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Dexus Industria REIT

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Dexus Industria REIT 140 Sharps Rd, Tullamarine

Explore DXI

Dexus Industria REIT (ASX code: DXI) is a listed Australian real estate investment trust which is primarily invested in high-quality industrial warehouses. 

 

The fund’s portfolio is valued at $1.4 billion and is located across the major Australian cities, providing sustainable income and capital growth prospects for security holders over the long term. The fund has a target gearing range of 30 – 40%. Dexus Industria REIT is governed by a majority Independent Board and managed by Dexus (ASX code: DXS), a leading Australasian fully integrated real asset group, with four decades of expertise in real estate and infrastructure investment, funds management, asset management and development.

Real Assets

Research

Dexus Real Asset Quarterly Review

28 Apr 2025

Fund facts

Number of properties93
Portfolio value$1.4bn
Weighted average cap rate6.07%
Occupancy99.5%
WALE5.6 years
Gearing 27.7%
ASCEND Industrial Estate at Jandakot Airport, WA

ASCEND Industrial Estate at Jandakot Airport, WA

Amazon, ASCEND Industrial Estate at Jandakot Airport, WA

Amazon, ASCEND Industrial Estate at Jandakot Airport, WA

How to invest

Dexus Industria REIT is quoted on the Australian Securities Exchange:

 

 

Listed property fundDexus Industria REIT
ASX codeDXI
Dexus Asset Management LimitedFinancial Services Guide

 

As at 31 December 2024.

To invest in this Fund, you can purchase securities through a stockbroker or online broking facility. If you need assistance in setting up an account to trade, you may wish to refer to ASX Customer Service on 131 279 or visit their website.

Investor login

To login to your security holding, you will need your Security Reference Number (SRN) or your Holder Investment Number (HIN) and your registered postcode. If you have a CHESS sponsored holding (prefixed with an 'X') you may need to change some of your details through your broker.

 

Once logged in, you may be able to update personal details including your address, distribution payment instructions, tax details and communication options. You can also download your distribution and tax statements.

For security reasons, if a holding is valued at greater than $200,000 or relates to a deceased estate, you won't be able to update some details online. You'll need to download the relevant form from MUFG Corporate Markets a division of MUFG Pension & Market Services, (previously Link Market Services Limited). If you have any issues or are unable to login, please contact MUFG on 1800 819 675 or dexus@cm.mpms.mufg.com.

 

 

Your real asset partner of choice

Spanning infrastructure and real estate, real asset investing offers a variety of benefits for your portfolio, including diversification benefits, reduced volatility compared with equities and enhanced risk-adjusted returns for income-oriented investment portfolios.
 

With over 40 years of experience in real asset investment, funds management, asset management and development, Dexus has a proud history of creating long-term value for investors. It is our deep local sector expertise and active management approach that sets us apart, allowing us to anticipate local market and sector needs and drive long-term performance at every stage of the investment lifecycle.

Quay Quarter Tower 50 bridge street Sydney
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Asset portfolio


The DXI portfolio is available to view on our page and filter for DXI properties.

 

DXI property synopsis

11 Feb 2025
Industrial
WA

ASCEND Industrial Estate

Jandakot stabilised portfolio

Perth, WA, 6155

Industrial
NSW

WesTrac

1-3 Westrac Drive

Newcastle, NSW, 2322

Industrial
Vic

Australis Drive

34 Australis Drive

Derrimut, Vic, 3030

Industrial
Vic

Maker Place

2 Maker Place

Truganina, Vic, 3029

Industrial
Qld

Brisbane Technology Park

Brisbane Technology Park, Central

Eight Mile Plains, Qld, 4113

Industrial
Qld

Boron Street

9 Boron Street

Narangba, Qld, 4504

Industrial

Butler Boulevard

20-22 Butler Boulevard

Adelaide Airport, SA, 5950

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ASX announcements

  1. All
  2. Reports and presentations
  3. Distributions
  4. Shareholder notices

Year

Dexus Industria REIT 2024 Annual General Meeting

Dexus Industria REIT held its 2024 Annual General Meeting on Thursday, 21 November 2024.

 

If you were unable to attend the meeting, a recording of the meeting is available below for your convenience.

 

Results of the meeting

In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, Dexus Industria REIT (DXI) advises the outcome of each resolution put to the Annual General Meeting held today, 21 November 2024.

 

The following resolutions were passed on a poll:

  • Resolution 1 Adoption of the Industria Company No. 1 Ltd Remuneration Report
  • Resolution 2 Re-election of Director – Jonathan Sweeney
  • Resolution 3 Election of Executive Director – Melanie Bourke
  • Resolution 4 Appointment of auditor

 

You can view the DXI AGM recording by clicking the link below.

