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