DXC Announces Asset Divestment at Premium
Key points
- DXC divests three assets for $8 million
- Sale at 1.4% premium to book value
- Proceeds to be reinvested in security buy-back
- Settlements expected in July and August 2026
Full summary
Dexus Convenience Retail REIT (DXC) has announced the divestment of three assets for a total of $8.0 million, representing an average 1.4% premium to their book values as of 31 December 2025. The settlements for the assets are expected in mid-July and mid-August 2026. Pat De Maria, DXC Fund Manager, highlighted that these divestments reflect strong demand for convenience retail assets and will improve portfolio quality. The proceeds will be reinvested in an on-market security buy-back to enhance value for existing securityholders.
Guidance
None
Outlook
None
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