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Dexus Convenience Retail REIT (DXC) Fair Value & Analysis

Real Estate · AU · Market cap A$351M

DC Dexus Convenience Retail REIT DXC · AU
PriceA$2.65
Fair ValueA$3.21
Upside+21.1%
Quality95/100
Evidence: High Range A$2.30 – A$4.87

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −1.1% over the past month.

Price vs Fair Value (12 months)

A$3.00 A$2.58 Fair Value A$3.21 Jun 2025 Jun 2026

12‑month range A$2.58 – A$3.00 · fair‑value band A$2.30 – A$4.87 · the A$2.65 price screens below the A$3.21 fair value. As of Jun 26, 2026.

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Analysis

Dexus Convenience Retail REIT (DXC) currently trades at A$2.65, while our model-based Fair Value estimate is A$3.21 — implying the stock looks roughly 21.1% undervalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Dexus Convenience Retail REIT generated revenue of A$54.3M at a net margin of 34.2%. Revenue declined 5.9% year over year. It earns a return on equity of 11.9%. Net debt stands at A$213M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$54.3M
Revenue growth (YoY) -5.9%
Net margin 34.2%
Return on equity 11.9%
Free cash flow A$27.1M FY2025
P/E ratio 5.8
More key figures
Operating margin 71.3%
EPS (TTM) A$0.4400
Dividend yield 8.3%
EPS growth (YoY) +154%
Net debt A$213M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Dexus Convenience Retail REIT is a listed Australian real estate investment trust. The firm owns high quality Australian service stations and convenience retail assets. At 31 December 2025, the fund's portfolio is valued at approximately 760 million dollar, is predominantly located on Australia's eastern seaboard and leased to leading Australian and international convenience retail tenants. The portfolio has a long lease expiry profile and contracts annual rent increases, delivering the fund a sustainable and strong level of income security. The fund has a conservative approach to capital management with a target gearing range of 25"40%. Dexus Convenience Retail REIT is governed by a majority Independent Board and managed by Dexus, a leading Australasian fully integrated real asset group with more than four decades of expertise in real estate and infrastructure investment, funds management, asset management, and development. Dexus Convenience Retail REIT was established on July 27, …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dexus Convenience Retail REIT reported revenue of A$56.0M in FY2025 versus A$41.3M in FY2021, a compound +7.9%/yr. Reported net income was A$39.4M in FY2025, compounding −14.5%/yr from FY2021.

Revenue +7.9%/yr
FY21 A$41.3M
FY22 A$55.4M
FY23 A$59.4M
FY24 A$57.1M
FY25 A$56.0M
Net income −14.5%/yr
FY21 A$73.8M
FY22 A$82.6M
FY23 −A$8.4M
FY24 A$3.4M
FY25 A$39.4M

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Similar stocks

6 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Simon Property Group SPG $222.15 $86.11 -61%
Realty Income Corporation O 1,055 MXN 664.56 MXN -37%
Unibail-Rodamco-Westfield SE UNBLF $117.90 $115.29 -2%
Kimco Realty Corporation KIM $24.69 $14.74 -40%
Scentre Group STGPF $2.73 $2.40 -12%
CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF $1.86 $1.03 -45%

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Frequently asked questions

Is Dexus Convenience Retail REIT (DXC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$3.21 versus a price of A$2.65 — about +21% (undervalued). Model-based estimate, not financial advice.
What is the fair value of DXC?
Our 21-model fair value for Dexus Convenience Retail REIT is A$3.21 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$2.65.
What is the quality score of DXC?
Dexus Convenience Retail REIT has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Dexus Convenience Retail REIT (DXC)?
Dexus Convenience Retail REIT reported trailing-twelve-month revenue of about A$54.3M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of DXC?
The net profit margin of Dexus Convenience Retail REIT is about 34.2%, meaning it keeps roughly 34.2% of revenue as net income. Based on the latest reported figures.
Does Dexus Convenience Retail REIT pay a dividend?
Dexus Convenience Retail REIT currently shows a dividend yield of about 8.25% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.