• 30 of 91 assets externally valued, remaining subject to internal valuations
• Estimated net valuation uplift of circa $20.2 million, representing a 2.7% increase
• Weighted average capitalization rate tightened 9 basis points to 6.23%

Dexus Convenience Retail REIT (ASX:DXC) today announced that 30 of its 91 assets have been externally valued for the six months to 31 December 2025, with the remainder subject to internal valuations. The external and internal valuations have resulted in an estimated net valuation uplift of circa $20.2 million for the six months to 31 December 2025, representing a 2.7% increase on book values. On a like-for-like basis, the weighted average capitalisation rate across the total portfolio tightened nine basis points over the six months from 6.32% at 30 June 2025 to 6.23% at 31 December 2025. DXC Fund Manager, Pat De Maria, stated that the portfolio continues to increase in value supported by cap rate compression, ongoing strength in the transaction market, and steady contractual rental growth. He added that strong demand for stable, income generating assets positions DXC well for future growth. Further details on the final portfolio valuations will be included in DXC's HY26 results, which will be released on 9 February 2026.