DEXUS INDUSTRIA REIT (DXI)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DXI

DXI - DEXUS INDUSTRIA REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 7.49
Index: ASX300 | ALL-ORDS

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.48

28 Jul
2026

0.030

OPEN

$2.42

1.22%

HIGH

$2.50

340,841

LOW

$2.42

TARGET
$2.657 7.1% 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 . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
DXI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 26.5 17.4 xxx
DPS (cps) xxx 16.4 16.6 xxx
EPS Growth xxx N/A - 34.6% xxx
DPS Growth xxx 0.0% 1.4% xxx
PE Ratio xxx N/A 14.3 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 61.8% 95.8% xxx

Dividend yield today if purchased 3 years ago: 5.90%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.59

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: 29/06 - (franking ex-div 4.15c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx26.5
DPS All xxxxxxxxxxxxxxx16.4
Sales/Revenue xxxxxxxxxxxxxxx75.1 M
Book Value Per Share xxxxxxxxxxxxxxx337.3
Net Operating Cash Flow xxxxxxxxxxxxxxx50.6 M
Net Profit Margin xxxxxxxxxxxxxxx112.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.99 %
Return on Invested Capital xxxxxxxxxxxxxxx6.09 %
Return on Assets xxxxxxxxxxxxxxx5.93 %
Return on Equity xxxxxxxxxxxxxxx7.99 %
Return on Total Capital xxxxxxxxxxxxxxx3.42 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx354 M
Total Debt xxxxxxxxxxxxxxx355 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3 M
Price To Book Value xxxxxxxxxxxxxxx0.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx10.4 M
Capex % of Sales xxxxxxxxxxxxxxx13.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx20 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx972 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

0.3

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

14/07/2026

1

Outperform

$2.83

14.11%

Macquarie reviews the June quarter commercial property data, noting market fundamentals for industrial remain soft.

Incentives continue to rise in Sydney and Brisbane, weighing on effective rent growth.

Global uncertainty is also expected to delay future relocation decisions. The broker's preference is for Dexus Industria REIT and an Outperform rating and $2.83 target are maintained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 16.60 cents and EPS of 17.40 cents.
Macquarie forecasts a full year FY27 EPS of 17.80 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
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

21/07/2026

1

Buy

$3.30

33.06%

Moelis maintains a Buy rating for Dexus Industria REIT while lowering its target price to $3.30 from $3.38 following slight reductions to medium-term earnings estimates driven by higher interest rate assumptions.

The analyst highlights that while the portfolio sits closer to current market rent compared to peers, material under-renting is still expected to be unlocked through upcoming lease expiries.

Additional earnings drivers include an accretive share buyback program under which 1.5% of shares on issue have been acquired at an average net tangible asset discount of 29%.

Commentary highlights the stock trades at an attractive discount to its net tangible assets alongside an appealing forecast dividend yield.

FORECAST
Moelis forecasts a full year FY26 dividend of 16.60 cents and EPS of 17.40 cents.
Moelis forecasts a full year FY27 dividend of 16.70 cents and EPS of 17.60 cents.
Access Extra Coverage Research History >

DXI STOCK CHART

FNArena News on DXI

1
Weekly Ratings, Targets, Forecast Changes – 24-07-26

Jul 27 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 21, 2026

Jul 21 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
4
A-REITs: Debt And RBA Hikes vs Solid Momentum

Mar 12 2026 - Australia
5
Australian Broker Call *Extra* Edition – Feb 18, 2026

Feb 18 2026 - Daily Market Reports

Latest REITs News

1
Australian Listed Real Estate Tables – 27-07-2026

Jul 27 2026 - Weekly Reports
2
Australian Listed Real Estate Tables – 20-07-2026

Jul 20 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 13-07-2026

Jul 13 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 06-07-2026

Jul 06 2026 - Weekly Reports
5
Treasure Chest: Stockland Group

Jul 01 2026 - Treasure Chest
6
Australian Listed Real Estate Tables – 29-06-2026

Jun 29 2026 - Weekly Reports
7
Australian Listed Real Estate Tables – 22-06-2026

Jun 22 2026 - Weekly Reports
8
Australian Listed Real Estate Tables – 15-06-2026

Jun 15 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 10-06-2026

Jun 10 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 02-06-2026

Jun 02 2026 - Weekly Reports