Dexus Convenience Retail REITASX:DXC +0.77%78 Return-on-Tangible-Equity is 13.99% as of Dec. 2025, which is 52% above its 10-year median of 9.18. GuruFocus rates ASX:DXC with a GF Score™ of 78/100 and a GF Value™ of A$2.57 (Fairly Valued). The stock has 7 warning signs investors should review. Among 935 REITs companies, Dexus Convenience Retail REIT ranks better than 80.21% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Dexus Convenience Retail REIT's annualized net income for the quarter that ended in Dec. 2025 was A$71.69 Mil. Dexus Convenience Retail REIT's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$512.57 Mil. Therefore, Dexus Convenience Retail REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 13.99%.
The historical rank and industry rank for Dexus Convenience Retail REIT's Return-on-Tangible-Equity or its related term are showing as below:
ASX:DXC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.57 Med: 9.18 Max: 18.17
Current: 11.97
During the past 8 years, Dexus Convenience Retail REIT's highest Return-on-Tangible-Equity was 18.17%. The lowest was -1.57%. And the median was 9.18%.
ASX:DXC's Return-on-Tangible-Equity is ranked better than 80.21% of 935
companies
in the REITs industry
Industry Median: 6.23
vs ASX:DXC: 11.97
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Dexus Convenience Retail REIT Return-on-Tangible-Equity Related Terms
Dexus Convenience Retail REIT Return-on-Tangible-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:DXC vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Dexus Convenience Retail REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dexus Convenience Retail REIT Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Dexus Convenience Retail REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Dexus Convenience Retail REIT's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.99% mean?
Dexus Convenience Retail REIT (ASX:DXC) has a Return-on-Tangible-Equity of 13.99% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dexus Convenience Retail REIT and its competitors. This is 52% above median its historical median of 9.18. According to the industry distribution chart, Dexus Convenience Retail REIT ranks #185 out of 935 companies in the REITs industry, placing it in the top 19.8%.
Is Dexus Convenience Retail REIT's Return-on-Tangible-Equity too high?
Dexus Convenience Retail REIT's current Return-on-Tangible-Equity of 13.99% is 52% above median its 10-year median of 9.18. The REITs industry median Return-on-Tangible-Equity is 6.23. Dexus Convenience Retail REIT's value of 13.99% is 124.6% above this industry median. Based on the distribution chart, Dexus Convenience Retail REIT ranks #185 out of 935 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dexus Convenience Retail REIT has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dexus Convenience Retail REIT's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Dexus Convenience Retail REIT ranks #185 out of 935 companies for Return-on-Tangible-Equity. This places Dexus Convenience Retail REIT in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.23. Dexus Convenience Retail REIT's value of 13.99% is 124.6% above this benchmark. While the company's 10-year median is 9.18 vs. the industry median of 6.23, Dexus Convenience Retail REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dexus Convenience Retail REIT's current Return-on-Tangible-Equity of 13.99% is 124.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Dexus Convenience Retail REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus Convenience Retail REIT's current Return-on-Tangible-Equity is 13.99%, which is 52% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexus Convenience Retail REIT stock overvalued right now?
Based on GuruFocus' analysis, Dexus Convenience Retail REIT (ASX:DXC) is currently considered Fairly Valued. The stock's GF Value™ is A$2.57, compared to a current price of A$2.62 — trading 1.9% above its estimated fair value. The current Return-on-Tangible-Equity is 13.99%, which is 52% above median its 10-year median of 9.18 and 124.6% above the REITs industry median of 6.23. Dexus Convenience Retail REIT's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Dexus Convenience Retail REIT (ASX:DXC), the current Return-on-Tangible-Equity is 13.99% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dexus Convenience Retail REIT (ASX:DXC) Overvalued in 2026?
Based on GuruFocus' analysis, Dexus Convenience Retail REIT stock appears to be overvalued.
The current stock price of A$2.62 is trading 1.9% above its estimated GF Value™ of A$2.57.
GuruFocus considers Dexus Convenience Retail REIT to be Fairly Valued.
Key valuation signals for ASX:DXC:
Return-on-Tangible-Equity: 13.99% (52% above median its 10-year median of 9.18)
GF Value™: A$2.57 vs. price of A$2.62 (1.9% above fair value)
Industry Position: 124.6% above the REITs median (#185 of 935)
No single metric tells the full story. See the ASX:DXC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dexus Convenience Retail REIT Business Description
Dexus Convenience Retail REIT is an Australian real estate investment trust. The company owns a portfolio of service stations and convenience retail assets located across Australia. The company derives all income from investments in properties located in Australia. The principal investment objective of the group is to invest in convenience retail properties that provide investors with a high and consistent income distribution that maintains its real value for the life of the group.
78GF Score
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