Australia's Dexus Convenience Retail REIT climbs on forecast uplift; Bell Potter ups PT

Dexus Convenience Retail REIT

06/02/2024 03:09

** Shares of Dexus Convenience Retail REIT  DXC.AX  rise as
much as 1.5% to A$2.680
    ** Real estate investment trust lifts the bottom end of its
outlook for full-year funds from operations (FFO) and
distribution
    ** Sees FY24 FFO and distribution to be in 20.8-21.1
Australian cents per security range, up from previous range of
20.7-21.1 Australian cents
    ** Analysts at Bell Potter raise PT to A$3.00 from A$2.90
    ** About 179,000 DXC shares change hands, compared with the
30-day average volume of 137,993
    ** DXC up 1.5% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))