Downloads

 

Virtual meeting online guide

2024 IC1 Accounts

Question form

Voting form

2024 Annual Report

Notice of meeting

Security price

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Notice of reliance on ASIC Instrument 2023/693

Dexus Asset Management Limited (ABN 60 080 674 479, AFSL 237500), as responsible entity of Industria Trust No. 1 (ARSN 125 862 875) and Industria Trust No. 2 (ARSN 125 862 491), confirms that it relies on ASIC Instrument 2023/693. The abovementioned ASIC Instrument applies to Industria Trust No. 3 (ARSN 166 150 938) and Industria Trust No. 4 (ARSN 166 163 186) automatically, given these became registered schemes after 30 September 2013.

Security Registry

MUFG Corporate Markets*  

Address:  Locked Bag A14, Sydney South NSW 1235, Australia
Tel:  +61 1800 819 675
Fax:  +61 2 9287 0303
Email:  dexus@cm.mpms.mufg.com
Website: https://au.investorcentre.mpms.mufg.com

* (previously Link Market Services Limited)

 

Distribution information

Dexus Industrial REIT (DXI) pays distributions four times a year for the quarters ending March, June, September and December. Distribution and tax details are provided for resident security holders on the basis that you are an Australian resident individual and you hold your DXI securities on capital account. While every care has been taken in the preparation of this information, DXI does not provide taxation advice and this information does not constitute personal advice. If you have any doubts about your tax position, or if you require any further information about your tax affairs or the completion of an Australian Income Tax Return, you should consult your professional adviser without delay.

 

 

Tax file number

You are not required by law to provide us with your Tax File Number (TFN), Australian Business Number (ABN) or Exemption. However, if you do not provide them, then withholding tax at the highest marginal rate may be deducted from your distributions.

 

 

Unclaimed monies

If you have not received your distribution income, please contact MUFG Corporate Markets or use the Investor login facility to provide your bank account details. Once updated, payments are normally made within 20 business days.

 

 

Distribution history

PeriodDistribution CPUPayment Date
Quarter ended 31 March 20254.1015-May-25
Quarter ended 31 December 20244.1020-Feb-25
Quarter ended 30 September 20244.1014-Nov-24
Quarter ended 30 June 20244.1022-Aug-24
Quarter ended 31 March 20244.1016-May-24
Quarter ending 31 December 20234.1022-Feb-24
Quarter ending 30 September 20234.109-Nov-23
Quarter ending 30 June 20234.1024-Aug-23
Quarter ending 31 March 20234.1019-May-23
Quarter ending 31 December 20224.1023-Feb-23
Quarter ending 30 September 20224.1010-Nov-22
Quarter ending 30 June 20224.32523-Aug-22
Quarter ending 31 March 20224.32513-May-22
Quarter ending 31 December 20214.325 4-Feb-22
Quarter ending 30 September 20214.3255-Nov-21
Quarter ending 30 June 20214.3520-Aug-21
Quarter ending 31 March 20214.357-May-21
Quarter ending 31 December 20204.35-Feb-21
Quarter ending 30 September 20204.36-Nov-20
Quarter ending 30 June 20204.1521-Aug-20
Quarter ending 31 March 20204.3758-May-20
Quarter ending 31 December 20194.3757-Feb-20
Quarter ending 30 September 2019
4.3758-Nov-19
Quarter ending 30 June 20194.2523-Aug-19
Quarter ending 31 March 20194.2510-May-19
Quarter ending 31 December 20184.258-Feb-19
Quarter ending 30 September 20184.259-Nov-18
Quarter ending 30 June 20184.224-Aug-18
Quarter ending 31 March 20184.111-May-18
Quarter ending 31 December 20174.19-Feb-18
Quarter ending 30 September 20174.110-Nov-17
7 months ending 30 June 20149.5429-Aug-14
Half year ending 30 June 20178.031-Aug-17
Half year ending 31 December 20168.028-Feb-17
Half year ending 30 June 20168.031-Aug-16
Half year ending 31 December 20157.529-Feb-16
Half year ending 30 June 20157.8428-Aug-15
Half year ending 31 December 20148.3627-Feb-15

 

 

Fund payment notices

Managed Investment Trusts like Dexus Industria REIT are required to provide specific information about their distributions to assist custodians to determine the amount of Australian withholding tax to deduct from on payment to investors. 

Tax information

Dexus Industria REIT (DXI) (formerly APN Industria REIT) was established and listed on the Australian Securities Exchange on 3 December 2013.

