Inactive Instrument

Company Convenience Retail REIT Australian S.E.

Equities

AU000000CRR7

Commercial REITs

Business Summary

Dexus Convenience Retail REIT (the Fund) is an Australian real estate investment trust, which owns Australian service stations and convenience retail assets. The Fund's portfolio is valued at approximately $781 million, is predominantly located on Australia's eastern seaboard and leased to Australian and international convenience retail tenants. The portfolio has a long weighted average lease expiry and contracted annual rent increases, providing a high level of income security. The Fund has a conservative approach to capital management with a target gearing range of 25-40%. The Fund consists of three registered managed investment schemes domiciled in Australia: Convenience Retail REIT No. 1, Convenience Retail REIT No. 2 and Convenience Retail REIT No. 3. The Fund's manager is Convenience Retail Management Pty Ltd.

Sales per Business

AUD in Million2022Weight2023Weight Delta
Rental
90.8 %
46 82.2 % 54 90.8 % +18.35%
Outgoings and Direct Recoveries
6.9 %
4 7.0 % 4 6.9 % +5.78%
Services
2.4 %
1 1.6 % 1 2.4 % +55.10%
Incentive Amortisation
-0.1 %
0 -0.2 % 0 -0.1 % -35.79%

Sales per region

AUD in Million2022Weight2023Weight Delta
Australia
100.0 %
55 100.0 % 59 100.0 % +7.13%

Managers

Managers TitleAgeSince
Chief Executive Officer - -
Corporate Officer/Principal - 22-04-03
General Counsel - -
Corporate Secretary - 22-10-13

Members of the board

Members of the board TitleAgeSince
Director/Board Member 61 22-10-16
Director/Board Member 49 22-10-16
Director/Board Member - 22-04-18
Chairman - 11-12-31
Director/Board Member - 20-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 137,756,563 127,337,839 ( 92.44 %) 0 92.44 %

Shareholders

NameEquities%Valuation
Dexus Asset Management Ltd.
14.38 %
19,807,606 14.38 % 36 M $
Markovic Family No 2 Pty Ltd.
10.30 %
14,195,000 10.30 % 26 M $
Perpetual Trustee Co. Ltd.
7.267 %
10,011,224 7.267 % 18 M $
7,697,840 5.588 % 14 M $
B&I Capital AG
5.494 %
7,568,863 5.494 % 14 M $
Point72 Asset Management LP
4.197 %
5,781,565 4.197 % 10 M $
2,750,000 1.996 % 5 M $
Franklin Templeton Australia Ltd.
1.920 %
2,645,035 1.920 % 5 M $
2,457,104 1.784 % 4 M $
Cass Foundation Ltd.
0.7259 %
1,000,000 0.7259 % 2 M $

Company contact information

Dexus Convenience Retail REIT

50 Bridge Street Level 30

3000, Sydney

+

http://www.apngroup.com.au/fund/apn-convenience-retail-reit
address Convenience Retail REIT
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