Dexus Convenience Retail REIT
AASX:DXC2.72
AUD
+0.05
(+1.87%)
ISIN
AU0000179061
Return %
Stock
S&P 500
1Y
-8.42
14.20
3Y
20.89
81.12
5Y
-22.73
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Joseph Tindaro De Rango
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Level 30 Sydney NSW Australia 2000
- IPO Date
- Jul 27, 2017
- Website
- apngroup.com.au
- Similar Companies
- Business
- Dexus Convenience Retail REIT (Ticker: DXC.AX) is a real estate investment trust specializing in the ownership and management of convenience retail properties across Australia. The REIT's core assets include retail service stations, convenience stores, and associated retail facilities leased primarily to leading brands in the convenience retail sector. Its portfolio features a range of property types including fuel retail sites, convenience stores, and quick-service retail outlets, providing steady income through property leasing and asset management. The company operates predominantly within major Australian states and metropolitan markets, serving a mix of national and regional tenants. Founded in 2013 and headquartered in Sydney, Australia, Dexus Convenience Retail REIT focuses on convenience retail property investment and active management to generate long-term, stable income and capital growth for its investors. The REIT is a part of the broader Dexus group, a prominent Australian real estate group, which provides strategic support and capital strength. In recent developments over the past 1-2 years, Dexus Convenience Retail REIT has undertaken strategic portfolio enhancements, including acquisitions of additional high-quality convenience retail properties and forming strategic partnerships to expand its footprint and diversify tenant mix. The company has further optimized its asset portfolio by divesting non-core assets and increasing the weighting of fuel and convenience retail assets under long-term leases. This reflects a strategic shift to focus more deeply on the convenience retail sector given its resilient income profile. These moves underline the REIT’s commitment to delivering consistent returns through active asset management and targeted growth within its specialty real estate segment. The REIT’s industry presence extends across the retail real estate market, targeting institutional and retail investors looking for exposure to stable and high-demand convenience retail property assets. Dexus Convenience Retail REIT leverages its market expertise and the broader Dexus platform to capitalize on consumer trends in convenience retailing, including increasing demand for convenient fuel and retail services. In summary, Dexus Convenience Retail REIT is a Sydney-based Australian REIT established in 2013, specializing in investing, managing, and optimizing convenience retail properties such as retail fuel stations and convenience stores, with a current strategic focus on portfolio expansion and tenant diversification. Its operations are concentrated in Australia, with a client base comprising leading retail and fuel brands. Recent strategic initiatives include acquisitions, partnerships, and portfolio realignments to enhance its market position and income sustainability.