Dexus Convenience Retail REIT (DXC) - Net Assets

Latest as of December 2025: AU$523.29 Million AUD ≈ $370.26 Million USD

Based on the latest financial reports, Dexus Convenience Retail REIT (DXC) has net assets worth AU$523.29 Million AUD (≈ $370.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$771.56 Million ≈ $545.93 Million USD) and total liabilities (AU$248.27 Million ≈ $175.67 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See Dexus Convenience Retail REIT (DXC) net asset quality to measure how much of total assets are equity-financed.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$523.29 Million
% of Total Assets 67.82%
Annual Growth Rate 9.85%
5-Year Change 10.72%
10-Year Change N/A
Growth Volatility 88.81

Dexus Convenience Retail REIT - Net Assets Trend (2016–2025)

This chart illustrates how Dexus Convenience Retail REIT's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see DXC market cap overview.

Annual Net Assets for Dexus Convenience Retail REIT (2016–2025)

The table below shows the annual net assets of Dexus Convenience Retail REIT from 2016 to 2025. Also explore DXC year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-06-30 AU$501.84 Million
≈ $355.09 Million		 +2.23%
2024-06-30 AU$490.92 Million
≈ $347.35 Million		 -4.93%
2023-06-30 AU$516.38 Million
≈ $365.37 Million		 -6.88%
2022-06-30 AU$554.52 Million
≈ $392.36 Million		 +22.34%
2021-06-30 AU$453.27 Million
≈ $320.72 Million		 +26.14%
2020-06-30 AU$359.33 Million
≈ $254.25 Million		 +53.69%
2019-06-30 AU$233.79 Million
≈ $165.42 Million		 +3.30%
2018-06-30 AU$226.32 Million
≈ $160.13 Million		 +266.78%
2017-06-30 AU$61.70 Million
≈ $43.66 Million		 -71.37%
2016-06-30 AU$215.50 Million
≈ $152.48 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Dexus Convenience Retail REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 315.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$94.58 Million 18.85%
Common Stock AU$407.26 Million 81.15%
Total Equity AU$501.84 Million 100.00%

Dexus Convenience Retail REIT Competitors by Market Cap

The table below lists competitors of Dexus Convenience Retail REIT ranked by their market capitalization.

Company Market Cap
TUNGSTEN WEST PLC LS -01
F:540
 $626.33 Million
Riskified Ltd
NYSE:RSKD
 $626.70 Million
Adira Dinamika Multi Finance
JK:ADMF
 $626.83 Million
HomeTrust Bancshares, Inc.
NASDAQ:HTB
 $626.83 Million
Shinkong Textile Co Ltd
TW:1419
 $625.99 Million
Zhejiang Zoenn Design Co Ltd
SHE:300901
 $625.83 Million
Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd
SHE:300478
 $625.78 Million
Movida Participações S.A
SA:MOVI3
 $625.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Dexus Convenience Retail REIT's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 490,916,000 to 501,843,000, a change of 10,927,000 (2.2%).
  • Net income of 39,374,000 contributed positively to equity growth.
  • Dividend payments of 28,582,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$39.37 Million +7.85%
Dividends Paid AU$28.58 Million -5.7%
Other Changes AU$135.00K +0.03%
Total Change AU$- 2.23%

Book Value vs Market Value Analysis

This analysis compares Dexus Convenience Retail REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.77x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 1.77x to 0.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2016-06-30 AU$1.58 AU$2.80 x
2017-06-30 AU$0.89 AU$2.80 x
2018-06-30 AU$2.89 AU$2.80 x
2019-06-30 AU$2.96 AU$2.80 x
2020-06-30 AU$4.03 AU$2.80 x
2021-06-30 AU$3.83 AU$2.80 x
2022-06-30 AU$4.07 AU$2.80 x
2023-06-30 AU$3.75 AU$2.80 x
2024-06-30 AU$3.56 AU$2.80 x
2025-06-30 AU$3.64 AU$2.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Dexus Convenience Retail REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.85%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 70.37%
  • • Asset Turnover: 0.08x
  • • Equity Multiplier: 1.47x
  • Recent ROE (7.85%) is above the historical average (7.83%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2016 2.49% 79.39% 0.02x 1.43x AU$-16.18 Million
2017 7.64% 91.62% 0.05x 1.76x AU$-1.46 Million
2018 7.01% 60.02% 0.08x 1.52x AU$-6.76 Million
2019 10.27% 75.79% 0.09x 1.53x AU$621.60K
2020 12.75% 137.33% 0.07x 1.26x AU$9.87 Million
2021 16.29% 178.87% 0.06x 1.43x AU$28.49 Million
2022 14.90% 149.10% 0.06x 1.57x AU$27.19 Million
2023 -1.62% -14.11% 0.07x 1.55x AU$-60.02 Million
2024 0.69% 5.97% 0.08x 1.54x AU$-45.68 Million
2025 7.85% 70.37% 0.08x 1.47x AU$-10.81 Million

Industry Comparison

This section compares Dexus Convenience Retail REIT's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

  • Industry: REIT - Retail
  • Average net assets among peers: $6,962,897,286
  • Average return on equity (ROE) among peers: 6.10%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Dexus Convenience Retail REIT (DXC) AU$523.29 Million 2.49% 0.47x $626.03 Million
Carindale Property Trust (CDP) $569.84 Million 4.74% 0.44x $317.88 Million
Charter Hall Retail REIT (CQR) $117.24 Million 0.65% 0.64x $1.52 Billion
Homeco Daily Needs REIT (HDN) $933.10 Million 3.35% 0.49x $1.64 Billion
Region Group (RGN) $1.07 Billion 10.47% 0.57x $1.81 Billion
Scentre Group (SCG) $19.75 Billion 15.14% 0.72x $12.71 Billion
Unibail-Rodamco-Westfield (URW) $22.95 Billion 0.78% 1.38x $16.52 Billion
Vicinity Centres (VCX) $3.35 Billion 7.58% 0.65x $7.62 Billion

About Dexus Convenience Retail REIT

AU:DXC Australia REIT - Retail
Market Cap
$626.03 Million
AU$884.77 Million AUD
Market Cap Rank
#11197 Global
#283 in Australia
Share Price
AU$2.80
Change (1 day)
-1.41%
52-Week Range
AU$2.52 - AU$3.09
All Time High
AU$3.10
Categories
Companies in Australia REIT - Retail
About

Dexus Convenience Retail REIT is a listed Australian real estate investment trust. The firm owns high quality Australian service stations and convenience retail assets. At 31 December 2025, the fund's portfolio is valued at approximately 760 million dollar, is predominantly located on Australia's eastern seaboard and leased to leading Australian and international convenience retail tenants. The p… Read more