Dexus Convenience Retail REIT (AU:DXC)
ASX:DXC
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Dexus Convenience Retail REIT
(Sydney:DXC)
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Rating:64Neutral
Price Target:
AU$2.50
▼(-11.66% Downside)
Action:Reiterated
Date:11/01/25
The overall stock score of 64 reflects a balance of strong valuation and financial performance against weak technical indicators. The company's attractive dividend yield and reasonable P/E ratio are significant positives, but declining revenue and negative market momentum present challenges.
Positive Factors
Predictable rental income from multi-year leases
DXC’s core model relies on multi-year leases that produce recurring base rent and predictable property-level cash flows. That structural income supports stable distributions, reliable debt servicing and medium-term planning, reducing revenue volatility versus transactional businesses.
Negative Factors
Declining revenue trend
DXC’s revenue has recently contracted (~8.4%), a structural concern that reduces rental cash inflows and pressures margins and distributable earnings. If this trend persists it may reflect leasing or occupancy issues and will require portfolio or leasing strategy changes to restore top-line stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Predictable rental income from multi-year leases
DXC’s core model relies on multi-year leases that produce recurring base rent and predictable property-level cash flows. That structural income supports stable distributions, reliable debt servicing and medium-term planning, reducing revenue volatility versus transactional businesses.
Read all positive factors
Dexus Convenience Retail REIT (DXC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$362.94M
Dividend Yield7.46%
Average Volume (3M)131.85K
Price to Earnings (P/E)5.9
Beta (1Y)0.35
Revenue Growth-8.40%
EPS Growth205.28%
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.44
Shares Outstanding136,443,250
10 Day Avg. Volume118,279
30 Day Avg. Volume131,846
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.83
Price to Sales (P/S)7.48
P/FCF Ratio15.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.83Price Target Upside-0.18% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.22
Revenue Forecast (FY)AU$55.65M
Dexus Convenience Retail REIT Business Overview & Revenue Model
Company Description
Dexus Convenience Retail REIT (ASX: AQR) is a publicly traded Australian real estate investment trust that holds a portfolio of high-quality service stations and convenience retail assets across Australia. Comprising 79 properties, with an approxi...
How the Company Makes Money
DXC makes money primarily by earning rental income from tenants that lease its convenience retail properties (e.g., service station and associated convenience retail sites). Lease contracts typically provide recurring base rent over multi-year ter...
Dexus Convenience Retail REIT Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.87M | 55.95M | 57.10M | 59.38M | 55.42M | 41.27M |
| Gross Profit | 38.58M | 41.80M | 43.43M | 46.57M | 42.89M | 34.27M |
| EBITDA | 40.19M | 50.79M | 14.96M | 47.43M | 86.04M | 78.04M |
| Net Income | 60.52M | 39.37M | 3.41M | -8.38M | 82.64M | 73.82M |
Balance Sheet | ||||||
| Total Assets | 771.56M | 736.44M | 753.86M | 802.86M | 873.12M | 646.79M |
| Cash, Cash Equivalents and Short-Term Investments | 4.76M | 2.40M | 1.92M | 5.45M | 5.18M | 786.00K |
| Total Debt | 230.43M | 215.51M | 243.20M | 263.42M | 299.61M | 180.77M |
| Total Liabilities | 248.27M | 234.59M | 262.94M | 286.48M | 318.60M | 193.52M |
| Stockholders Equity | 523.29M | 501.84M | 490.92M | 516.38M | 554.52M | 453.27M |
Cash Flow | ||||||
| Free Cash Flow | 18.28M | 27.09M | 23.63M | 34.35M | 18.29M | 19.50M |
| Operating Cash Flow | 23.25M | 27.09M | 25.17M | 34.43M | 30.49M | 24.61M |
| Investing Cash Flow | -17.73M | 30.97M | 21.29M | 33.35M | -167.92M | -151.75M |
| Financing Cash Flow | -5.57M | -57.58M | -50.00M | -67.48M | 143.26M | 125.81M |
Dexus Convenience Retail REIT Technical Analysis
Positive
2.83
Price Trends
2.67
Negative
2.68
Negative
2.75
Negative
Market Momentum
-0.01
Negative
52.83
Neutral
69.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXC, the sentiment is Positive. The current price of 2.83 is above the 20-day moving average (MA) of 2.62, above the 50-day MA of 2.67, and above the 200-day MA of 2.75, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 69.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DXC.
