Dexus Industria REIT (ASX: $DXI) Financial Reporting Update

Dexus Industria REIT (ASX: $DXI) has released its financial reporting for the year ended 30 June 2024. The group has a Distribution Reinvestment Plan (DRP) in place, which is currently not open. Additionally, the announcement includes details of joint ventures, with Industria Trust No. 1 chosen as the deemed acquirer of the balance of the DXI stapled entities.

Executive Commentary

The Directors consider the Property Council of Australia's (PCA) definition of FFO to be a measure that reflects the underlying performance of the Group. FFO comprises net profit/loss after tax attributable to stapled security holders, calculated in accordance with Australian Accounting Standards and adjusted for various factors. The Group's target gearing band is 30 - 40%, providing sustainable income and capital growth prospects for security holders over the long term.

Summary of Dexus Industria REIT (ASX: $DXI) Announcement

Dexus Industria REIT (ASX: $DXI) has reported its financial results for the year ended 30 June 2024 and provided details of its Distribution Reinvestment Plan (DRP) and joint ventures. The Group's target gearing band of 30 - 40% aims to offer sustainable income and capital growth prospects for security holders over the long term. The announcement reflects the Group's commitment to transparent financial reporting and its focus on delivering value to its stakeholders.