Dexus Industria REIT (DXI) AI Stock Analysis

• Market Cap: AU$929.60M
• Dividend Yield: 5.6%
• Average Volume (3M): 797.49K
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.58
• Revenue Growth: -10.26%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Industrial
• EPS (TTM): 0.10
• Shares Outstanding: 317,269,900
• 10 Day Avg. Volume: 856,734
• 30 Day Avg. Volume: 797,494
• PEG Ratio: 1.23
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$2.80
• Price Target Upside: -4.44% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: AU$3.50 ▲(19.45%Upside)

The overall stock score of 70 reflects strong financial performance and valuation appeal, balanced by technical signals suggesting caution due to potential overbought conditions. The company's robust cash flow and dividend yield are strong positives, although recent net losses indicate a need for improved profitability.

Dexus Industria REIT Business Overview & Revenue Model

Company Description

Dexus Industria REIT (DXI) is an Australian Real Estate Investment Trust that focuses on owning, managing, and developing industrial properties. The company primarily operates within the industrial real estate sector, catering to logistics, warehousing, distribution, and manufacturing businesses. Its portfolio includes a diverse range of assets strategically located across key industrial precincts in Australia.

How the Company Makes Money

Dexus Industria REIT generates revenue primarily through rental income from its industrial property portfolio. The company leases its properties to a variety of tenants, ensuring a stable and recurring income stream. Additionally, the REIT may engage in property development and redevelopment projects, which can provide capital appreciation and increased rental returns. Dexus Industria REIT's earnings are further supported by strategic partnerships and joint ventures that enhance its property offerings and tenant base. The company also benefits from property management fees and other ancillary income related to its real estate operations.

Dexus Industria REIT Financial Statement Overview

Summary

Dexus Industria REIT shows strong revenue growth and efficient cost management with healthy gross and EBIT margins. However, recent net losses challenge profitability, impacting return metrics. The balance sheet is robust with low leverage and strong equity, while cash flow generation supports operations effectively.

Income Statement

Dexus Industria REIT has shown a consistent increase in revenue over the years with a slight dip in net income recently. The gross profit margin has remained strong at around 76.7%, and the EBIT and EBITDA margins are impressive, both at approximately 66.8%. However, the negative net profit margin of -4.2% in the latest year indicates challenges in profitability, potentially due to high expenses or other financial pressures. Revenue growth has been positive, particularly with a 3.05% increase from 2023 to 2024.

Balance Sheet

The balance sheet reflects a stable financial position with a strong equity base, as evidenced by the equity ratio of 75.3%. The debt-to-equity ratio has improved to 0.29, indicating effective debt management. The return on equity has been negative recently due to net losses, although historically, it has been strong, suggesting potential for recovery. The company has managed to maintain a robust asset base, which supports its operational capabilities.

Cash Flow

Cash flows show positive trends with a steady operating cash flow and a significant free cash flow of 50.6 million. Although free cash flow growth is negative compared to the previous year, the operating cash flow to net income ratio is healthy at -17.14, highlighting strong cash generation ability relative to net income. Despite fluctuations in financing and investing cash flows, the company's ability to generate cash from operations remains a strength.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
111.70M	74.46M	79.79M	79.99M	67.39M	61.88M
	Gross Profit
92.70M	55.27M	59.22M	59.15M	49.48M	44.57M
	EBIT
92.70M	54.90M	14.55M	180.81M	129.16M	62.88M
	EBITDA
26.57M	54.90M	13.25M	180.81M	129.16M	62.88M
	Net Income Common Stockholders
22.64M	-3.44M	-6.41M	154.83M	106.21M	51.45M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.35M	5.26M	6.44M	11.25M	19.60M	4.93M
	Total Assets
1.43B	1.38B	1.56B	1.72B	1.11B	852.68M
	Total Debt
328.21M	302.81M	414.41M	514.10M	381.46M	261.26M
	Net Debt
323.86M	298.31M	408.90M	508.52M	374.40M	256.33M
	Total Liabilities
366.57M	340.46M	460.67M	562.22M	418.14M	294.74M
	Stockholders Equity
800.32M	1.04B	1.10B	1.15B	695.42M	557.94M
Cash Flow		Free Cash Flow
45.58M	50.60M	55.09M	27.60M	45.84M	38.50M
	Operating Cash Flow
52.76M	58.88M	61.94M	46.18M	45.84M	38.50M
	Investing Cash Flow
7.66M	106.07M	92.87M	-474.00M	-162.75M	-66.33M
	Financing Cash Flow
-61.15M	-165.97M	-154.88M	427.63M	119.04M	30.32M

Dexus Industria REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXI, the sentiment is Positive. The current price of 2.93 is above the 20-day moving average (MA) of 2.85, above the 50-day MA of 2.71, and above the 200-day MA of 2.67, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 69.03 is Neutral, neither overbought nor oversold. The STOCH value of 80.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DXI.

Dexus Industria REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DXI	70 Outperform	AU$929.60M	17.80	4.90%	5.60%	-10.26%	―
GMG	69 Neutral	AU$69.02B	70.34	5.14%	0.88%	9.68%	273.05%
CIP	69 Neutral	AU$2.01B	20.43	3.99%	5.14%	4.34%	―
SCP	67 Neutral	AU$14.71M	―		―	―	―
CHC	63 Neutral	$9.12B	314.52	1.03%	1.49%	-19.75%	―
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
GPT	54 Neutral	$9.48B	―	-1.94%	4.63%	8.59%	16.36%

Dexus Industria REIT Corporate Events

Dexus Industria REIT Finalizes Dividend Distribution Details

Dexus Industria REIT has updated its previous announcement to provide the final distribution rate details for its dividend related to the quarter ending on March 31, 2025. This update, announced on May 15, 2025, is significant for stakeholders as it finalizes the financial details impacting investor returns and aligns with the company’s commitment to transparency in its financial operations.

The most recent analyst rating on (AU:DXI) stock is a Buy with a A$3.32 price target. To see the full list of analyst forecasts on Dexus Industria REIT stock, see the AU:DXI Stock Forecast page.