Dexus Convenience Retail REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$2.73B | 7.11 | 11.96% | 6.09% | 5.78% | 79.44% | |
71 Outperform | AU$1.61B | 8.06 | 21.02% | 6.30% | -0.79% | 54.01% | |
70 Outperform | AU$2.78B | 9.01 | 10.68% | 5.61% | 24.34% | 131.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | AU$362.94M | 5.94 | 11.81% | 7.46% | -8.40% | 205.28% | |
64 Neutral | AU$2.30B | 6.57 | 12.47% | 7.72% | 18.68% | 105.99% | |
53 Neutral | AU$552.54M | 8.68 | 6.22% | 8.63% | 3.61% | ― |
* Real Estate Sector Average
AU:DXC
Dexus Convenience Retail REIT
2.66
-0.06
-2.39%
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AU:HDN
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Dexus Convenience Retail REIT Corporate Events
Dexus Convenience Retail REIT Updates Market on Progress of On-Market Buy-Back
Jun 4, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX regarding its ongoing on-market buy-back of fully paid stapled securities under code DXC. The latest filing confirms the program’s continuation, detailing that 3,0...
Dexus Convenience Retail REIT Reports Ongoing Daily On-Market Buy-Back Activity
Jun 3, 2026
Dexus Convenience Retail REIT, an Australian-listed real estate investment trust, provides investors with exposure to convenience retail properties through fully paid stapled securities trading under the ticker DXC on the ASX. The trust targets in...
Dexus Convenience Retail REIT Appoints New Director Without Initial Equity Stake
Jun 3, 2026
Dexus Convenience Retail REIT has appointed Michael Grahame Sheffield as a director, effective 29 May 2026, and lodged an initial director’s interest notice with the ASX in line with listing rule requirements. The filing confirms that Sheffi...
Dexus Convenience Retail REIT Announces Director Melanie Bourke’s Departure
Jun 3, 2026
Dexus Convenience Retail REIT has announced the cessation of Melanie Jane Bourke as a director effective 29 May 2026, as disclosed in a final director’s interest notice to the ASX. The filing confirms that Bourke held no relevant interests i...
Dexus Convenience Retail REIT Reports Ongoing On‑Market Buy‑Back Activity
Jun 2, 2026
Dexus Convenience Retail REIT, an Australian real estate investment trust trading under the ASX code DXC, invests in and manages a portfolio of service station and convenience retail properties through fully paid stapled securities. It targets inc...
Dexus Convenience Retail REIT Reports Ongoing Daily On-Market Buy-Back Activity
Jun 1, 2026
Dexus Convenience Retail REIT has provided an updated daily notification on its on-market buy-back of fully paid stapled securities trading under the ASX code DXC. The trust reported that it has repurchased a cumulative 2,823,128 securities prior ...
Dexus Convenience Retail REIT Continues On-Market Buy-Back Program
May 28, 2026
Dexus Convenience Retail REIT has provided an updated notification on its on-market buy-back of fully paid stapled securities, reported under ASX code DXC. The latest notice confirms the program remains active, with a cumulative 2,704,735 securiti...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy-Back
May 27, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on-market buy-back of fully paid stapled securities under the code DXC. The trust reported that it had repurchased a cumulative 2,622,282 securities befor...
Dexus Convenience Retail REIT Reports Ongoing Daily On‑Market Buy‑Back
May 26, 2026
Dexus Convenience Retail REIT, an Australian real estate investment trust trading under the ticker DXC, invests in convenience retail assets and structures investor exposure through fully paid stapled securities. The vehicle targets income from le...
Dexus Convenience Retail REIT reshapes board as executive director departs
May 26, 2026
Dexus Convenience Retail REIT’s responsible entity, Dexus Asset Management Limited, has announced the resignation of Executive Director Melanie Bourke, effective 29 May 2026, with the board publicly thanking her for her contributions since j...
