Dexus Industria REIT's divestment will boost balance sheet - Macquarie

Dexus Industria REIT

20/06/2023 06:18

** Brokerage Macquarie says Dexus Industria REIT's  DXI.AX 
latest divestment provides co additional balance sheet capacity
    ** Dexus on June 16 exchanged contracts to sell 3 & 4 Forbes
Close, Knoxfield, Victoria for A$22.9 mln ($15.6 mln)
    ** Macquarie believes the divestments provide line of sight
for funding of future development
    ** Brokerage keeps FY23 earnings estimate unchanged, while
cutting FY24 estimate by 0.7%
    ** DXI shares are up 0.9%
    ** Avg rating of six analysts equivalent of 'buy;' median PT
is A$3.27 – Refinitiv data
    ** Stock down 5.5% this year, as of last close

($1 = 1.4699 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))