What Are Brokers Saying About Dexus Industria REIT (ASX:DXI) Shares?

Sonal Goyal

09 October 2026 11:42 AM AEDT

What Are Brokers Saying About Dexus Industria REIT (ASX:DXI) Shares?

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Highlights

Consensus rating of Buy from 6 analysts: 4 Buy or equivalent, 2 Hold, 0 Sell or equivalent.
Mean price target of A$2.81 against a share price of A$2.30 on 8 October 2026, an implied upside of 22.0%.
Analyst targets range from A$2.35 to A$3.30.
Funds from operations (FFO) per security were 17.6 cents, above upgraded guidance of 17.4 cents, and distributions were 16.6 cents per security, in line with guidance.

Dexus Industria REIT (ASX:DXI) carries a consensus analyst rating of Buy. Of the 6 analyst recommendations recorded, 4 are Buy or equivalent, 2 are Hold and 0 are Sell or equivalent. The mean price target is A$2.81, with targets ranging from A$2.35 to A$3.30, against a current share price of A$2.30 (8 October 2026). Dexus Industria REIT is an Australian REIT that owns industrial properties, including the ASCEND Industrial Estate at Jandakot in Western Australia.

Company name	Dexus Industria REIT
Ticker	(ASX:DXI)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$2.30
Price date	8 October 2026
Number of analysts	6
Rating consensus	Buy
Consensus price target (mean)	A$2.81
Highest target	A$3.30
Lowest target	A$2.35
Implied upside/downside to mean target	Implied upside of 22.0%

Latest developments

Dexus Industria REIT (ASX:DXI) announced its results for the full year ended 30 June 2026 on 12 August 2026. Funds From Operations (FFO) per security were 17.6 cents, above upgraded guidance of 17.4 cents, and distributions were 16.6 cents per security, in line with guidance. Statutory net profit after tax was $74.4 million, compared with $84.2 million, mainly because of lower property valuation gains.

Like-for-like portfolio income growth was 5.3%, with re-leasing spreads of 21.4% and occupancy of 98.8%. The REIT completed 45,200 square metres of developments at ASCEND Industrial Estate at Jandakot at an average Yield on cost of 7.0%. Its buy-back is 60% complete against an initial target of 2.5% and the target was doubled to 5%. Look-through gearing was 31.2%, at the lower end of the 30% to 40% target range, with no Debt expiries until FY28.

Sector context

Industrial property Earnings depend on leasing demand, rent growth and Capitalisation rates. The REIT reports positive re-leasing spreads and high occupancy, with development completions contributing to income.

Risks and what to watch

Statutory profit fell to $74.4 million because of lower valuation gains. The buy-back and development pipeline use capital, and gearing may change as they proceed. Re-leasing spreads of 21.4% may not recur, and results depend on interest rates and valuations.

Next milestones

Items to watch include progress on the expanded 5% buy-back, further development completions at ASCEND, FY27 guidance, gearing movements, and the half-year result.

FAQs

Q: What is the consensus analyst rating for Dexus Industria REIT (ASX:DXI)?

A:The consensus rating is Buy, based on 6 analyst recommendations: 4 Buy or equivalent, 2 Hold and 0 Sell or equivalent.

Q: What are the analyst price targets for Dexus Industria REIT (ASX:DXI)?

A:The mean price target is A$2.81, with a highest target of A$3.30 and a lowest target of A$2.35. The share price on 8 October 2026 was A$2.30.

Q: What did Dexus Industria REIT (ASX:DXI) report for FY26?

A:DXI reported FFO of 17.6 cents per security, distributions of 16.6 cents per security, statutory NPAT of $74.4 million and occupancy of 98.8%.

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