Dexus Convenience Retail REIT (ASX:DXC) said it is divesting seven Queensland assets for AU$32.8 million, with six sold as a portfolio, according to a Tuesday filing with the Australian bourse.
The total sales contracted in fiscal 2025 reached AU$38.8 million, a 1.8% discount to the prior stated book values, the filing said.
Additionally, the company reaffirmed its fiscal 2025 guidance for funds from operations and distributions of AU$0.206 per security, according to the filing.
The real estate investment trust's shares were up almost 1% in recent Tuesday trade.
Price (AUD): $3.01, Change: $+0.02, Percent Change: +0.67%
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