View ValuationDEXUS 将来の成長Future 基準チェック /46DEXUS利益と収益がそれぞれ年間30.6%と15.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に6.1% 28.7%なると予測されています。主要情報30.6%収益成長率28.75%EPS成長率Office REITs 収益成長27.4%収益成長率15.7%将来の株主資本利益率6.13%アナリストカバレッジGood最終更新日20 Aug 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • 7hFull year 2026 earnings released: AU$0.11 loss per share (vs AU$0.13 profit in FY 2025)Full year 2026 results: AU$0.11 loss per share (down from AU$0.13 profit in FY 2025). Revenue: AU$459.2m (down 64% from FY 2025). Net loss: AU$122.0m (down 190% from profit in FY 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Jul 28BGO and Investa Residential Group Pty Limited agreed to acquire portfolio of assets from DEXUS (ASX:DXS) for AUD 715 million.BGO and Investa Residential Group Pty Limited agreed to acquire portfolio of assets from DEXUS (ASX:DXS) for AUD 715 million on July 27, 2026. BGO and the Investa Commercial Property Fund (“ICPF”) will each hold a 50 per cent interest in 123 Albert Street, Brisbane. The balance of the transaction will see BGO acquire 30 The Bond. Cliffbrook is working alongside BGO as its local Australian partner on the transaction.お知らせ • Jul 15Dexus Provides Update on APAC MatterDexus provided the following update on the APAC matter most recently outlined in its announcements on May 29, June 5, June 12, June 18 and June 25, 2026. The appeals filed by both the Rest Infrastructure Trust (REST Appeal) and the remainder of the Dexus Bloc (Dexus Bloc Appeal) (together, the Appeals) were listed before the Court for directions. The Court made orders fixing a hearing date for both the REST Appeal and the Dexus Bloc Appeal on October 20, 2026 for a period of three days, along with directions for procedural steps ahead of the hearing. APAC has filed a Notice of Cross-Appeal in the Dexus Bloc Appeal contending that, if the Default Notice is not valid as against the Non-Selling Shareholders, it was still valid as against the Dexus Bloc Selling Shareholders as defined in paragraph [31] of the judgment delivered by the Supreme Court of NSW on May 29, 2026 (Judgment). It has also filed a Notice of Cross-Appeal in the REST Appeal contending that, if the Default Notice is not valid as against REST, it should be valid as against all other members of the Dexus Bloc or alternatively against the Dexus Bloc Selling Shareholders as defined in paragraph [31] of the Judgment. Each of APAC, Future Fund, IFM and TCorp have filed Notices of Contention in both Appeals contending that the decision of the Supreme Court of NSW should be affirmed on grounds other than or additional to those relied upon by Justice Hammerschlag. Dexus will provide further updates on the APAC matter in accordance with its disclosure obligations.Declared Dividend • Jun 25First half dividend of AU$0.18 announcedShareholders will receive a dividend of AU$0.18. Ex-date: 29th June 2026 Payment date: 28th August 2026 Dividend yield will be 8.2%, which is higher than the industry average of 5.8%.お知らせ • Jun 23DEXUS Announces Estimated Distribution for the Six Months to 30 June 2026, Payable on 28 August 2026DEXUS announced an estimated distribution of 17.7 cents per security for the six months to 30 June 2026. The distribution will be paid by Dexus Property Trust, with a proposed record date of 30 June 2026, ex distribution date of 29 June 2026 and payment date of 28 August 2026.お知らせ • Jun 20Dexus Finance Pty Limited Provides Update on APAC MatterDexus Finance Pty Limited had provided the following update on the APAC matter most recently outlined in its announcements on May 29, June 5 and June 12, 2026. One of the Dexus Bloc shareholders, REST Nominees No.2 Pty Ltd. as trustee of Rest Infrastructure Trust, has filed with the Supreme Court of New South Wales, Court of Appeal, a Notice of Appeal from the decision of the NSW Supreme Court of May 29, 2026 that the Default Notice is valid. The Notice of Appeal has been set down for first Directions on July 8, 2026. The other Dexus Bloc shareholders have until June 26, 2026 to file any appeal. Dexus Finance Pty Limited will provide further updates on the APAC matter in accordance with its disclosure obligations.お知らせ • Feb 27DEXUS Reaffirms Distribution Guidance for the 12 Months Ending 30 June 2026DEXUS reaffirmed distribution guidance for the 12 months ending 30 June 2026. For the Barring unforeseen circumstances, for the 12 months ending 30 June 2026, the company reaffirms its expectation for distributions of 37.0 cents per security.お知らせ • Feb 10Dexus Industria REIT (ASX:DXI) acquired remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million.Dexus Industria REIT (ASX:DXI) acquired remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million on February 9, 2026. A cash consideration of AUD 49.6 million will be paid by Dexus Industria REIT. As part of consideration, AUD 49.6 million is paid towards 12 Church Street, Moorebank, NSW. Upon completion, Dexus Industria REIT will hold 100% stake in 12 Church Street, Moorebank, NSW. The transaction will be financed through existing debt facilities. Dexus Industria REIT (ASX:DXI) completed the acquisition of the remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million on February 9, 2026.