A pleasing result IMHO. Whilst cap rates rose a modest 0.26% to 5.38% rents appear to be rising strongly to compensate for the cap rate increases. I'd like to think this trend will continue. With NTA at around $3.64 DXI appears to be a bargain t $2.67. Higher interest rates are a drag on FFO but distributions are holding reflecting rents rising faster than borrowing costs (interest).
I wouldn't be surprised if a suitor now comes knocking on the door picking it up cheaply. CHC is developing a warchest to take advantage of weakness in REITs. DXI at a modest market value of around $850m it's a good candidate with good assets.
A pleasing result IMHO. Whilst cap rates rose a modest 0.26% to...
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 (20min delay)
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Last
$2.74 |
Change
0.010(0.37%) |
Mkt cap ! $870.9M | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.76 | $2.73 | $806.4K | 293.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 22262 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 4883 | 7 |
View Market Depth
| Last trade - 11.24am 30/07/2025 (20 minute delay) ? |
| DXI (ASX) Chart |