DXI is a stapled group and that means that each DXI Security comprises a unit or a share in each of the entities below that are stapled together, so that an individual unit or share in the entities may not be transferred or dealt with without the others.

  • Industria Trust No. 1
  • Industria Trust No. 2
  • Industria Trust No. 3
  • Industria Trust No. 4
  • Industria Company No. 1 Limited

 

For Australian tax purposes the consequences of amounts paid to security holders on their DXI Securities and the consequences of a sale of their DXI Securities requires an analysis of what is happening in respect of each of the four stapled units and one stapled share that make up a DXI Security.

 

Dexus Industria REIT pays distributions quarterly. The Australian tax components of the distributions received each financial year and guidance for Australian tax payers about how to record the distributions received in their tax returns are described in the Attribution Managed Investment Trust Member Annual Statements.

 

Components of your distributions are available below:

DXI

FY24 Tax summary

DXI

FY23 Tax summary

DXI

FY22 Tax summary

DXI

2021 - 2014 Tax summaries

Tax cost base information

The Australian tax consequences of the sale or other disposal of a DXI Security and the allocation of any Attribution Managed Investment Trust (AMIT) cost base net amount – excess/shortfall (as detailed on the annual Taxation Component Statement) will typically depend on the cost base that the security holder has in their DXI Securities.

 

This cost base needs to be determined in respect of each of the entities that make up each stapled DXI Security and this needs to be done in respect of the various tranches of DXI Securities the security holder has.

 

  • Security holders that acquired their DXI Securities as a result of participating in the 2013 IPO will have a cost base as outlined here.
  • Security holders who invested in Australand Wholesale Property Fund 6 (AWPF6) and elected to retain securities, will be required to allocate your existing cost base of AWPF6 across each entity comprising Dexus Industria REIT. Download the information here.

 

Security holders that have acquired DXI Securities since the 2013 IPO need to set the cost base they have by allocating the cost of each DXI Security over the separate assets that make up the stapled securities on a reasonable basis. The way this can be done, as well as the allocation of sale proceeds (to calculate any taxable gain on sale), is to apply a Net Asset Value approach in respect of the 5 stapled entities using the following information:

 

 

Date

Industria

Trust No. 1

Industria

Trust No. 2

Industria

Trust No. 3

Industria

Trust No. 4

Industria

Company No. 1

31 December 202475.08%3.66%1.92%3.32%16.02%
30 June 202476.55%3.76%2.38%1.43%15.88%
31 December 202377.47%3.67%2.57%0.72%15.57%
30 June 202376.61%3.55%2.77%1.88%15.19%
31 December 202277.18%3.70%2.68%1.74%14.70%
30 June 202278.27%4.25%1.82%1.70%13.96%
31 December 202177.60%4.56%1.89%2.51%13.44%
30 June 202176.14%4.99%2.92%2.28%13.67%
30 June 202073.89%5.66%3.61%2.20%14.64%
30 June 201971.82%6.32%4.12%2.48%15.26%
30 June 201872.44%6.40%4.20%2.74%14.22%
30 June 201770.57%7.10%4.52%3.40%14.41%
30 June 201667.27%7.37%7.20%3.67%14.49%
30 June 201566.16%7.13%6.53%4.66%15.52%
30 June 201465.92%7.93%7.31%3.99%14.85%

Distribution reinvestment plan

Dexus Industria REIT (DXI) provides eligible shareholders the option of participating in a Distribution Reinvestment Plan (DRP) which allows security holders to automatically reinvest distributions into additional securities rather than receiving cash.

The DRP is not active for the March 2025 quarter distribution.

 

 

DRP Overview

Participation in the DRP is optional. To participate, the registered address of the security holding must be either in Australia or New Zealand. There is currently no minimum or maximum number of securities required for participation.

Benefits of security holders participating in the DRP include:

  • Distributions may be reinvested to receive additional securities without paying brokerage or other transaction costs.
  • A discount to the trading price may be received on securities acquired under the DRP (at the discretion of Directors).

The Directors have the discretion to determine whether a discount will apply and, if so, the level of discount offered (subject to a maximum 10% discount threshold as specified in the DRP rules).

Positive cash balances on DRP accounts are carried forward and applied to the next distribution paid by the DXI.

Eligible security holders may elect to participate in the DRP in respect of all or part of their holding and, subject to the terms of the DRP, may vary their level of participation or withdraw from the DRP at any time.

 

 

Further Information

The DRP Terms and Conditions provides the rules governing the plan, whereas the Q&A booklet provides answers to frequently asked questions relating to the DRP.

