• Strong capital position with 2.9% like-for-like income growth and 3.1% average rent review achieved
• On track to deliver FY26 guidance despite higher interest rate outlook
• Enhancing portfolio quality via strategic acquisitions and value-accretive developments

Dexus Convenience Retail REIT (DXC) reported a strong HY26 performance, with 2.9% like-for-like income growth, 3.1% average rent review achieved, and maintained high occupancy of 99.9%. The REIT is on track to deliver its FY26 guidance, despite the higher interest rate outlook. DXC's capital position remains robust, with gearing at the lower end of its 25-40% target range, enabling funding for its value-accretive development pipeline. The REIT continues to enhance its portfolio quality, agreeing to acquire approximately $35 million of fund-through developments to restock its pipeline. Key developments include the staged opening of the Glass House Mountains Northbound redevelopment and progressing the Southbound project. DXC's portfolio is strategically located, with 77% weighted to the eastern seaboard and 86% comprising metro and highway sites. The REIT's investment proposition is underpinned by its defensive and growing income, prudent capital structure, active portfolio management, and an aligned manager with deep real asset capability.

DXC is on track to deliver its FY26 FFO and distributions of 10.5 and 10.45 cents per security respectively.