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Dexus Convenience Retail REIT

Company price
2.78 AUD 0.02 ( 0.72%)
Last update at 2026-11-12T05:10:00Z
VOLUME
118966
Market Cap
363.34M
P/E
6.63

Momentum Score

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Dexus Convenience Retail REIT is a listed Australian real estate investment trust. The firm owns high quality Australian service stations and convenience retail assets. At 31 December 2025, the fund's portfolio is valued at approximately 760 million dollar, is predominantly located on Australia's eastern seaboard and leased to leading Australian and international convenience retail tenants. The portfolio has a long lease expiry profile and contracts annual rent increases, delivering the fund a sustainable and strong level of income security. The fund has a conservative approach to capital management with a target gearing range of 25"40%. Dexus Convenience Retail REIT is governed by a majority Independent Board and managed by Dexus, a leading Australasian fully integrated real asset group with more than four decades of expertise in real estate and infrastructure investment, funds management, asset management, and development. Dexus Convenience Retail REIT was established on July 27, 2017 and incorporated in Australia.

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Day Price Range
2.75
Low
2.79
High
52 Week Price Range
2.38
Low
2.79
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Dexus Convenience Retail REIT is an Australian-listed REIT owning and managing convenience retail and service station properties leased to major fuel and quick-service operators. Long-term growth drivers include stable rental income from structured leases, demand for convenience locations, and active portfolio management by Dexus that may support income visibility and rental growth.

Material risks include tenant concentration in fuel and convenience sectors, sensitivity of values and distributions to interest rates and property cycles, and regulatory or commodity pressures that could reduce fuel volumes and rents.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2.76
Dividend Yield
7.68%
Revenue TTM
54.74M
Revenue Per Share
0.40
Gross Profit TTM
40.50M
Debt / Equity
0.46
ROE
11.00%
Net Debt
237.92M
ROCE
5.55%
Diluted EPS TTM
0.41

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 56.40M 39.37M 3.41M -8.38M 82.64M
Net income 56.40M 39.37M 3.41M -8.38M 82.64M
Selling general administrative - 4.64M - 5.33M 4.96M
Gross profit 42.34M 41.80M 48.73M 46.57M 42.89M
Ebit - - 85.97M 2.99M 86.04M
Ebitda 69.36M 50.79M 43.34M 2.99M 86.04M
Depreciation and amortization - - -42.63M -45.31M -42.06M
Operating income 42.47M 40.87M 43.34M 2.99M 86.04M
Other operating expenses 14.11M 15.08M 19.07M 14.14M 13.51M
Interest expense 12.96M 11.41M 11.12M 11.37M 3.40M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income 0.09M 0.10M 0.15M 50.35M 39.42M
Net interest income -11.50M -11.31M -10.97M -11.31M -3.25M
Income tax expense - - 42.63M 14.38M 89.44M
Total revenue 56.58M 55.95M 62.41M 59.38M 55.42M
Total operating expenses -0.13M 0.93M 0.95M 1.33M 0.97M
Cost of revenue 14.24M 14.15M 13.67M 12.81M 12.54M
Total other income expense net 13.93M -1.50M -39.93M -42.31M 43.97M
Net income from continuing ops 56.40M 39.37M 3.41M -8.38M 82.64M
Net income applicable to common shares - 39.37M - -8.38M 82.64M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 788.33M 736.44M 753.86M 802.86M 873.12M
Other current assets 2.17M 2.11M -5.11M 2.15M 3.23M
Total liab 264.31M 234.59M 262.94M 286.48M 318.60M
Total stockholder equity 524.03M 501.84M 490.92M 516.38M 554.52M
Other current liab 23.70M 1.00M 19.49M 21.04M 17.20M
Common stock 401.71M - 407.26M 407.26M 407.26M
Capital stock 401.71M 407.26M 407.26M 407.26M 407.26M
Retained earnings 122.31M 94.58M 83.65M 109.12M 147.25M
Other assets - - - 7.59M 9.76M
Cash 2.21M 2.40M 1.92M 5.45M 5.18M
Cash and equivalents - - - 5.45M 5.18M
Total current liabilities 23.70M 18.07M 19.57M 21.80M 17.99M
Net debt 237.92M 213.11M 241.29M 257.97M 294.43M
Short term debt - - - 0.00M 0.00M
Short long term debt total 240.13M - 243.20M 263.42M 299.61M
Total current assets 6.77M 7.33M 8.93M 21.11M 10.05M
Net receivables 2.39M 0.44M 3.19M 1.42M 1.29M
Long term debt 240.13M 215.51M 243.20M 263.42M 299.61M
Inventory - - - 12.08M 0.36M
Accounts payable 0.12M 0.58M 0.08M 0.76M 0.79M
Accumulated other comprehensive income - - 0.00M - -
Non currrent assets other 8.11M 0.07M 4.25M 781.76M 863.07M
Non current assets total 781.56M 729.11M 744.93M 781.76M 863.07M
Long term debt total - - - 263.42M 299.61M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments -18.52M 30.97M 21.29M 33.35M -167.92M
Total cashflows from investing activities -18.52M 30.97M - 33.35M -167.92M
Net borrowings 24.00M -29.00M - - -
Total cash from financing activities -10.34M -57.58M -50.00M -67.48M 143.26M
Net income 56.40M 39.37M 3.41M -8.38M 82.64M
Change in cash -0.18M 0.48M -3.54M 0.28M 4.39M
Begin period cash flow 2.40M 1.92M 5.45M 5.18M 0.79M
End period cash flow 2.21M 2.40M 1.92M 5.45M 5.18M
Total cash from operating activities 28.68M 27.09M 25.17M 34.41M 29.06M
Issuance of capital stock - - - - 55.50M
Other cashflows from investing activities - 30.97M - 33.35M -167.92M
Dividends paid 28.79M -28.58M 29.17M 30.13M 29.98M
Change to account receivables - - - 0.33M -1.09M
Sale purchase of stock -5.55M - - 0.00M -5.65M
Other cashflows from financing activities -5.55M - 21.29M 146.94M 876.35M
Capital expenditures 18.52M 6.85M 1.54M 0.08M 12.21M
Change in working capital 0.88M -1.10M -3.87M 4.32M -0.56M
Other non cash items -28.60M 28.19M 25.63M 38.49M -51.59M
Free cash flow 10.16M 27.09M 23.63M 34.41M 29.06M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
DXC
Dexus Convenience Retail REIT
0.02
0.72%
2.78 6.63 - 6.64 0.69 11.00 8.84
SCG
Scentre Group
0.02
0.57%
3.53 9.47 14.14 7.31 0.97 12.67 12.03
VCX
Vicinity Centres
-
-%
2.45 8.23 17.57 8.18 0.97 12.22 10.44
RGN
Region Group
0.01
0.42%
2.38 10.24 15.90 6.91 158.26 11.00 12.63
HDN
Homeco Daily Needs REIT
-
-%
1.19 6.88 12.74 5.93 0.74 11.29 9.44

