Dexus Convenience Retail REIT (ASX:DXC) announced a robust set of interim results for the half-year ended Dec. 31, 2025, underpinned by a significant property valuation uplift and high portfolio occupancy.
The statutory net profit after tax soared to $35.8 million, a substantial increase from the $14.7 million reported in the prior corresponding period, primarily driven by a $19.8 million net revaluation gain.
The fund demonstrated operational resilience with occupancy maintained at 99.9% and a stable weighted average lease expiry of 7.6 years.
Funds from operations reached $14.5 million, or 10.5 cents per security, reflecting a 1.3% increase.
The growth was supported by a 2.9% rise in like-for-like rental income, fueled by average rent reviews of 3.1% across its portfolio of 91 investment properties.