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How Is Dexus Convenience Retail REIT Driving Growth with Glass House Mountains Redevelopment?

8:51am on Monday 11th of August, 2025 AEST Real Estate
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How Is Dexus Convenience Retail REIT Driving Growth with Glass House Mountains Redevelopment?

8:51am on Monday 11th of August, 2025 AEST
Key Points
  • FFO and distributions of 20.7 cents per security, exceeding guidance
  • Portfolio occupancy rises to 99.9% with 2.9% like-for-like net property income growth
  • Balance sheet strengthened with gearing at 29.4%, enabling growth initiatives
  • Glass House Mountains Northbound redevelopment fully pre-leased, on track for early 2026 completion
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