Australia's Dexus Convenience Retail rises; Bell Potter sees valuation growth on horizon

Dexus Convenience Retail REIT

27/03/2025 24:05

** Shares of online property marketplace Dexus Convenience Retail DXC.AX rise 1% to A$2.98

** Bell Potter highlights rising investor interest and improved profit margins in the retail sub-sector

** Brokerage sees an improved valuation outlook, potential industry consolidation, and increased interest from operators, citing the success of high-margin retail operators

** Bell Potter anticipates valuation growth as the industry cycles through levels, with a high 7.2% distribution yield expected in the process

** Maintains "buy" recommendation with an increased PT of A$3.35 from A$3.30

** Stock up 1.4% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))