Dexus Convenience Retail REIT · ASX:DXC
Dexus Convenience Retail REIT — APN Funds Management — Corporate Update (September 2021)
11 slides from Dexus Convenience Retail REIT's corporate update, Sep 17, 2021
Slide 1: AREIT FY21 Reporting Season Webinar 17 September 2021
Se SIEASOIWN WIRAIP WEBINAR 17 SEPTEMBER 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by APN Funds Management Limited (APNFM) (ACN 080 674 479, AFSL No. 237500). APNFM is a wholly owned subsidiary of Dexus Group (ASX: DXS). This presentation contains summary information about one or more of funds for which APNFM is the responsible entity
Slide 3: Pete Morrissey, Mark Mazzarella, Steve Tjia
Pete Morrissey Mark Mazzarella Steve Tjia Head of Real Estate Securities Portfolio Manager Analyst T: +61 3 8656 1074 Real Estate Securities Real Estate Securities pete.morrissey@dexus.com T: +61 3 8656 1036 T: +61 3 8656 1078 mark.mazzarella@dexus.com steve.tjia@dexus.com 3
Slide 4: Reporting season shows the AREIT recovery is well underway
Reporting season shows the AREIT recovery is well underway FY21 Reporting Retail Office Industrial Alternatives Season ▪ Strong results season ▪ Sales rebounded ▪ Leasing recovery ▪ Structural trends ▪ Strong cashflow caps record year for strongly as lockdown after lockdown but driving occupancy res
Slide 5: Retail expectations were modest, reality was encouraging
Retail expectations were modest, reality was encouraging Retail AREIT Cash Collection Rates ▪ Unwinding of severe pandemic induced Stock Centre type Jun-20 % Jun-21 % Yield %* restrictions saw a strong recovery in rent SCG Mall/CBD 48% 96% 4.9% collection VCX Mall/CBD 38% 91% 4.2% ▪ Sales turnover i
Slide 6: Office investment demand continues
Office investment demand continues Investment market liquidity and transaction metrics show valuations are holding firm ▪ Office centric working to remain key component for organisations. While workplace flexibility will continue the long-term implications for space demand are uncertain ▪ Leasing de
Slide 7: Industrial: golden era continues
Industrial: golden era continues Positive like-for-like NOI growth and outlook substantiates valuation strength ▪ Fundamentals drove performance with record high leasing take-up driving vacancy rates lower across all major markets, seeing positive net income growth persist ▪ Increasing book values w
Slide 8: Alternative assets proved to be resilient
Alternative assets proved to be resilient Cap rate compression observed across alternative real estate portfolios ▪ Self Storage: Enjoyed occupancy Self Storage Childcare Service Stations improvement and rate growth 7.0% throughout the period as all sites 6.5% FY20 FY21 remained operational despite
Slide 9: Outlook: AREITs offer a defensive exposure to post-lockdown growth
Outlook: AREITs offer a defensive exposure to post-lockdown growth Vaccination roll-out & Opportunities in Regular and sustainable Attractive valuations further economic stability specialised REITs income ✓ Commercial property is ✓ AREIT valuations are ✓ Petrol Stations, Childcare, ✓ AREITs position
Slide 10: Distribution yield
Distribution yield % 5.18 pa 1 1. As at 10 September 2021. Current running yield is calculated daily by dividing the annualised distribution rate by the latest entry unit price. Distributions may include a capital gains component. Distributions are not guaranteed and past performance is not an indic
Slide 11: Simone Newman, Paul Barsby contact details
Simone Newman Paul Barsby Distribution – Retail Investors Regional Manager M: +61 416 166 033 M: +61 417 229 409 simone.newman@dexus.com paul.barsby@apngroup.com.au Adviser Services Hotline 1300 027 636 | Investors Services Hotline 1800 996 456 11
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