Australia's Dexus Convenience Retail REIT slips on subdued half-year

Dexus Convenience Retail REIT

06/02/2023 24:24

** Shares of Dexus Convenience Retail REIT  DXC.AX  slip as
much as 2.3% to A$2.920
    ** On track for stock's biggest pct drop since Jan. 16, at
current levels 
    ** Narrows FY23 guidance range to funds from operations and
distributions to between 21.4 and 21.8 AU cents per share 
    ** Posts HY statutory net profit after tax of A$3.1 million 
($2.15 million), down 92.2% from a year earlier on the back of
valuation declines on investment properties
    ** Stock up 4.6% this year, as of last close, vs 7.4%
increase in the benchmark S&P/ASX 200 index  .AXJO  
($1 = 1.4449 Australian dollars)
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))