Dexus Convenience Retail REIT Reports Daily Progress on On-Market Buy-Back
May 26, 2026
Dexus Convenience Retail REIT has provided an updated notification to the market on its ongoing on-market buy-back of stapled securities under code DXC. The trust reported that a total of 2,567,520 securities had been repurchased prior to the prev...
Dexus Convenience Retail REIT continues on-market security buy-back
May 24, 2026
Dexus Convenience Retail REIT, a specialist owner of convenience retail properties, is listed on the Australian Securities Exchange under the ticker DXC and issues fully paid stapled securities. The trust operates as a registered managed investmen...
Dexus Convenience Retail REIT Continues On‑Market Buy‑Back of DXC Securities
May 22, 2026
Dexus Convenience Retail REIT has provided an update on its on‑market buy‑back of fully paid stapled securities, disclosing that a total of 2,441,061 units had been repurchased prior to the most recent trading day. The trust reported t...
Dexus Convenience Retail REIT Sells Three Assets at Premium to Fund Buy-Back
May 21, 2026
Dexus Convenience Retail REIT has agreed to sell three smaller convenience retail assets for a combined $8 million, representing a 1.4% premium to their December 2025 book values, with settlements scheduled between mid-July and mid-August 2026. Ma...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy‑Back
May 12, 2026
Dexus Convenience Retail REIT has provided an update on its on‑market buy‑back of fully paid stapled securities traded under the ASX code DXC. The trust reported that it had repurchased a cumulative total of 2,424,013 securities prior ...
Dexus Convenience Retail REIT Updates Details of Ongoing On-Market Buy-Back
May 10, 2026
Dexus Convenience Retail REIT has issued an updated notification to the ASX regarding its on-market buy-back of fully paid stapled securities under the code DXC. The latest filing, dated 11 May 2026, amends earlier disclosures by removing informat...
Dexus Convenience Retail REIT Extends On-Market Buy-Back Program
May 8, 2026
Dexus Convenience Retail REIT has continued its on-market buy-back of fully paid stapled securities, reporting a cumulative 2,383,343 units repurchased prior to the latest trading day. The latest daily notification shows an additional 23,268 secur...
Dexus Convenience Retail REIT Issues Daily Update on Ongoing On‑Market Buy‑Back
May 7, 2026
Dexus Convenience Retail REIT has provided an updated notification on its on‑market buy‑back of fully paid stapled securities, listed under ASX code DXC. The trust reported that it had bought back a cumulative 2,356,529 securities prio...
Dexus Convenience Retail REIT Reports Ongoing On‑Market Buy‑Back Activity
May 5, 2026
Dexus Convenience Retail REIT, an Australian real estate investment trust trading under the ASX code DXC, invests in and manages convenience-focused retail properties designed to generate steady income from long-term tenant leases. The trust offer...
Dexus Convenience Retail REIT Reports Ongoing Daily On‑Market Buy‑Back Activity
May 3, 2026
Dexus Convenience Retail REIT, an Australian listed real estate investment trust, specialises in owning and managing convenience retail assets such as service stations and related daily-needs properties. Its stapled securities trade on the ASX und...
Dexus Convenience Retail REIT Updates Buy-Back Totals and Corrects Consideration Figure
May 1, 2026
Dexus Convenience Retail REIT has provided an updated daily notification on its on‑market buy‑back of fully paid stapled securities, disclosing that a total of 2,273,694 units had been repurchased prior to the previous trading day, wit...
Dexus Convenience Retail REIT Cancels 556,491 Units Under On‑Market Buy‑Back
Apr 30, 2026
Dexus Convenience Retail REIT has cancelled 556,491 fully paid stapled units on 30 April 2026 as part of its ongoing on-market buy-back program. The reduction in issued capital may enhance net asset backing and earnings per security for remaining ...
Dexus Convenience Retail REIT Reports Ongoing On‑Market Buy‑Back Activity
Apr 29, 2026
Dexus Convenience Retail REIT has provided an updated notification on its on‑market buy‑back of fully paid stapled units, identified on the ASX under the code DXC. The program, originally announced in February 2022, continues to reduce...
