DEXUS (ASX:DXS) - Stock Price, News & Analysis

DXS Stock Overview

DXS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	0/6
Dividends	5/6

Rewards

Trading at 33.3% below our estimate of its fair value

Earnings are forecast to grow 54.27% per year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

DEXUS Competitors

Abacus Group

ASX:ABG

AU$1.0b

Cromwell Property Group

ASX:CMW

AU$1.1b

Centuria Office REIT

ASX:COF

AU$728.8m

Australian Unity Office Fund

ASX:AOF

AU$216.2m

Price History & Performance

Summary of all time highs, changes and price drops for DEXUS
Historical stock prices
Current Share Price	AU$7.06
52 Week High	AU$8.36
52 Week Low	AU$6.30
Beta	0.74
1 Month Change	-7.83%
3 Month Change	-2.62%
1 Year Change	-8.07%
3 Year Change	-29.54%
5 Year Change	-45.90%
Change since IPO	-11.53%

Recent updates

Shareholders May Not Be So Generous With Dexus' (ASX:DXS) CEO Compensation And Here's Why

Oct 12

Dexus (ASX:DXS) Has Compensated Shareholders With A Respectable 58% Return On Their Investment

Dec 24

What Kind Of Shareholders Own Dexus (ASX:DXS)?

Dec 03

Is Dexus (ASX:DXS) Popular Amongst Institutions?

Aug 31

If You Had Bought Dexus' (ASX:DXS) Shares A Year Ago You Would Be Down 37%

Aug 02

How Much Are Dexus (ASX:DXS) Insiders Spending On Buying Shares?

Jun 22

Shareholder Returns

	DXS	AU Office REITs	AU Market
7D	-5.2%	-4.2%	-2.2%
1Y	-8.1%	-19.8%	4.5%

Return vs Industry: DXS exceeded the Australian Office REITs industry which returned -19.8% over the past year.

Return vs Market: DXS underperformed the Australian Market which returned 4.5% over the past year.

Price Volatility

Is DXS's price volatile compared to industry and market?
DXS volatility
DXS Average Weekly Movement	3.1%
Office REITs Industry Average Movement	3.5%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: DXS has not had significant price volatility in the past 3 months.

Volatility Over Time: DXS's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	1,079	Ross Du Vernet	www.dexus.com

Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $61.0 billion (pro forma post final completion of the AMP Capital acquisition). We believe that the strength and quality of our relationships will always be central to our success and are deeply connected to our purpose: Unlock potential, create tomorrow. We directly and indirectly own $17.4 billion of office, industrial, healthcare, retail and infrastructure assets and investments.

DEXUS Fundamentals Summary

How do DEXUS's earnings and revenue compare to its market cap?
DXS fundamental statistics
Market cap	AU$7.68b
Earnings (TTM)	-AU$1.37b
Revenue (TTM)	AU$298.60m

25.4x

P/S Ratio

-5.5x

P/E Ratio

Is DXS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DXS income statement (TTM)
Revenue	AU$298.60m
Cost of Revenue	AU$200.90m
Gross Profit	AU$97.70m
Other Expenses	AU$1.47b
Earnings	-AU$1.37b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Aug 14, 2024

Earnings per share (EPS)	-1.28
Gross Margin	32.72%
Net Profit Margin	-459.81%
Debt/Equity Ratio	41.3%

How did DXS perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

78%

Payout Ratio

DXS Stock Overview

Rewards

Risk Analysis

DEXUS Competitors

ASX:ABG

AU$1.0b

ASX:CMW

AU$1.1b

ASX:COF

AU$728.8m

ASX:AOF

AU$216.2m

Price History & Performance

Recent News & Updates

High number of new directors

Upcoming dividend of AU$0.27 per share at 6.7% yield

Dexus Announces the Ordinary Dividend for the Six Month Ending December 31, 2023, Payable on February 29, 2024

Dexus Announces Chief Executive Officer Changes, Effective 28 March 2024

Darren Steinberg to Step Down as Dexus CEO

Darren Steinberg to Step Down as Dexus CEO

Recent updates

High number of new directors

Upcoming dividend of AU$0.27 per share at 6.7% yield

Dexus Announces the Ordinary Dividend for the Six Month Ending December 31, 2023, Payable on February 29, 2024

Dexus Announces Chief Executive Officer Changes, Effective 28 March 2024

Darren Steinberg to Step Down as Dexus CEO

Darren Steinberg to Step Down as Dexus CEO

Buyers Reportedly on Runway for Airport Stakes

An unknown buyer agreed to acquire A grade office building at 1 Margaret Street from DEXUS (ASX:DXS) for AUD 300 million.

