Dexus Industria REIT (DXI) AI Stock Analysis

• Market Cap: AU$875.66M
• Dividend Yield: 5.94%
• Average Volume (3M): 1.25M
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.59
• Revenue Growth: -10.26%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.10
• Shares Outstanding: 317,269,900
• 10 Day Avg. Volume: 1,849,369
• 30 Day Avg. Volume: 1,253,204
• PEG Ratio: 1.23
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.86
• 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$2.80
• Price Target Upside: 2.94% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 2

• Rating: 64 Neutral
• Price Target: AU$3.00 ▲(10.29%Upside)

The overall stock score reflects strong financial performance characterized by robust revenue growth and solid cash flow generation. However, recent net losses and weak technical indicators weigh down the score. The valuation is reasonable, supported by a good dividend yield, making the stock attractive for income-focused investors. Future improvements in net profitability and market sentiment could enhance the stock's appeal.

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 industrial property portfolio. The company leases its properties to a variety of tenants, ensuring a stable and recurring income stream. Additionally, the REIT may engage in property development and redevelopment projects, which can provide capital appreciation and increased rental returns. Dexus Industria REIT's earnings are further supported by strategic partnerships and joint ventures that enhance its property offerings and tenant base. The company also benefits from property management fees and other ancillary income related to its real estate operations.

Dexus Industria REIT Financial Statement Overview

Summary

Dexus Industria REIT shows strong revenue growth and efficient cost management with healthy gross and EBIT margins. However, recent net losses challenge profitability, impacting return metrics. The balance sheet is robust with low leverage and strong equity, while cash flow generation supports operations effectively.

Income Statement

Dexus Industria REIT has shown a consistent increase in revenue over the years with a slight dip in net income recently. The gross profit margin has remained strong at around 76.7%, and the EBIT and EBITDA margins are impressive, both at approximately 66.8%. However, the negative net profit margin of -4.2% in the latest year indicates challenges in profitability, potentially due to high expenses or other financial pressures. Revenue growth has been positive, particularly with a 3.05% increase from 2023 to 2024.

Balance Sheet

The balance sheet reflects a stable financial position with a strong equity base, as evidenced by the equity ratio of 75.3%. The debt-to-equity ratio has improved to 0.29, indicating effective debt management. The return on equity has been negative recently due to net losses, although historically, it has been strong, suggesting potential for recovery. The company has managed to maintain a robust asset base, which supports its operational capabilities.

Cash Flow

Cash flows show positive trends with a steady operating cash flow and a significant free cash flow of 50.6 million. Although free cash flow growth is negative compared to the previous year, the operating cash flow to net income ratio is healthy at -17.14, highlighting strong cash generation ability relative to net income. Despite fluctuations in financing and investing cash flows, the company's ability to generate cash from operations remains a strength.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	111.70M	74.46M	79.79M	79.99M	67.39M	61.88M
Gross Profit	92.70M	55.27M	59.22M	59.15M	49.48M	44.57M
EBITDA	26.57M	54.90M	13.25M	180.81M	129.16M	62.88M
Net Income	22.64M	-3.44M	-6.41M	154.83M	106.21M	51.45M
Balance Sheet
Total Assets	1.43B	1.38B	1.56B	1.72B	1.11B	852.68M
Cash, Cash Equivalents and Short-Term Investments	4.35M	5.26M	6.44M	11.25M	19.60M	4.93M
Total Debt	328.21M	302.81M	414.41M	514.10M	381.46M	261.26M
Total Liabilities	366.57M	340.46M	460.67M	562.22M	418.14M	294.74M
Stockholders Equity	800.32M	1.04B	1.10B	1.15B	695.42M	557.94M
Cash Flow
Free Cash Flow	45.58M	50.60M	55.09M	27.60M	45.84M	38.50M
Operating Cash Flow	52.76M	58.88M	61.94M	46.18M	45.84M	38.50M
Investing Cash Flow	7.66M	106.07M	92.87M	-474.00M	-162.75M	-66.33M
Financing Cash Flow	-61.15M	-165.97M	-154.88M	427.63M	119.04M	30.32M

Dexus Industria REIT Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.72
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2.72 is below the 20-day moving average (MA) of 2.81, below the 50-day MA of 2.74, and above the 200-day MA of 2.63, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.11 is Neutral, neither overbought nor oversold. The STOCH value of 27.86 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EGH	71 Outperform	AU$250.27M	14.43	7.03%	2.56%	10.68%	-28.87%
NSR	71 Outperform	AU$3.28B	13.52	6.87%	4.75%	8.10%	6.34%
CIP	69 Neutral	AU$2.02B	20.49	3.99%	5.16%	4.34%	―
DXI	64 Neutral	AU$875.66M	16.77	4.90%	5.94%	-10.26%	―
Sector *	63 Neutral	$6.98B	18.97	-1.16%	6.86%	4.65%	-25.28%
ABG	51 Neutral	AU$1.05B	―	-6.24%	7.26%	―	―
CMW	47 Neutral	AU$903.51M	―	-12.54%	8.70%	-52.49%	47.09%

Dexus Industria REIT Corporate Events

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.