• On track to deliver FY26 guidance with FFO and distributions of 10.5 and 10.45 cents per security
• Like-for-like income growth of 2.9% supported by average rent reviews of 3.1%
• High occupancy of 99.9% with a 7.6 year weighted average lease expiry
• Acquired two fund-through developments to expand pipeline and strengthen highway and metro exposure

Dexus Convenience Retail REIT (DXC) announced its results for the six months to 31 December 2025, confirming an interim distribution of 10.45 cents per security and reaffirming its previously provided FY26 guidance. The key highlights include being on track to deliver FY26 guidance with Funds From Operations (FFO) and distributions of 10.5 and 10.45 cents per security respectively, like-for-like income growth of 2.9% supported by average rent reviews of 3.1%, and maintaining high occupancy of 99.9% with a 7.6 year weighted average lease expiry. DXC also announced the strategic acquisition of two fund-through developments post 31 December 2025, which will increase its exposure to high-quality metro and highway convenience retail assets. The Glass House Mountains Northbound development is on track, with QSR tenancies now trading and the balance of the site due for completion in Q4 FY26. DXC's strong balance sheet with gearing of 29.8% provides funding capacity to undertake existing and recently secured development opportunities. The portfolio valuation uplift of $19.8 million supported a 4.4% increase in Net Tangible Assets (NTA) per security to $3.80.

Barring unforeseen circumstances, DXC reaffirms FY26 guidance for FFO and distributions of 20.9 cents per security, reflecting an attractive distribution yield of 7.7%.

DXC is well placed to deliver defensive and growing property income, with a focus on enhancing portfolio attributes that deliver income certainty and growth, preserving balance sheet flexibility, pursuing value-enhancing activities, and leveraging Dexus's capabilities across transactions, developments, asset management and treasury.