Australia's Dexus Convenience Retail REIT rises on FY25 outlook beat

Dexus Convenience Retail REIT

11/08/2025 03:53

** Securities of Dexus Convenience Retail REIT DXC.AX rise as much as 2.4% to A$3.04, their biggest intraday pct gain since April 17

** The convenience retail assets owner posts FY25 Funds From Operations (FFO) and distributions of 20.7 Australian cents per security, above guidance of 20.6 au cents

** The REIT posts FY25 net profit after tax of A$39.4 million ($25.70 million), compared with A$3.4 million posted a year ago

** Co says strong profit performance reflects property valuation gains, rental growth

** DXC stock up 2.7%, YTD

($1 = 1.5328 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))