Australia's Dexus Convenience Retail REIT rises on increasing buyback target
19/06/2026 01:52
BUZZ-Australia's Dexus Convenience Retail REIT rises on increasing buyback target ** Shares of Dexus Convenience Retail REIT DXC.AX rise 1.9% to A$2.65, set for their best day since June 5, if gains hold
** The real estate investment trust increases its buyback target to 5% of securities on issue, from 2.5%
** Also reports an estimated net valuation uplift of around A$8.1 million ($5.68 million) for the six-month period ended June 30, based on external and internal valuations
** Stock remains 5.7% down so far this year
($1 = 1.4265 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
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