APN Industria REIT (‘Industria) (ASX code: ADI) is a listed Australian real estate investment trust which owns interests in office and industrial properties that provide functional and affordable workspaces for business.
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Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.41|
|52 Week High||AU$2.60|
|52 Week Low||AU$3.87|
|1 Month Change||-8.82%|
|3 Month Change||2.40%|
|1 Year Change||28.68%|
|3 Year Change||31.15%|
|5 Year Change||61.61%|
|Change since IPO||81.87%|
Recent News & Updates
|ADI||AU REITs||AU Market|
Return vs Industry: ADI exceeded the Australian REITs industry which returned 24.2% over the past year.
Return vs Market: ADI exceeded the Australian Market which returned 21.4% over the past year.
Stable Share Price: ADI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ADI's weekly volatility (4%) has been stable over the past year.
About the Company
APN Industria REIT (‘Industria) (ASX code: ADI) is a listed Australian real estate investment trust which owns interests in office and industrial properties that provide functional and affordable workspaces for business. Industria’s $824 million portfolio of 32 properties 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 management.
Dexus Industria REIT Fundamentals Summary
|ADI fundamental statistics|
Is ADI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ADI income statement (TTM)|
|Cost of Revenue||AU$17.92m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.33|
|Net Profit Margin||149.90%|
How did ADI perform over the long term?See historical performance and comparison
5.1%Current Dividend Yield
Is Dexus Industria REIT undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ADI (A$3.41) is trading above our estimate of fair value (A$3.02)
Significantly Below Fair Value: ADI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ADI is poor value based on its PE Ratio (10.2x) compared to the Australian REITs industry average (9.8x).
PE vs Market: ADI is good value based on its PE Ratio (10.2x) compared to the Australian market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: ADI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ADI is overvalued based on its PB Ratio (2.1x) compared to the AU REITs industry average (1.2x).
How is Dexus Industria REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADI's earnings are forecast to decline over the next 3 years (-23.9% per year).
Earnings vs Market: ADI's earnings are forecast to decline over the next 3 years (-23.9% per year).
High Growth Earnings: ADI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ADI's revenue (2.7% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: ADI's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADI's Return on Equity is forecast to be low in 3 years time (5.9%).
How has Dexus Industria REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADI has a large one-off gain of A$78.2M impacting its June 30 2021 financial results.
Growing Profit Margin: ADI's current net profit margins are higher than last year (86.2%).
Past Earnings Growth Analysis
Earnings Trend: ADI's earnings have grown by 9.4% per year over the past 5 years.
Accelerating Growth: ADI's earnings growth over the past year (106.4%) exceeds its 5-year average (9.4% per year).
Earnings vs Industry: ADI earnings growth over the past year (106.4%) underperformed the REITs industry 106.4%.
Return on Equity
High ROE: ADI's Return on Equity (17.1%) is considered low.
How is Dexus Industria REIT's financial position?
Financial Position Analysis
Short Term Liabilities: ADI's short term assets (A$23.2M) do not cover its short term liabilities (A$128.9M).
Long Term Liabilities: ADI's short term assets (A$23.2M) do not cover its long term liabilities (A$289.2M).
Debt to Equity History and Analysis
Debt Level: ADI's debt to equity ratio (50%) is considered high.
Reducing Debt: ADI's debt to equity ratio has reduced from 55% to 50% over the past 5 years.
Debt Coverage: ADI's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: ADI's interest payments on its debt are well covered by EBIT (5.9x coverage).
What is Dexus Industria REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ADI's dividend (5.07%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: ADI's dividend (5.07%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).
Stability and Growth of Payments
Stable Dividend: ADI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ADI has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.3%), ADI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADI's dividends in 3 years are forecast to be covered by earnings (90.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dexus Industria REIT has no CEO, or we have no data on them.
Experienced Management: ADI's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Experienced Board: ADI's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 61.3%.
Dexus Industria REIT's employee growth, exchange listings and data sources
- Name: Dexus Industria REIT
- Ticker: ADI
- Exchange: ASX
- Founded: 1996
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: AU$1.086b
- Shares outstanding: 318.61m
- Website: https://www.apngroup.com.au/fund/apn-industria-reit
- Dexus Industria REIT
- Level 30
- 101 Collins Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:01|
|End of Day Share Price||2021/10/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.