1 ASX dividend stock down 24% I'd buy right now

There are a number of compelling ASX dividend stocks that have fallen noticeably in recent times, giving investors the ability to receive a higher dividend yield. Dexus Industria REIT (ASX: DXI) is one business that looks appealing.

A share price decline leads to a similar increase in the dividend yield. For example, if the dividend yield was 5% and the share price declines 10% then the dividend yield becomes 5.5%. A 20% decline would mean the dividend yield becomes 6%.

Dexus Industria is a real estate investment trust (REIT) that owns a portfolio of industrial properties across the country. I think this is a good time to look at the business whilst it's trading at a large discount.

ASX dividend stock credentials

The business is expecting to grow its payout in the 2026 financial year – a rising distribution/dividend is one of the most appealing factors of a good ASX dividend stock, in my view.

It's expecting to increase its payout from 16.4 cents per security in FY25 to 16.6 cents in FY26.

That potential payout for FY26 translates into a forward distribution yield of around 6%. I think that's a really positive yield, in my opinion, with a superior offering to term deposits and the possibility of further payout growth in future years.

With the ASX dividend stock's compelling outlook, I think the business is a compelling buy for a few reasons.

Why it looks like a buy

Every REIT tells investors what its underlying worth is for each result with a net tangible asset (NTA) and net asset value (NAV) figure. This includes the value of the properties, the loans, cash and other assets and liabilities.

Dexus Industria REIT reported that at 30 June 2025, it had NTA of $3.34. That means the ASX dividend stock is currently trading at a 17% discount, which I think is an appealing discount.

The business says that it's focused on enhancing portfolio attributes that deliver organic income growth and that it's "well positioned to continue generating a secure income stream with embedded rental growth, while delivering on its development pipeline".

The business is optimistic on the industrial property market. It said:          

Industrial market conditions remain favourable, supported by continued low vacancy across core markets. Demand has moderated from the extraordinary levels reached in recent years. However, strong population growth, higher online penetration rates, and a more supportive interest rate outlook are expected to continue to support industrial activity and demand. With continued high land and construction costs, supply levels are expected to remain moderate, supporting rental growth and occupancy levels. With that in mind, I think the future looks very positive for the ASX dividend stock.

The post 1 ASX dividend stock down 24% I'd buy right now appeared first on The Motley Fool Australia.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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