Dexus Convenience Retail REIT (ASX:DXC) has reported a net loss of A$8.4 million for the financial year, in contrast to the previous year’s profit of A$82.6 million.

The distribution for the period ending 30 June amounted to 5.550 AU cents per security.

The FY24 average hedging is projected to surpass 70% following the sales of contracted assets and additional hedging.

The company also predicts its FY24 guidance for Funds From Operations (FFO) and distributions to lie between 20.7 - 21.1 AU cents per security.

Dexus Convenience Retail REIT is a real estate investment trust focused on convenience retail properties.