Dexus Convenience Retail REIT Reports Ongoing On-Market Buy-Back Activity
Apr 23, 2026
Dexus Convenience Retail REIT, an Australian real estate investment trust, offers investors stapled securities that provide exposure to a portfolio of convenience retail properties. The trust operates under multiple ARSN registrations and is liste...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy-Back
Apr 20, 2026
Dexus Convenience Retail REIT has provided an updated notification of its on-market buy-back program for its fully paid stapled securities traded under the DXC code. The trust reported that it had repurchased a cumulative total of 2,019,529 securi...
Dexus Convenience Retail REIT Reports Ongoing On‑Market Buy‑Back Activity
Apr 19, 2026
Dexus Convenience Retail REIT has issued an updated notification to the ASX regarding its ongoing on‑market buy‑back of fully paid stapled securities under code DXC. The trust reported that, as of 20 April 2026, it had repurchased a to...
Dexus Convenience Retail REIT Logs Latest Daily On‑Market Buy‑Back Activity
Apr 16, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX regarding its ongoing on-market buy-back of fully paid stapled securities under the code DXC. The trust reported that, as of the latest daily update on 17 April 2026, it...
Dexus Convenience Retail REIT Updates Daily On-Market Buy-Back Activity
Apr 15, 2026
Dexus Convenience Retail REIT, an ASX-listed real estate investment trust, specialises in owning and managing income-producing convenience retail properties through stapled, fully paid units traded under the code DXC. Its portfolio and structure a...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy-Back
Apr 14, 2026
Dexus Convenience Retail REIT has provided an updated notification on its ongoing on-market buy-back of fully paid stapled securities traded under the ASX code DXC. The latest filing states that a total of 1,886,764 securities had been repurchased...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy‑Back
Apr 13, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on‑market buy‑back of fully paid stapled securities under code DXC. The trust reported that a total of 1,866,939 securities had been repurchas...
Dexus Convenience Retail REIT Reports Ongoing Daily On-Market Buy-Back Activity
Apr 9, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX regarding its ongoing on-market buy-back of fully paid stapled securities under code DXC. The latest daily report shows a cumulative total of 1,829,017 securities repurc...
Dexus Convenience Retail REIT Reports Ongoing Daily On‑Market Buy‑Back Activity
Apr 8, 2026
Dexus Convenience Retail REIT has provided an updated notification on its on‑market buy‑back of fully paid stapled securities trading under the ASX code DXC. The trust reported that a total of 1,796,248 securities had been repurchased ...
Dexus Convenience Retail REIT Updates Daily On-Market Buy-Back Activity
Apr 7, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on-market buy-back program for its fully paid stapled securities under code DXC. The trust reported that it had repurchased a cumulative 1,756,889 securit...
Dexus Convenience Retail REIT Updates Daily On-Market Buy-Back Activity
Apr 1, 2026
Dexus Convenience Retail REIT has provided an update on its ongoing on-market buy-back program for its fully paid stapled securities trading under the code DXC. The trust reported that it had repurchased a cumulative 1,723,660 securities before th...
Dexus Convenience Retail REIT Continues On-Market Buy-Back Program
Apr 1, 2026
Dexus Convenience Retail REIT has provided a daily update on its on-market buy-back of fully paid stapled securities trading under the ASX code DXC, confirming it is continuing the previously announced capital management program. The REIT reported...
Dexus Convenience Retail REIT Cancels Units After On-Market Buy-Back
Apr 1, 2026
Dexus Convenience Retail REIT has cancelled 270,441 fully paid stapled units following an on-market buy-back that was completed on March 31, 2026. The reduction in issued capital is expected to slightly enhance remaining unitholders’ proport...
Dexus Convenience Retail REIT Updates Daily On‑Market Buy‑Back
Mar 30, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on-market buy-back of fully paid stapled securities under code DXC. The latest daily report shows that a total of 1,661,860 securities had been repurchase...
Dexus Convenience Retail REIT Reports Ongoing Daily On‑Market Buy‑Back Activity
Mar 26, 2026
Dexus Convenience Retail REIT has provided an updated notification on its ongoing on-market buy-back of fully paid stapled securities, listed under ASX code DXC. As of 27 March 2026, the trust reported that it had repurchased a cumulative total of...
