Dexus Industria REIT
Dexus Industria REIT (ASX code: DXI) is a listed Australian real estate investment trust which is primarily invested in high quality industrial warehouses. On 30 June 2025, the fund's investment property portfolio is valued at $1.5 billion and is located across the major Australian cities, providing sustainable income and capital growth prospects for security holders over the long term. The fund … Read more
Dexus Industria REIT (DXI) - Net Assets
Latest net assets as of June 2025: AU$1.07 Billion AUD
Based on the latest financial reports, Dexus Industria REIT (DXI) has net assets worth AU$1.07 Billion AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.46 Billion) and total liabilities (AU$390.40 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.07 Billion |
| % of Total Assets | 73.27% |
| Annual Growth Rate | 13.18% |
| 5-Year Change | 53.88% |
| 10-Year Change | 309.77% |
| Growth Volatility | 22.92 |
Dexus Industria REIT - Net Assets Trend (2013–2025)
This chart illustrates how Dexus Industria REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dexus Industria REIT (2013–2025)
The table below shows the annual net assets of Dexus Industria REIT from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.07 Billion | +3.10% |
| 2024-06-30 | AU$1.04 Billion | -5.79% |
| 2023-06-30 | AU$1.10 Billion | -4.49% |
| 2022-06-30 | AU$1.15 Billion | +65.88% |
| 2021-06-30 | AU$695.42 Million | +24.64% |
| 2020-06-30 | AU$557.94 Million | +13.86% |
| 2019-06-30 | AU$490.02 Million | +11.38% |
| 2018-06-30 | AU$439.95 Million | +4.91% |
| 2017-06-30 | AU$419.36 Million | +60.58% |
| 2016-06-30 | AU$261.16 Million | +4.53% |
| 2015-06-30 | AU$249.84 Million | -0.11% |
| 2014-06-30 | AU$250.12 Million | +3.31% |
| 2013-06-30 | AU$242.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dexus Industria 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 1432.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$277.44 Million | 25.93% |
| Common Stock | AU$792.70 Million | 74.07% |
| Total Equity | AU$1.07 Billion | 100.00% |
Dexus Industria REIT Competitors by Market Cap
The table below lists competitors of Dexus Industria REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Best of Best Holdings Co. Ltd. A
SHE:001298
|
$469.91 Million |
|
Tessenderlo Group NV
PINK:TSDOF
|
$469.93 Million |
|
FERRETTI S.P.A. O.N.
F:F3T1
|
$470.06 Million |
|
Guangxi Radio and Television Information Network Corp Ltd
SHG:600936
|
$470.13 Million |
|
Curaleaf Holdings Inc
OTCQX:CURLF
|
$469.89 Million |
|
Olympic Steel Inc
NASDAQ:ZEUS
|
$469.83 Million |
|
Altice USA Inc
NYSE:ATUS
|
$469.75 Million |
|
Evergrande Property Services Group Limited
PINK:EVGPF
|
$469.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dexus Industria REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,037,977,000 to 1,070,138,000, a change of 32,161,000 (3.1%).
- Net income of 53,079,000 contributed positively to equity growth.
- Dividend payments of 52,032,000 reduced retained earnings.
- Other factors increased equity by 31,114,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$53.08 Million | +4.96% |
| Dividends Paid | AU$52.03 Million | -4.86% |
| Other Changes | AU$31.11 Million | +2.91% |
| Total Change | AU$- | 3.10% |
Book Value vs Market Value Analysis
This analysis compares Dexus Industria 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: 0.71x
- 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 3.16x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$0.76 | AU$2.41 | x |
| 2014-06-30 | AU$0.79 | AU$2.41 | x |
| 2015-06-30 | AU$0.79 | AU$2.41 | x |
| 2016-06-30 | AU$0.82 | AU$2.41 | x |
| 2017-06-30 | AU$0.93 | AU$2.41 | x |
| 2018-06-30 | AU$1.39 | AU$2.41 | x |
| 2019-06-30 | AU$2.92 | AU$2.41 | x |
| 2020-06-30 | AU$1.76 | AU$2.41 | x |
| 2021-06-30 | AU$2.19 | AU$2.41 | x |
| 2022-06-30 | AU$3.64 | AU$2.41 | x |
| 2023-06-30 | AU$3.47 | AU$2.41 | x |
| 2024-06-30 | AU$3.27 | AU$2.41 | x |
| 2025-06-30 | AU$3.37 | AU$2.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dexus Industria REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 70.61%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.36x
- Recent ROE (4.96%) is below the historical average (10.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.44% | 69.49% | 0.06x | 1.59x | AU$-8.62 Million |
| 2014 | 12.30% | 87.86% | 0.09x | 1.64x | AU$5.76 Million |
| 2015 | 9.11% | 58.22% | 0.10x | 1.63x | AU$-2.21 Million |
| 2016 | 11.97% | 82.36% | 0.09x | 1.62x | AU$5.15 Million |
| 2017 | 34.32% | 209.65% | 0.08x | 2.16x | AU$72.02 Million |
| 2018 | 10.95% | 93.19% | 0.08x | 1.51x | AU$4.16 Million |
| 2019 | 4.17% | 36.92% | 0.07x | 1.52x | AU$-28.59 Million |
| 2020 | 9.22% | 83.15% | 0.07x | 1.53x | AU$-4.34 Million |
| 2021 | 15.27% | 157.60% | 0.06x | 1.60x | AU$36.67 Million |
| 2022 | 13.42% | 193.57% | 0.05x | 1.49x | AU$39.48 Million |
| 2023 | -0.58% | -8.04% | 0.05x | 1.42x | AU$-116.59 Million |
| 2024 | -0.33% | -4.61% | 0.05x | 1.33x | AU$-107.23 Million |
| 2025 | 4.96% | 70.61% | 0.05x | 1.36x | AU$-53.93 Million |
Industry Comparison
This section compares Dexus Industria REIT's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $261,787,000
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dexus Industria REIT (DXI) | AU$1.07 Billion | 6.44% | 0.36x | $469.90 Million |
| Abacus Storage King (ASK) | $261.79 Million | 7.90% | 0.96x | $963.39 Million |