026
Dexus Industria REIT has provided an updated notice to the ASX regarding its ongoing on-market buy-back of fully paid stapled securities trading under the code DXI. The trust reported that it had repurchased a cumulative 2,693,527 securities prior...
Dexus Industria REIT Cancels 1.28 Million Units in On-Market Buy-Back
May 31, 2026
Dexus Industria REIT has cancelled 1,283,557 fully paid stapled securities as part of an on-market buy-back completed on 29 May 2026. The reduction in issued capital may enhance per-security metrics for remaining investors and signals ongoing capi...
Dexus Industria REIT Updates Market on Progress of On-Market Buy-Back
May 28, 2026
Dexus Industria REIT has provided an updated notification to the ASX on its ongoing on-market buy-back of fully paid stapled securities under code DXI. The trust reported that it had repurchased a total of 2,564,029 securities before the previous ...
Dexus Industria REIT Reports Ongoing Daily On‑Market Buy‑Back
May 26, 2026
Dexus Industria REIT has reported an on-market buy-back of its fully paid ordinary stapled securities, continuing a previously announced capital management program first notified in March 2026. The REIT disclosed that it had repurchased a cumulati...
Dexus Industria REIT reshapes board as executive director steps down
May 26, 2026
Dexus Industria REIT, a listed Australian real estate investment trust, primarily invests in high-quality industrial warehouses across the country’s major cities, aiming to deliver sustainable income and long-term capital growth to its secur...
Dexus Industria REIT Continues On-Market Securities Buy-Back
May 26, 2026
Dexus Industria REIT, an ASX-listed industrial property trust trading under ticker DXI, invests in a portfolio of industrial and associated assets for income-focused unitholders. The stapled structure comprises fully paid ordinary units in several...
Dexus Industria REIT Reports Ongoing On‑Market Buy‑Back Activity
May 21, 2026
Dexus Industria REIT has issued an updated notification to the ASX detailing the progress of its on‑market buy‑back of fully paid stapled securities. As of 21 May 2026, the trust reported that it had repurchased a total of 1,992,024 se...
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.