New major risk - Financial position

Full year 2023 earnings: Revenues miss analyst expectations

DEXUS to Report First Half, 2024 Results on Feb 14, 2024

New major risk - Revenue and earnings growth

Consensus revenue estimates decrease by 10%

New major risk - Revenue and earnings growth

An unknown buyer has exchanged contracts to acquire Axxess Corporate Park, Mount Waverley Victoria from DEXUS (ASX:DXS) for approximately AUD 310 million.

An unknown buyer entered into an agreement to acquire CBD A Grade Office Building in Sydney from Dexus (ASX:DXS).

Now 21% undervalued

Board Member recently bought AU$50k worth of stock

First half 2023 earnings released: EPS: AU$0.022 (vs AU$0.75 in 1H 2022)

Dexus Announces Actual Dividend for the Six Month Ending December 31, 2022, Payable on February 28, 2023

Dexus Announces Dividend for the Six Month Ending December 31, 2022, Payable on February 28, 2023

Ashe Morgan Pty Limited acquired Homemaker Prospect from Dexus (ASX:DXS) for AUD 78.9 million.

Ashe Morgan Pty Limited acquired Homemaker Prospect from Dexus (ASX:DXS) for AUD 78.9 million.

Key Executive recently bought AU$77k worth of stock

Dexus Provides Distribution Guidance for the 12 Months Ended 30 June 2023

Sim Lian Group Limited acquired Shepparton Marketplace Shopping Centre from Dexus Wholesale Property Fund, managed by Dexus (ASX:DXS) for $88.1 million.

Key Executive recently bought AU$173k worth of stock

Key Executive exercised options to buy AU$1.4m worth of stock.

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 20% undervalued after recent price drop

Dexus to Report Fiscal Year 2023 Results on Aug 16, 2023

Dexus Announces Ordinary Franked Dividend for the Six Months Ended June 30, 2022, Payable on August 30, 2022

Board Member recently bought AU$79k worth of stock

Board Member recently bought AU$225k worth of stock

An Unknown buyer completed the acquisition of 50% of stake in 309-321 Kent Street, Sydney from Dexus (ASX:DXS).

Now 20% undervalued

Dexus (ASX:DXS) agreed to acquire Collimates real estate and domestic infrastructure equity business from Collimate Capital Limited for AUD 550 million.

Dexus Confirms Discussions with AMP

AMP Confirms in Talks to Sell Investment Management Unit with Multiple Parties, Including Dexus

An unknown buyer completed the acquisition of 50% stake in 12 Creek Street, Brisbane from Dexus (ASX:DXS).

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

An unknown buyer entered into agreement to acquire 50% stake in 12 Creek Street, Brisbane from Dexus (ASX:DXS) for AUD 319 million.

An unknown buyer completed the acquisition of 201 Miller Street, North Sydney from DEXUS Office Partnership, managed by Dexus (ASX:DXS).

First half 2022 earnings: EPS and revenues exceed analyst expectations

An unknown buyer agreed to acquire 140 & 150 George Street from DEXUS Office Partnership for approximately AUD 150 million.

Upcoming dividend of AU$0.28 per share

AMP Capital Shopping Centre Fund, managed by AMP Capital Investors Limited acquired a 25% stake in CEV Multimedia ltd from Dexus Wholesale Property Fund managed by Dexus (ASX:DXS) for approximately AUD 420 million.

An unknown buyer exchanged contracts to acquire 201 Miller Street, North Sydney from DEXUS Office Partnership, managed by Dexus (ASX:DXS) AUD 152.4 million.

Shayher Group agreed to acquire Milton Green business park from Dexus Wholesale Property Fund, a fund managed by Dexus (ASX:DXS) and AMP Capital Diversified Property Fund, a fund managed by AMP Capital Investors Limited.

An unknown buyer agreed to acquire A-Grade Office Building Located at 383 Kent Street, Sydney from Dexus (ASX:DXS) for approximately AUD 400 million.

Shareholders May Not Be So Generous With Dexus' (ASX:DXS) CEO Compensation And Here's Why

Chief Financial Officer of Dexus Funds Management Limited Alison Harrop has left the company

Dexus Healthcare Property Fund, a fund managed by Dexus (ASX:DXS), acquired Arcadia Pittwater Private Hospital and Day Rehabilitation Facility from Breckenridge Funds Management for AUD 50.5 million.

Full year 2021 earnings released: FFO AU$0.66 per share (vs AU$0.67 in FY 2020)

Dexus Reportedly to Sell $1.3 Billion of Towers

Consensus EPS estimates increase to AU$0.60

Dexus (ASX:DXS) completed the acquisition of APN Property Group Limited (ASX:APD).

Huge Linkage acquired 60 Miller Street, North Sydney. from Dexus for AUD 273 million.