APN Convenience Retail

Dexus Convenience Retail REIT confirmed the sale of three assets at discounts to book value and confirmed lower re-valuations on balance of portfolio.

Dexus Convenience Retail REIT (“DXC”) today announced that 25 of its 109 1 assets have been externally valued as at 31 December 2022, with the remainder subject to internal valuations.

The Dexus Convenience Retail REIT has continued to experience cap rate compression, boosting statutory profits by 11.9% while solid rental growth and acquisitions support 5.5% higher distributions.

Dexus Convenience REIT reveals net revaluation uplift of circa $14 million, representing a 1.7% increase on prior book values.

Dexus Convenience Retail REIT has sold two convenience fuel stations in QLD at prices above book value

Dexus Convenience Retail REIT (DXC) and Queensland developer De Luca Corporation have entered into a joint venture agreement to redevelop the Glass House Mountains dual service centres.

Dexus Convenience Retail REIT has exchanged contracts to acquire Glass House Mountains Dual Service Centre, QLD for $21.25 million (excluding transaction costs), representing a purchase yield of 4.9%.

Dexus Convenience Retail REIT (DXC) today announced its results for the half year ended 31 December 2021, confirming a distribution of 11.5 cents per security.

Dexus Convenience Retail REIT announces that it has acquired or exchanged contracts to acquire two purpose-built, modern metropolitan convenience retail properties in Queensland, comprising Puma Chandler (Chandler) and BP Brendale (Brendale).

The APN Convenience Retail REIT has exchanged contracts to acquire Warrego Highway Travel Centre, QLD and conditionally exchanged contracts to acquire Dubbo Service Centre, NSW for a combined $24m.

The APN Convenience Retail REIT announced today the draft valuation results as at 30 June 2021, revealing a 7.9% increase in values compared to December 2020.

The APN Convenience Retail REIT has agreed to acquire a portfolio of six Fuel & Convenience properties in South Australia on a sale and leaseback with OTR, collectively for $35.5 million

Dexus today announces that it has agreed terms to acquire all of the units in the APN Property Group in a deal covering $3 Billion of real estate assets.

The APN Convenience Retail REIT has agreed to acquire a portfolio of six service station and convenience retail properties located in Queensland collectively for $59 million, representing an average purchase yield of 5.50%.

The APN Convenience Retail REIT has completed a lease renewal with EG Group for all 13 sites across their portfolio.