DEXUS INDUSTRIA REIT (DXI)
Share Price Analysis and Chart

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DXI

DXI - DEXUS INDUSTRIA REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.64
Index: ASX300 | ALL-ORDS

Dexus Industria REIT invests primarily in industrial warehouses located across Australia’s major cities.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.31

15 Oct
2026

0.020

OPEN

$2.28

0.87%

HIGH

$2.34

855,262

LOW

$2.25

TARGET
$2.59 12.1% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
DXI: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 23.5 17.0 xxx
DPS (cps) xxx 16.6 16.6 xxx
EPS Growth xxx - 11.5% - 27.9% xxx
DPS Growth xxx 1.2% 0.0% xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 7.2% xxx
Div Pay Ratio(%) xxx 70.6% 97.9% xxx

Dividend yield today if purchased 3 years ago: 6.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.22

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/09 - (franking ex-div 4.15c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx23.5
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx66.0 M
Book Value Per Share xxxxxxxxxxxxxxx345.8
Net Operating Cash Flow xxxxxxxxxxxxxxx45.9 M
Net Profit Margin xxxxxxxxxxxxxxx112.85 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx6.92 %
Return on Invested Capital xxxxxxxxxxxxxxx5.17 %
Return on Assets xxxxxxxxxxxxxxx5.04 %
Return on Equity xxxxxxxxxxxxxxx6.92 %
Return on Total Capital xxxxxxxxxxxxxxx3.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-20.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx377 M
Total Debt xxxxxxxxxxxxxxx378 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5 M
Price To Book Value xxxxxxxxxxxxxxx0.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx14.3 M
Capex % of Sales xxxxxxxxxxxxxxx21.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx18 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-2 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,020 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

04/09/2026

3

Hold

$2.35

1.73%

Morgans sees Dexus Industria REIT's FY26 as "solid" albeit FY27 guidance failed to meet market expectations with funds from operations expected to fall by -3.4% y/y.

This is attributed to the cycling of the sale of its high-yielding suburban office assets as well as higher interest rates. The analyst notes distributions in FY27 are flagged to remain at 16.6c per share.

Target price slips -4% to $2.35 due to the lower FY27 guidance. Hold rating retained.

FORECAST
Morgans forecasts a full year FY27 dividend of 16.60 cents.
Morgans forecasts a full year FY28 dividend of 16.90 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

13/08/2026

1

Buy

$3.30

42.86%

Dexus Industria REIT has downgraded FY27 earnings as a function of one-off hedge book restructure, with benefits beyond FY28. 

The REIT's operating performance remains solid, Moelis suggests, with 5.3% net operating income growth in FY26, further embedded under-renting to come, and an earnings-accretive development pipeline out to FY30 with a marginal yield on cost estimated above 8%.

The share price is down -19% in the past year, having underperformed sector peers. It now trades at a -31% discount to NTA, and an implied cap rate of 7.6%. Moelis considers the stock to be attractively valued and highly compelling at current levels.

Buy and $3.30 target retained.

FORECAST
Moelis forecasts a full year FY27 dividend of 16.60 cents and EPS of 17.00 cents.
Moelis forecasts a full year FY28 dividend of 17.30 cents and EPS of 18.20 cents.
Access Extra Coverage Research History >

DXI STOCK CHART

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Aug 13 2026 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 12-10-2026

Oct 12 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 06-10-2026

Oct 06 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 29-09-2026

Sep 29 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 22-09-2026

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5
Treasure Chest: Abacus Group

Sep 22 2026 - Treasure Chest
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Sep 18 2026 - Feature Stories
7
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Sep 14 2026 - Weekly Reports
8
Australian Listed Real Estate Tables – 07-09-2026

Sep 07 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 31-08-2026

Aug 31 2026 - Weekly Reports
10
Business As Usual For Charter Hall

Aug 26 2026 - Australia