ADI – Morgans rates the stock as Downgrade to Hold
Morgans downgrades APN Industria REIT's rating to a Hold from Add on recent share price strength. The price target is increased to $3.28 from $3.17.
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Dexus Industria Reit
Dexus Industria REIT™ (“Industria”) is a listed Australian Real Estate Investment Trust (ASX code: ADI) which owns interests in office and industrial properties that provide functional and affordable workspaces for businesses. Industria’s $1.6 billion1 portfolio of 90 properties2 located across the major Australian cities provides sustainable income and capital growth prospects for security holders over the long term. Industria has a target gearing band of 30 – 40%, providing flexibility for future growth without compromising the low-risk approach to capital management. Industria is managed by Dexus and governed by a majority independent board.
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News
ADI – Morgans rates the stock as Hold
The company has announced the acquisition of four industrial assets located east of the Melbourne CBD. The assets bolster the industrial weighting of the fund and, Morgans observes, provide value-adding opportunities down the track.
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ADI – UBS rates the stock as Neutral
The company has acquired four industrial assets in Melbourne for $38m, funded by $30m equity raising and debt. Strong rental growth is expected over time.
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