Dexus Convenience Retail REIT Updates Daily On‑Market Buy‑Back Activity
Mar 25, 2026
Dexus Convenience Retail REIT has provided a daily update on its on‑market buy‑back of fully paid stapled securities, reporting that a total of 1,597,083 units had been repurchased before the previous day and a further 7,212 units were...
Dexus Convenience Retail REIT updates market on ongoing securities buy‑back
Mar 24, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on‑market buy‑back of fully paid stapled securities under code DXC. The trust reported that it had repurchased a total of 1,566,349 securities...
Dexus Convenience Retail REIT Reports Ongoing On-Market Buy-Back Activity
Mar 19, 2026
Dexus Convenience Retail REIT, listed on the ASX under the code DXC, operates as a real estate investment trust specialising in convenience retail assets such as fuel and roadside retail properties. The trust offers investors access to a portfolio...
Dexus Convenience Retail REIT Updates Daily On‑Market Buy‑Back Activity
Mar 18, 2026
Dexus Convenience Retail REIT has provided an updated notification regarding its on-market buy-back of fully paid stapled securities trading under the ASX code DXC. The trust reported that a total of 1,485,289 securities had been repurchased prior...
Dexus Convenience Retail REIT Updates Market on Ongoing Security Buy‑Back
Mar 17, 2026
Dexus Convenience Retail REIT has provided an updated notification to the ASX on its ongoing on‑market buy‑back of fully paid stapled securities under the code DXC. The latest filing, dated 18 March 2026, confirms that a total of 1,470...
Dexus Convenience Retail REIT Updates Market on Daily Progress of On‑Market Buy‑Back
Mar 16, 2026
Dexus Convenience Retail REIT has provided an updated notification on its ongoing on‑market buy‑back of fully paid stapled securities traded under the ASX code DXC. The trust reported that it had repurchased a cumulative 1,452,722 secu...
Dexus Convenience Retail REIT Issues Daily Update on Ongoing On-Market Buy-Back
Mar 15, 2026
Dexus Convenience Retail REIT has provided an updated notification on its ongoing on-market buy-back of fully paid stapled securities trading under the ASX code DXC. The trust reported that a total of 1,444,672 securities had been bought back prio...
MA Financial exits substantial holding in Dexus Convenience Retail REIT
Mar 13, 2026
MA Financial Group Limited and its associated entities have lodged a notice stating they have ceased to be a substantial holder in Dexus Convenience Retail REIT as of 11 March 2026. The change reduces MA Financial’s significant influence ove...
Dexus Convenience Retail REIT Updates Progress of On‑Market Buy‑Back
Mar 11, 2026
Dexus Convenience Retail REIT reported an update on its ongoing on‑market buy‑back of fully paid stapled securities trading under the ASX code DXC. The trust, which invests in Australian convenience retail properties, is using the prog...
Dexus Convenience Retail REIT Updates On-Market Buy-Back Activity
Mar 10, 2026
Dexus Convenience Retail REIT, an ASX-listed real estate investment trust, invests in convenience retail properties such as service stations and associated retail assets. The trust offers investors access to a portfolio of income-generating, daily...
Dexus Convenience Retail REIT Updates Daily On-Market Buy-Back Activity
Mar 10, 2026
Dexus Convenience Retail REIT, an ASX-listed real estate investment trust, invests in convenience retail properties and is structured through fully paid stapled securities trading under the ticker DXC. The vehicle offers investors access to income...
Dexus Convenience Retail REIT Targets 2.5% On-Market Buy-Back to Lift Securityholder Value
Mar 8, 2026
Dexus Convenience Retail REIT has reaffirmed its active on-market securities buy-back program, which was recently extended for 12 months to maintain capital management flexibility. The trust now plans an initial repurchase target of 2.5% of its se...
Dexus Convenience Retail REIT Announces Quarterly Distribution for March 2026
Mar 6, 2026
Dexus Convenience Retail REIT has declared a quarterly distribution of AUD 0.05225 per fully paid stapled security for the period ending 31 March 2026. The units will trade ex-distribution on 30 March, with a record date of 31 March and payment sc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.