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← CockpitCompetitor Analysis › DXI.AX Dexus Industria REITOpen in the cockpit ↗

Dexus Industria REITDXI.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts
Momentum strong 66
Mkt cap
$525M
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$889,033
20-day average traded
P/B
0.71×
price to book
ROE
6.9%
delivered
Implied ROE
9.3%
what the price asks
Next earnings
102 days
16 Feb 2027
Close · AUDA$2.47
1D+0.8%
1W+2.9%
1M+7.4%
3M+0.4%
6M+2.9%
YTD-8.2%
1Y-11.8%
ATR %2.0%
52w lowhigh13.0% off high

What Dexus Industria REIT does

Employees: 0

Dexus Industria REIT at a glance

Size Dexus Industria REIT (DXI.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $525M, the 258th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.47 on 6 Nov 2026.

Performance Over six months the shares gained 2.9%, against -6.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue fell 12.2% over the last twelve months (peer median +7.1%); the operating margin is 74.8% (peer median 41.6%).

Valuation It trades at 0.71× book value against a peer median of 0.80× (9th cheapest of 21).

Price implies The share price implies a return on equity of about 9.3%; Dexus Industria REIT delivers 6.9%, so the price asks more than the business earns today.

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

909510010511 May 202611 Aug 20266 Nov 2026DXI.AX 102Peer median 93
Six months, rebased to 100: Dexus Industria REIT against the median of its 20 peers (local-currency closes).

Dexus Industria REIT financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$66.0MA$66.0MA$75.1MA$82.2MA$79.6M
Revenue growth—-12%-9%+3%—
Gross profitA$47.4MA$47.6MA$55.3MA$63.0MA$59.1M
EBITDAA$49.3MA$49.5MA$47.3MA$54.9MA$57.0M
Net incomeA$74.4MA$74.4MA$84.2M-A$11.8MA$268,000
Free cash flowA$31.6MA$31.6MA$40.2MA$50.6MA$55.1M
Capital expenditureA$14.3MA$14.3MA$10.4MA$8.27MA$6.85M
Total debtn/aA$378MA$355MA$303MA$414M

Quarterly statements and history in the cockpit →

Dexus Industria REIT competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%RFF8977ADAM365550TRTXABGAP-UN180203SREIBDNAPR-UN293940GOODMRG-UNMHC-UN180305FVRYTSTDXI.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Dexus Industria REIT is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%10×20×30×RFF8977ADAM365550TRTXABGAP-UN180203UHTCREISREIBDNAPR-UN293940GOODMRG-UNMHC-UNYTSTDXI.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Dexus Industria REIT is the large dot.

Capital: ROE delivered against the ROE the price implies

-20%-10%0%10%20%-20%0%20%RFF8977ADAM365550ABGAP-UN180203UHTCREISREIBDNAPR-UN293940GOODMHC-UNDXI.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Dexus Industria REIT is the large dot.

Dexus Industria REIT competitors and peer comparison

How Dexus Industria REIT compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Dexus Industria REIT against its 20 peers (data as of 6 Nov 2026)
MeasureDXI.AXPeer medianRank in peer set
1-month return+7.4%+3.4%7th highest of 21
6-month return+2.9%-6.9%6th highest of 21
Return on equity6.9%4.4%7th highest of 21
Price / book0.71×0.80×9th cheapest of 21
Trailing P/E10.5×17.3×6th cheapest of 16
ROE the price implies9.3%6.3%5th most demanding of 21
ROE delivered6.9%4.4%7th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%7%0.71×9.3%6.9%
Rural Funds RFF.AXAustralia$532M-1%+7%11%0.68×8.4%10.6%
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%5%0.97×4.3%5.3%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
Abacus ABG.AXAustralia$539M-13%-5%-5%0.55×7.0%-5.0%
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%-43%0.21×4.3%-43.5%
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%2%1.21×3.8%2.4%
Universal Health Realty Income Trust UHTUnited States$544M-4%0%14%3.90×26.8%13.5%
Custodian Property Income REIT CREI.LUnited Kingdom$545M+1%+9%11%0.83×8.0%10.6%
Schroder Real Estate Investment Trust SREI.LUnited Kingdom$548M-6%+7%5%0.71×7.8%4.7%
Brandywine Realty Trust BDNUnited States$551M+4%+4%-19%0.85×10.1%-18.8%
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%6%0.37×4.9%5.5%
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%14%0.78×4.7%14.4%
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a1%1.01×5.1%1.2%
FrontView REIT FVRUnited States$566M+5%+9%0%1.03×10.5%0.4%
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%10%0.42×4.1%9.5%

Questions

Which companies are Dexus Industria REIT's closest peers?
The cockpit's peer set: Rural Funds (RFF.AX), Hankyu Hanshin REIT (8977.T), Adamas Trust (ADAM), ESR Kendall Square REIT (365550.KS), TPG RE Finance Trust (TRTX), Abacus (ABG.AX), Allied Properties Real Estate Investment Trust (AP-UN.TO), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ).
Is Dexus Industria REIT expensive compared with its peers?
On price / book it trades at 0.71× against a peer median of 0.80×, 9th cheapest of 21 in its peer set. The share price implies a return on equity of about 9.3%; Dexus Industria REIT delivers 6.9%, so the price asks more than the business earns today.
How has Dexus Industria REIT stock performed?
Over six months to 6 Nov 2026 the shares returned +2.9% against -6.9% for the median peer; over one year -11.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.