Australia's Dexus Industria REIT jumps on upbeat portfolio valuation

Dexus Industria REIT

17/12/2024 03:58

** Shares of Dexus Industria REIT  DXI.AX  climb as much as
4.3%, marking its biggest one-day pct gain since early July
** Co reports net valuation of A$33.3 mln ($21.19 mln) for six
months ended Dec. 31, a 2.4% increase on book values
    ** Says capitalization rate growth slows, yet strong leasing
and solid rental increase continue to support valuation
  
    ** Including session's jump, stock trims YTD loss to around
6%
     
    ($1 = 1.5718 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)
((mailto:Tanishk.Kumar@thomsonreuters.com;))