Profile*

Dexus Convenience Retail REIT

Dexus Convenience Retail REIT is a listed Australian real estate investment trust. The firm owns high quality Australian service stations and convenience retail assets. At 31 December 2025, the fund's portfolio is valued at approximately 760 million dollar, is predominantly located on Australia's eastern seaboard and leased to leading Australian and international convenience retail tenants. The portfolio has a long lease expiry profile and contracts annual rent increases, delivering the fund a sustainable and strong level of income security. The fund has a conservative approach to capital management with a target gearing range of 25"40%. Dexus Convenience Retail REIT is governed by a majority Independent Board and managed by Dexus, a leading Australasian fully integrated real asset group with more than four decades of expertise in real estate and infrastructure investment, funds management, asset management, and development. Dexus Convenience Retail REIT was established on July 27, 2017 and incorporated in Australia.

Level 30, Sydney, NSW, Australia, 2000

61 2 9017 1100

Name Title Year Born
Mr. Darren Joseph Steinberg BEc, F.A.C.I.D., FAICD, FAPI, FRICS Chief Exec. Officer of Dexus Asset Management Limited NA
Mr. Joseph Tindaro De Rango B.Com., M.A.I.C.D. Head of Fin. & Real Estate Funds NA
Ms. Jessie Chen Head of Accounting of APN Funds Management Ltd. NA
Ms. Rowena Causley Sr. Mang. - Investor Relations of Dexus Asset Management Limited NA
Louise Murray Sr. Mang. of Communications - APN Funds Management Limited NA
Ms. Deborah Claire Coakley Exec. Director of Dexus Asset Management Limited NA
Mr. Timothy Slattery B.Sc., BSc, L.L.B., LLB, M.B.A., MBA Head of Listed Funds & Private Capital NA
Mr. Brett David Cameron B.A., L.L.B. Company Sec. & Alternate Director of Dexus Asset Management Limited NA
Mr. Scott D. Mahony FCIS, M.B.A. Company Sec. of Dexus Asset Management Limited NA
Mr. Darren Joseph Steinberg BEc, F.A.C.I.D., FAICD, FAPI, FRICS Chief Executive Officer of Dexus Asset Management Limited NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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