Dexus Convenience Retail REIT (ASX:DXC): FY26 Distributions and Property Portfolio

Aditi Sarkar

14 October 2026 03:50 PM AEDT

Dexus Convenience Retail REIT (ASX:DXC): FY26 Distributions and Property Portfolio

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Highlights

Dexus Convenience Retail REIT reported 91 properties with a portfolio valuation of $779m at 30 June 2026.
The portfolio recorded occupancy of 99.2% and a weighted average lease expiry of 7.6 years.
The trust paid 5.225 cents per security for each of the quarters ended December 2025, March 2026 and June 2026.
Gearing stood at 30.60% at the FY26 reporting date.
The September 2026 quarterly distribution of 5.225 cents per security is scheduled for payment in November 2026.

Dexus Convenience Retail REIT (ASX:DXC) is an Australian listed property trust that owns service station and convenience retail assets across the country. Managed by Dexus, the trust generates income from property leasing and reports quarterly distributions to securityholders. Its FY26 portfolio metrics, distribution schedule and financing position provide a current view of the trust’s rental-property operating model.

FY26 Portfolio Size, Occupancy and Lease Tenure

At 30 June 2026, Dexus Convenience Retail REIT (ASX:DXC) held 91 properties with a reported portfolio valuation of $779m. Its weighted average capitalisation rate was 6.18%, while occupancy stood at 99.2%. These figures describe the composition and leasing position of the assets at the financial year-end rather than the market price of the trust’s securities.

The weighted average lease expiry (WALE) of 7.6 years provides a measure of the remaining contractual lease period across the portfolio. For Dexus Convenience Retail REIT (ASX:DXC), rental arrangements with convenience retailers and service station operators link property income to the terms of individual tenancy agreements. Lease expiry, tenant concentration and rental review provisions remain relevant to interpreting that income.

Quarterly Distributions and Payment Timetable

Dexus reports a distribution of 5.225 cents per security for each of the quarters ended 31 December 2025, 31 March 2026 and 30 June 2026. The corresponding payment dates were 19 February, 14 May and 20 August 2026. The three payments totalled 15.675 cents per security; they should not be presented as a complete annual distribution figure.

For the quarter ended 30 September 2026, Dexus Convenience Retail REIT (ASX:DXC) has listed a further 5.225 cents per security, with payment scheduled for 11 November 2026. That amount is distinct from distributions already paid as of 14 October 2026. The distinction matters when comparing declared distributions with cash actually received during a specified period.

The fund publishes distribution tax components separately from the gross cash amount. The trust is a stapled group comprising three registered schemes, so the character of its distributions cannot be reduced to the ordinary dividend treatment used for many operating companies.

Borrowing Position and Property-Related Considerations

At 30 June 2026, Dexus Convenience Retail REIT (ASX:DXC) reported gearing of 30.60%. Borrowing levels, refinancing terms and interest costs affect the relationship between gross rental income, operating expenses and funds available for distributions. Changes in these factors can occur independently of tenant occupancy.

The portfolio also faces leasing and asset-specific considerations, including tenant renewal decisions, site maintenance requirements and changes in transport or convenience retail activity. The 2026 figures provide a dated operating snapshot and do not establish future distributions or financial outcomes.

Key Insights

The FY26 data place Dexus Convenience Retail REIT (ASX:DXC) within the convenience retail property segment, with 91 assets, 99.2% occupancy and 7.6 years of weighted average lease expiry at 30 June 2026. Quarterly cash distribution reporting and the separately scheduled November 2026 payment are important distinctions in assessing the trust’s reported income history. Its portfolio income, lease structure and borrowing position remain central to understanding the business.

FAQs

Q: What does Dexus Convenience Retail REIT own?

A:It owns Australian service station and convenience retail properties.

Q: How many properties were in the FY26 portfolio?

A:The trust reported 91 properties at 30 June 2026.

Q: What was the FY26 occupancy rate?

A:Portfolio occupancy was 99.2% at 30 June 2026.

Q: When was the June 2026 quarter distribution paid?

A:The 5.225 cents per security distribution was paid on 20 August 2026.

Q: Has the September 2026 distribution been paid?

A:As of 14 October 2026, its payment was scheduled for 11 November 2026.

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