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DXS: Future Dividend Flow From Office Sales Will Support Returns

Update shared on 28 Jan 2026

Fair value Decreased 1.66%
24 Apr
AU$5.81
AnalystConsensusTarget's Fair Value
AU$7.35
20.9% undervalued intrinsic discount
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1Y
-17.4%
7D
8.4%

Analysts have trimmed their DEXUS fair value estimate from A$7.84 to A$7.71, citing slightly softer revenue and margin assumptions, as well as a modestly higher future P/E multiple in their refreshed model.

What's in the News

  • Dexus declared an ordinary dividend of A$0.193 per security for the six months ending December 31, 2025, with a record date of December 31, 2025, an ex date of December 30, 2025, and payment scheduled for February 27, 2026 (company announcement).
  • DEXUS (ASX:DXS) is set to drop from the S&P Global 1200 index (index provider notice).
  • DEXUS (ASX:DXS) is also set to drop from the S&P International 700 index (index provider notice).

Valuation Changes

  • Fair value estimate trimmed slightly from A$7.84 to A$7.71 per security.
  • Discount rate adjusted marginally from 7.09% to 7.06%.
  • Revenue growth forecast now implies a slightly larger 12.25% decline compared with the previous 12.00% decline assumption.
  • Net profit margin pulled back from 86.39% to 79.67% in the refreshed model.
  • Future P/E lifted modestly from 13.64x to 14.65x.

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Disclaimer

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