Dexus Convenience Retail REIT (ASX:DXC) has divested three assets for a total of $15.4M and shared updates on its portfolio valuations.

The company said the divestments are in line with its strategy to strengthen its balance sheet and reduce exposure to regional assets and older tank technology.

It also said that throughout FY23, total sales reached $40.8M.

Dexus added that 57 of its 105 assets have undergone external valuations, resulting in an estimated net devaluation of around $23.7M, and the final valuations and FY23 results will be released on 7 August 2023.