Dexus Industria REIT (OTCPK:DXSIF)

Half Year 2025 Dexus Industria REIT Earnings Call Transcript

Feb 11, 2025 / 11:00 PM GMT

Release Date Price: $1.78

Transcript

Key Points

Positve

Dexus Industria REIT (ASX:DXI) achieved a strong financial performance with a 5.7% increase in FFO per security compared to the previous half-year.
The portfolio boasts a high occupancy rate of 99.5%, supported by robust leasing momentum and successful development projects.
The REIT maintains a strong balance sheet with a low gearing ratio of 27.7%, providing flexibility for future investments.
The company achieved a net valuation uplift of $34 million, reflecting a 2.4% increase in property values.
Dexus Industria REIT (ASX:DXI) continues to integrate sustainability initiatives, maintaining carbon neutrality for scope 1 and 2 emissions and focusing on renewable energy and water conservation.

Negative

The second half of the year is expected to see a decrease in FFO per share by 4% compared to the first half, partly due to the impact of hedging book roll-off.
Development projects have experienced delays in leasing, impacting expected returns.
The Moorebank development's yield on cost target has been revised down to 6% due to market challenges.
The REIT faces challenges in sourcing acquisition opportunities that meet return requirements due to market pressures.
There is a potential increase in gearing towards the top end of the target range as the development pipeline progresses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DXI.AX - Dexus Industria REIT
Half Year 2025 Dexus Industria REIT Earnings Call
Feb 11, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Had.

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Unidentified_2 [2]
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Good morning. I'm Gordon Corky, fund manager of Dexas Industrial Re.

Thank you for joining us for the 2025 half year results presentation.

I'd like to begin today by acknowledging the traditional custodians of the many lands on which we operate and pay our respects to elders past and present.

Today, I'll discuss the excise investment proposition, key highlights, and financial results for the period. I'll also provide insights into our portfolio performance and what we are seeing in the market.

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