Dexus Convenience Retail REIT (DXC.AX)
Dexus Convenience Retail REIT operates in the REIT - Retail industry of the Real Estate sector, headquartered in Sydney, NSW, AU. The stock last traded at $2.75, up 1.10% on the session, giving a market capitalisation of $373.1M. Its beta of 0.54 implies it has historically moved less than the broad market.
Dexus Convenience Retail REIT (ASX: AQR) is a publicly traded Australian real estate investment trust that holds a portfolio of high-quality service stations and convenience retail assets across Australia. Comprising 79 properties, with an approximate value of $445 million, its holdings are predominantly located on the eastern seaboard and are tenanted by prominent Australian and international convenience retail businesses. The Trust benefits from extended lease expiry periods and contractually agreed annual rent escalations, which together provide a strong and reliable stream of income. The REIT maintains a disciplined capital management strategy, aiming for a gearing ratio between 25% and 40%. Governance is provided by an Independent Board of Directors, and management is handled by APN Property Group, a specialist real estate investment manager established in 1996.
Dexus Convenience Retail REIT is most often compared with the following Real Estate names: