Dexus Industria REIT (DXI) AI Stock Analysis

• Market Cap: AU$929.60M
• Dividend Yield: 5.61%
• Average Volume (3M): 773.56K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.56
• Revenue Growth: -8.67%
• 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: 1,204,273
• 30 Day Avg. Volume: 773,561
• 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$3.16
• Price Target Upside: 7.85% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 67 Neutral
• Price Target: AU$3.00 ▲(2.39% Upside)

Dexus Industria REIT's overall score reflects strong financial performance with solid profitability and cash flow metrics, despite a concerning decline in revenue growth. The valuation is attractive with a low P/E ratio and high dividend yield, appealing to value and income investors. Technical indicators suggest a neutral trend with weak momentum, which slightly offsets the positive financial and valuation aspects.

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: Positive
• Last Price: 2.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 2.93 is above the 20-day moving average (MA) of 2.87, above the 50-day MA of 2.84, and above the 200-day MA of 2.70, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.82 is Neutral, neither overbought nor oversold. The STOCH value of 49.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	226.09M	10.11	―	2.75%	11.30%	18.93%
CIP	70 Outperform	2.25B	16.98	5.35%	4.58%	4.39%	176.52%
DXI	67 Neutral	AU$929.60M	11.04	7.99%	5.61%	-8.67%	―
NSR	61 Neutral	3.27B	13.66	8.16%	4.76%	10.59%	0.77%
ABG	57 Neutral	1.10B	41.03	1.72%	6.88%	4.69%	―
CMW	56 Neutral	1.23B	-20.98	-1.55%	6.38%	-5.64%	89.16%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Dexus Industria REIT Corporate Events

Dexus Industria REIT Advances Brisbane Technology Park Divestment

Dexus Industria REIT has completed the first transaction in its plan to divest 11 out of 13 properties at Brisbane Technology Park in Queensland, with the remaining two properties’ divestment pending capital raising and expected to settle by November 2025. This move is part of a strategic shift that may impact the company’s operations and market positioning, potentially affecting stakeholders by altering the asset composition and focus of the REIT.

The most recent analyst rating on (AU:DXI) stock is a Buy with a A$3.00 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 Releases 2025 Corporate Governance Statement

Dexus Industria REIT has released its corporate governance statement for the financial year ending June 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting its commitment to transparency and accountability in its management and oversight practices.

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 Releases 2025 Annual Report

Dexus Industria REIT has released its 2025 Annual Report, which will be distributed to security holders in September 2025. This report reflects the company’s ongoing commitment to providing sustainable income and capital growth, reinforcing its strong position in the industrial real estate market across Australia.

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 2025 Annual Results

Dexus Industria REIT has released its 2025 Annual Results presentation, highlighting the fund’s continued focus on industrial warehouse investments across Australia. The release underscores the trust’s strategic positioning for long-term income and growth, with a target gearing range of 30–40%, and reflects its commitment to providing value to stakeholders through expert management by Dexus.

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 Strong FY25 Results and Strategic Transition

Dexus Industria REIT (DXI) reported a strong financial performance for the year ended June 30, 2025, with upgraded guidance and significant property valuation gains leading to a net profit after tax of $84.2 million. The company achieved a 4.6% increase in Funds From Operations per security and maintained high occupancy levels across its portfolio. DXI is transitioning towards a focused industrial REIT by divesting non-core assets and acquiring growth-oriented properties, which is expected to enhance portfolio quality and capitalize on favorable industrial market conditions. The company remains committed to sustainability, maintaining carbon neutrality and implementing renewable energy initiatives across its assets.

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 Strong Financial Turnaround

Dexus Industria REIT reported a net profit of $84.2 million for the year ended June 30, 2025, marking a significant turnaround from the previous year’s loss. Despite a slight decrease in revenue, the company’s funds from operations increased by 4.6%, and distributions to security holders remained stable. The REIT’s total assets grew by 6%, while its market capitalization saw a slight decline. The announcement reflects the company’s stable financial performance and strategic positioning in the industrial real estate sector, providing confidence to its stakeholders.

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 Divests Business Park Assets to Focus on Industrial Growth

Dexus Industria REIT has announced the divestment of its final business park assets at Brisbane Technology Park for $155.5 million, marking a significant shift towards a focused industrial property REIT. This strategic move, structured in two transactions, is expected to enhance DXI’s portfolio metrics, reduce gearing, and align with its long-term strategy to drive growth through reinvestment in industrial assets. The divestment is anticipated to be initially dilutive to Funds from Operations but is expected to be broadly neutral after accounting for capital expenditure. The transactions will position DXI to capitalize on growth-oriented industrial opportunities, such as the recent Glendenning acquisition.

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.