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Dexus Convenience Retail REIT Boosts Portfolio Quality with Strategic Divestments and Redevelopment
9:19am on Monday 2nd of June, 2025 AEST
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Real Estate
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Dexus Convenience Retail REIT Boosts Portfolio Quality with Strategic Divestments and Redevelopment
9:19am on Monday 2nd of June, 2025 AEST
Key Points
Achieved 10.3 cents per security distribution, on track for FY25 guidance
Strategic divestments reduced gearing to 28.7%, enhancing balance sheet flexibility
Positive property revaluations lifted Net Tangible Assets per security by 0.3%
Glass House Mountains Northbound redevelopment commenced, fully pre-leased on 18-year average lease
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Dexus Convenience Retail REIT (ASX:DXC)
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