Industria REIT

What Industria REIT does

Industria REIT is a listed Australian real estate investment trust that invests in industrial warehouse properties, with a portfolio valued at $1.4 billion. The trust is structured as units stapled to Industria Company No. 1 (ACN 010 794 957), with Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) acting as the responsible entity. The portfolio demonstrates high operational performance with 99.7% occupancy and a weighted average lease expiry (WALE) of 5.3 years, indicating stable tenant retention and predictable income streams for the trust's unitholders.

The trust serves a diversified investor base including wholesale investors, institutional investors such as superannuation funds, insurance companies, and pension funds, and financial advisors. The business model operates as a traditional listed REIT—owning and leasing industrial properties to generate rental income that is distributed to unitholders. Investors gain exposure to Australian industrial real estate with the operational backing of Dexus, an Australasian real asset group with 40+ years of experience, $51.5 billion in total assets under management, and $36.2 billion in third-party funds under management.

Industria REIT benefits from Dexus's broader platform capabilities, including access to an $11.5 billion group real estate development pipeline that supports future portfolio growth. Headquartered in Sydney, Australia, the trust combines direct industrial property exposure with institutional-grade asset management, providing investors a specialized vehicle for industrial real estate investment under a regulated and experienced manager.

Name

Industria REIT

Legal name

Industria Company No. 1

Website

https://industriareit.com.au

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Industria REIT is a Sydney-headquartered, ASX-listed Australian REIT that invests in industrial warehouse properties with a $1.4 billion portfolio. It serves wholesale, institutional, and financial-advisor investors, operating under Dexus Asset Management's institutional real-asset platform.

Ownership category

akta.pro rank

Product category

Industrial REITs

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Industrial & Logistics Real Estate Asset Management (BPAJAMAC)

Keywords

• Industrial real estate
• Warehouse investment
• Listed REIT
• Logistics property
• Industrial property trust

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales, Infrastructure

Revenue model

1. Rental income from industrial properties: Dexus Industria REIT generates revenue through rental income from its portfolio of high-quality industrial warehouses. As a REIT, distributions are made to unitholders from rental income net of expenses.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Industria REIT is a publicly listed Australian Real Estate Investment Trust (ASX: DXI) that owns and actively manages a portfolio of high-quality industrial warehouses. It provides investors with exposure to industrial logistics and warehouse real estate, generating returns via rental income from tenants across well-located industrial precincts in Australia. The trust is externally managed by Dexus Asset Management Limited and distributes the majority of its taxable income to unitholders.

Product overview

Industria REIT (ASX: DXI) is a listed Australian Real Estate Investment Trust managed by Dexus, structured as a stapled security combining Industria Company No. 1 with Dexus-managed trusts. The REIT is primarily invested in high-quality industrial warehouse assets, offering investors exposure to the industrial real estate sector through a diversified portfolio with strong occupancy rates.

Differentiator

Problem solved

Functional benefit

Products and services

• Industria REIT (ASX: DXI) Listed Investment Units Exchange-traded investment securities giving wholesale, institutional, and advised retail investors access to a A$1.4 billion Australian industrial warehouse portfolio managed by Dexus Asset Management Limited, with returns distributed via periodic distributions.
• Industrial Warehouse Leasing Provision of modern, well-located industrial warehouse space leased to commercial tenants on long-dated agreements, generating the rental income that underpins investor distributions. Portfolio features 99.7% occupancy and a 5.3-year weighted average lease expiry.

Quantifiable outcome

• 99.7% portfolio occupancy
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Expansion highlights3 records

Others

• GIC (Singapore): GIC is one of the world's largest institutional real estate investors and a significant allocator into Australian industrial/logistics. It is a relevant capital pools peer given competition for institutional industrial deals.

Broad incumbents

• Mirvac Group: Mirvac (ASX: MGR) is an ASX-listed diversified property developer and investor with industrial logistics exposure. Comparable as a broad incumbent in Australian listed real estate capital markets.
• GPT Group: GPT Group (ASX: GPT) is a diversified Australian REIT with logistics assets alongside retail and office. Comparable as a broad-tenant peer with overlapping Australian institutional real estate exposure.
• Stockland: Stockland (ASX: SGP) is a diversified Australian property group with logistics/industrial assets. Comparable as a broad incumbent with overlapping institutional investor base, despite broader sector mandate.
• Dexus (DXS): Dexus (ASX: DXS) is the parent platform and responsible entity for DXI, with a diversified $51.5b real asset portfolio across office, industrial, retail, healthcare, and infrastructure. Comparable as the umbrella platform that owns/manages DXI.

Direct peers

• Goodman Group: Goodman is the largest listed industrial/logistics real estate specialist on the ASX, operating a global portfolio of high-quality warehouses. It is the most direct comparable to DXI given overlapping focus on institutional-grade industrial assets.
• Charter Hall Group: Charter Hall operates listed and unlisted industrial/logistics funds across Australia and is a key institutional logistics landlord. Directly comparable as a competing industrial fund manager with overlapping institutional investor relationships.
• Growthpoint Properties Australia: Growthpoint Properties Australia (ASX: GOZ) is an ASX-listed REIT with a portfolio weighted toward industrial assets, providing a directly comparable listed industrial landlord with similar unitholder base.
• ESR Group: ESR is a major APAC-focused logistics and industrial real estate platform with Australian warehouse exposure. Comparable as a large-scale industrial sponsor competing for the same institutional tenant relationships.
• Centuria Industrial REIT: Centuria Industrial REIT (ASX: CIP) is a pure-play Australian industrial REIT with a portfolio of warehouses and logistics assets. It is a closely comparable mid-scale peer with similar tenant base and geographic exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@dexus547
• LinkedInlinkedin.com/company/industria-reit

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industria REIT