Dexus Convenience Retail REIT (ASX:DXC) said external and internal valuations resulted in an estimated net valuation uplift of around AU$20.2 million for the six months to Dec. 31, representing a 2.7% increase on book values, according to a Monday Australian bourse filing.

Around 30 of its 91 assets were externally valued for the six months to Dec. 31, with the remainder subject to internal valuations.

On a like-for-like basis, the weighted average capitalization rate across the total portfolio tightened nine basis points over the six months to 6.23% at Dec. 31 from 6.32% at June 30.