Dexus Industria REIT today announced that all of its 93 assets have been externally valued as at 30 June 2022.
The external independent valuations have resulted in a net valuation uplift of circa $11 million for the six months to 30 June 2022, or a 0.6% increase on prior book values. The valuation uplift excluding stamp duty costs is circa $26 million, representing a 1.5% increase.
The weighted average capitalisation rate across the total portfolio tightened five basis points over the six months from 5.09% at 31 December 2021 to 5.04% at 30 June 2022.
Alex Abell, DXI Fund Manager, said: “The valuation outcomes reflect the high-quality assets across the portfolio, which have continued to deliver solid performance, noting uncertainty in the macroeconomic environment.”
Further details on the portfolio’s final valuations for the period will be included in DXI’s 2022 annual results which will be released on Wednesday, 10 August 2022.
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