Dexus Industria REIT

DXI: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Dexus Industria REIT: Coverage Initiation With AUD 3 Fair Value Estimate and a No-Moat Rating

Yingqi Tan

Feb 2, 2026

We initiate coverage on Dexus Industria REIT. The trust owns a portfolio of industrial properties and distributes the rent generated from leasing them to securityholders. Its crown jewel is the Jandakot precinct in Perth, which accounts for a third of the portfolio’s total value.

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