Company Interview / DXI delivers thanks to "strong leasing"

Dexus Industria REIT (DXI) has announced it's half-year results, with the company highlighting strong leasing results and momentum in its development pipeline. Fund manager Gordon Korkie says the REIT is committing to approximately 50,000 square meters of new developments. This has been supported by an increase in yield on cost, which Gordon says is expected to drive future earnings and valuations.

Gordon says the outlook for the second half looks optimistic, with interest rate cuts likely to benefit the sector. He says high portfolio occupancy, nearly 100%, reflects the quality and demand for the assets, particularly in Brisbane Technology Park and industrial properties. Despite global market fluctuations, Gordon says the company anticipates continued growth, underpinned by strong development profits, a solid FFO increase, and positive momentum in the pipeline for the coming years.