Australia's Dexus Convenience Retail REIT gains on posting FY profit

Dexus Convenience Retail REIT

12/08/2024 03:54

** Shares of Dexus Convenience Retail REIT  DXC.AX  rise
3.2% to A$2.88; set for best day since Aug 2, if gains hold
    ** Real estate investment trust posts FY net profit of A$3.4
mln ($2.24 mln), compared to a A$8.4 mln loss last year
    ** Co says delivered distributions of 21.0 Australian cents
per security for FY - the upper end of its guidance range
    ** Stock up 7.3% YTD, as of last close


($1 = 1.5184 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))