Dexus Industria REIT (ASX:DXI) has delivered a robust half-year performance for the period ended Dec. 31, 2025, characterised by organic income growth and a strategic portfolio pivot toward high-quality industrial assets.
Highlighting the company's operational momentum, management has upgraded its FY26 funds from operations guidance to 17.4 cents per security, while reaffirming a distribution guidance of 16.6 cents.
The REIT reported a statutory net profit of $43.4 million, a decrease from the prior year’s $53.7 million, primarily attributed to lower property valuation gains.
Despite a slight margin compression in funds from operations due to rising debt costs and the divestment of the Brisbane Technology Park, the portfolio demonstrated exceptional resilience.
DXI achieved a 7.4% like-for-like income growth, bolstered by a near-perfect occupancy rate of 99.7% and successful leasing activity covering over 55,000sqm.
Fund Manager Jason Weate emphasised the company’s "disciplined approach to capital allocation," noting that the recent acquisition of four industrial assets in Sydney and Melbourne infill markets aligns with DXI’s evolution into a focused industrial REIT.
The balance sheet remains a position of strength; with gearing at 26.2%—well below the 30–40% target range—and no debt expiries until FY28, the group is well-positioned to fund future growth initiatives.
At the time of reporting, Dexus Industria REIT's share price was $2.54.