If you wish to participate, you are may either:

  • complete the DRP Election Form and forward it to:

    MUFG Corporate Markets
    Locked Bag A14
    Sydney South NSW 1235 Australia
  • or, if the market value of your holding is less than $50,000, you can complete the DRP Election Form electronically by logging into your holding on the MUFG Corporate Markets Investor Centre website

Further assistance is available by telephoning the Registry on +61 1800 819 675 or by email dexus@cm.mpms.mufg.com.

Separate Election Forms are required for each registered holding.

Dexus Industria REIT recommends security holders read the DRP rules carefully before determining whether to participate in the DRP.

Periodic statements

Periodic Statement information as at 30 June 2024

Dexus Industria REIT, in compliance with the Corporations Act and Corporations Regulations, is required to send a Periodic Statement to all security holders who are on the register at 30 June of each year.

 

Periodic Statements provide information including the opening and closing balances of your investment, changes to your investment, management costs (including fees charged), the return on investment, as well as changes in circumstances that may affect your investment.

 

Fees and costs

Fees and costs are not charged directly to Dexus Industria REIT security holders, however they represent fees and costs incurred by Dexus Industria REIT security holders recognised by Dexus Industria REIT as an expense in its Income Statement for the period.

 

They include costs such as registry, custody, accounting, other administrative costs and transactional costs. They do not include costs that would be incurred if an investor invested directly into Dexus's assets (e.g. development or property management fees).

 

Additional information regarding Dexus's financial and operational performance (including in relation to applicable investment objectives) is available in Dexus Industria REIT's financial statements for the financial year ended 30 June 2024. Attribution Managed Investment Trust Annual Member Statements (tax statements) are mailed each year in August. If you have not received your tax statement, please login to your security holding to download your tax statement or contact us using the details below. Dexus Asset Management Limited is a member of the Australian Financial Complaints Authority (AFCA), an independent dispute resolution service.

Key events

HY25 Results Briefing

HY25 Results Briefing

12 February 2025 Dexus Industria REIT held its HY25 results briefing.

FY24 Results briefing

FY24 Results briefing

14 August 2024 Dexus Industria REIT FY24 results briefing

FY23 Results briefing

FY23 Results briefing

09 August 2023 Dexus Industria REIT FY23 results briefing.

2024 Annual General Meeting

2024 Annual General Meeting

21 November 2024 Dexus Industria REIT held its 2024 Annual General Meeting on 21 November 2024.

HY24 Results briefing

HY24 Results briefing

07 February 2024 Dexus Industria REIT 2024 Half Year Results

HY23 Results briefing

HY23 Results briefing

08 February 2023 Dexus Industria REIT HY23 results briefing.

Key dates

 

 

Distribution ex-date27 June 2025
Distribution record date30 June 2025
FY25 results briefing13 August 2025
June 2025 distribution paymentAugust 2025
Annual General Meeting 202520 November 2025

Contact us

For more information on Dexus listed vehicles (DXS, DXI and DXC), please contact us using the buttons below or call:

 

Retail investor enquiries: 1800 819 675

 

Institutional investor enquiries: +612 9017 1330

Disclaimers and Important Information

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All data as at 31 December 2024 unless otherwise specified.

 

All information contained on this website (“Information”) is subject to change without notice. While every care has been taken in the preparation of the Information, to the extent permitted by law, Dexus (ASX: DXS), its related body corporates and each of their respective directors, officers and employees do not make any representation or warranty, express or implied, as to the accuracy, currency, reliability or completeness of any statement in it, including, without limitation, any forecasts, and do not guarantee the repayment of capital, or the performance of or any particular rate of return for the Dexus fund referred to on this website.  Past performance is not a reliable indicator of future performance. 

 

The Information has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the Information, and seek professional advice, having regard to their objectives, financial situation and needs.

 

Dexus Industria REIT (ASX: DXI) (the “Fund”) comprises Industria Company No. 1 Limited (ACN 010 794 957) (“IC1”) and four registered schemes, Industria Trust No. 1 (ARSN 125 862 875), Industria Trust No. 2 (ARSN 125 862 491), Industria Trust No. 3 (ARSN 166 150 938) and Industria Trust No. 4 (ARSN 166 163 186) (together, the “Schemes”). Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) (the “Responsible Entity”) is the Responsible Entity of the Schemes and, along with IC1, the issuer of stapled securities in the Fund. The Responsible Entity is a wholly owned subsidiary of Dexus (ASX: DXS).

 

The Information should not be considered to be comprehensive or to comprise all the information which a potential investor may require in order to determine whether to invest in the Fund. The Information is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

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