Highlights

  • The fund reported a convenience retail portfolio of approximately AUD 779 million across 91 properties at 30 June 2026.
  • Dexus Convenience Retail REIT owned 91 strategically located properties, including Assets held for sale, covering approximately 608,500 square metres of site area.
  • The presentation stated that occupancy had remained above 99% since the fund’s 2017 listing and highlighted the long Lease structure of its assets.

Dexus Convenience Retail REIT (ASX:DXC) was priced at AUD 2.77, up 1.10% in the reported market trading figures. The fund reported a convenience retail portfolio of approximately AUD 779 million across 91 properties at 30 June 2026. The company’s published FY26 announcement presents its property, leasing, financial and capital-management information for the reported period. Figures below follow the announcement’s stated measures and reporting basis.

National Convenience Property Network

Dexus Convenience Retail REIT owned 91 strategically located properties, including assets held for sale, covering approximately 608,500 square metres of site area. Its portfolio included 69 specialty retail tenancies. Queensland represented 52 properties with a stated value of AUD 462 million, while New South Wales represented 11 properties valued at AUD 127 million. The annual results also identified assets in South Australia, Western Australia and Victoria.

Geographic and Tenant Exposure

Approximately 77% of portfolio value was located on Australia’s eastern seaboard. The fund estimated about 2.6 million people residing within a three-kilometre radius of its properties and about 1.9 million vehicles passing its sites each day. These are portfolio and catchment estimates rather than reported customer transactions. The holdings are concentrated in fuel, quick-service food and convenience retail property uses.

Leases and Portfolio Management

The presentation stated that occupancy had remained above 99% since the fund’s 2017 listing and highlighted the long lease structure of its assets. It described no significant lease expiries before 2032 and contracted fixed or CPI-linked rental increases. The tenant base had expanded from 18 at listing to 62. The fund reported roughly AUD 108 million of disposals since 2022, with proceeds redirected to development activity and security buybacks.

Capital Allocation

Management described a gearing target of 25% to 40% and noted gearing had remained at or below 35% since June 2022. A security buyback program was increased from 2.5% to 5%, and the presentation stated that approximately 60% of the initial program had been completed by the results date. The portfolio review focused on metro and highway locations, convenience retail and Capital management.

Reported Position and Further Disclosures

The results distinguish operating metrics from statutory financial measures and, where applicable, adjusted or non-IFRS measures such as funds from operations. Occupancy, leasing, rental income and asset values describe different elements of Dexus Convenience Retail REIT’s operations. Forward guidance and management targets are presented as stated company expectations rather than achieved financial outcomes. The figures in the attached release refer to their respective reporting dates and should not be treated as updated trading guidance unless subsequently confirmed by the company.