Morgans retains its Add rating and increases its target to $3.65 from $3.63 following 1H results from Dexus Industria REIT. The results reflected a busy period, notes the analyst, with strong leasing activity and equity-funded acquisitions.

FY22 guidance was unchanged. The broker sees an attractive distribution yield with solid underlying portfolio metrics and near/medium term growth opportunities from the pipeline of developments.

Sector: Real Estate.

Target price is $3.63.Current Price is $3.30. Difference: $0.33 - (brackets indicate current price is over target). If DXI meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena