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Dexus Convenience Retail REIT (ASX: DXC) — Company Overview, News & Financial Data

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Company profile

Dexus Convenience Retail REIT

Dexus Convenience Retail REIT is an Australian real estate investment trust focused on owning and managing a portfolio of service station and convenience retail properties across Australia. Managed by Dexus Asset Management Limited, the fund invests primarily in highway and suburban service stations and quick-service restaurant sites leased to major fuel and convenience operators under long-term contracts. The portfolio is structured around defensive income streams supported by fixed or inflation-linked annual rental review mechanisms and high tenant covenant quality.

Snapshot

Public AUOwnership
1984Year founded
982Employees
Australia Square, AustraliaHead office
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Global footprint

Operations

Products and/or services of Dexus Convenience Retail REIT

  • Service station real estate: Acquisition and ownership of highway and suburban service station properties across Australia, featuring fuel distribution infrastructure and integrated convenience store facilities leased to major national and international energy retail brands.
  • Convenience retail assets: Portfolio ownership of standalone fast-food premises, drive-through food outlets, and localized convenience centers leased under long-term contracts to established quick-service restaurant operators and national retail enterprise networks.
  • Triple net leasing structures: Execution and management of long-term lease agreements where operating tenants shoulder major property outgoings, repair costs, and insurance obligations, preserving cash flow stability and recurring investment yield.
  • Contractual rent review mechanisms: Management of structured annual rental adjustment terms across tenant leases, incorporating fixed percentage increases or inflation-linked Consumer Price Index adjustments to support defensive and ongoing organic revenue expansion.
  • Property enhancement and redevelopments: Implementation of site expansion initiatives, tenant-driven site reconfigurations, and infrastructure modernizations across existing service station and convenience retail locations to maximize property value and operational capacity.
  • Portfolio acquisition and capital allocation: Active transaction execution involving the strategic acquisition of high-performing convenience retail assets, selective recycling of non-core properties, and capital management to optimize fund balance sheet efficiency.

Dexus Convenience Retail REIT executive team

  • Mr. Joseph Tindaro De Rango B.Com., M.A.I.C.D.Head of Finance & Real Estate Funds
  • Ms. Luke O'DonnellSenior Manager of Media and Communic-Dexus Asset Management Limited
  • Ms. Melanie Jane Bourke B.Com., M.B.A.Executive Director
  • Mr. Brett David Cameron B.A., L.L.B.Company Secretary & Alternate Director of Dexus Asset Management Limited
  • Mr. Scott D. Mahony FCIS, M.B.A.Company Secretary of Dexus Asset Management Limited
  • Mr. Jason WeateFund Manager