お知らせ • Oct 25DEXUS Reportedly to Sell the Bond Complex in Sydney for About AUD 280 MillionDEXUS (ASX:DXS) is set to become the latest to capitalise on the pick-up in the office market and is selling The Bond complex in Sydney for about AUD 280 million. The building is in the sights of funds house AsheMorgan, which is in due diligence to buy the A-grade office tower in the Barangaroo precinct. Dexus has been weighing up selling the block for more than a year and had earlier put rival groups into due diligence. They were unable to close off deals as confidence in the office market was still weak. However, this is starting to turn around quite quickly, with sales in train for both large assets and smaller value-add style buildings. The buyers are backing themselves to find new tenants at a time when incentives in many markets are coming down and inquiry levels are rising. AsheMorgan is believed to be confident in its capacity to both attract capital for the purchase, which shows good metrics, and boost the leasing in the building. The sale price is also above a previously held book value of about AUD 260 million, showing that buildings are starting to not only stabilise but rise in value when they are in attractive city corridors. Large institutions are still selling down some assets in order to keep their gearing in check and smaller fund managers are in buy mode, along the eastern seaboard. The change in sentiment is partly driven by lower interest rates, which are driving down finance costs, and improving demand for property syndicates as investors flock to them as term deposit rates head down. There is also less risk of office values falling again and the need for syndicates to come back to their investors in order to top up their equity . The block, 30 The Bond, at 30-34 Hickson Road, was offered off-market in late 2023 in line with Dexus's strategy of recycling capital into higher returning -opportunities. It had June 2023 book value of AUD 354 million but this dropped down to about AUD 260 million as interest rates were hiked. The A-grade office tower sports a full height atrium providing an abundance of natural light. The nine-level building has glass lifts, suspended meeting rooms and open breakout spaces, as well as large floor plates providing workspace efficiency and flexibility. It sits close to the heart of Sydney's Rocks precinct and benefits from a wide variety of restaurants, hotels, bars and cafes. The block at 30 The Bond offers convenient and direct access to public transport. Wynyard Walk provides quick undercover access to trains and buses, while Barangaroo Ferry Wharf is just minutes from the doorstep. Dexus this year offloaded a Melbourne office building -Flinders Gate for AUD 254.5 million via CBRE.お知らせ • Sep 26Wentworth Capital Pty Ltd acquired Rydalmere Metro Centre from Dexus Wholesale Property Fund managed byDEXUS (ASX:DXS) for approximately AUD 150 million.Wentworth Capital Pty Ltd acquired Rydalmere Metro Centre from Dexus Wholesale Property Fund managed by DEXUS (ASX:DXS) for approximately AUD 150 million on September 25, 2025. Wentworth Capital Pty Ltd completed the acquisition of Rydalmere Metro Centre from Dexus Wholesale Property Fund managed by DEXUS (ASX:DXS) on September 25, 2025.お知らせ • Sep 25DEXUS, Annual General Meeting, Oct 29, 2025DEXUS, Annual General Meeting, Oct 29, 2025. Location: dexus place, level 15, 1 farrer place, sydney nsw 2000 Australiaお知らせ • Aug 21+ 1 more updateDEXUS Provides Distributions Guidance for the Twelve Months Ending 30 June 2026DEXUS provided distributions guidance for the twelve months ending 30 June 2026. For the year, the company expects distributions of 37.0 cents per security.お知らせ • Jun 26Dexus Announces Ordinary Dividend on Dxs - Fully Paid Units Stapled Securities for Period of Six Months Ended June 30, 2025, Payable on August 29, 2025DEXUS announced ordinary dividend on DXS - FULLY PAID UNITS STAPLED SECURITIES for period of six months ended June 30, 2025 of AUD 0.18000000. Ex Date is June 27, 2025. Record Date is June 30, 2025. Payment Date is August 29, 2025.お知らせ • Jun 06PAG Reportedly Eyes Melbourne's Flinders Gate ComplexHong Kong private equity and real estate company PAG is again looking to snap up a Melbourne office tower at a time when many rival companies are steering clear of the city. The company is circling the Flinders Gate complex that adjoins Melbourne's renowned Adelphi Hotel, with listed property group DEXUS (ASX:DXS) looking to sell it around the $260 million mark after redeveloping the office complex five years ago. The Asia-based manager has previously bought while Melbourne's office market is at a low point, last year picking up a tower at 367 Collins Street from listed group Mirvac for about $340 million. The Flinders Gate office complex comprises two boutique buildings and a multi-deck carpark. It could be slotted into a core mandate managed by the offshore group. Dexus redeveloped the tower after winning builder John Holland to anchor the Flinders Street complex on a site opposite Federation Square. It also houses tenants including Netwealth, Cox Architecture and developer Time & Place. But private players are buying. Notably, property tycoon Harry Stamoulis, whose family fortune was originally struck in the Gold Medal soft drink empire, is buying again, with his company in due diligence on 357 Collins Street that a Frasers-run trust is selling for about $200 million. Dexus declined to comment.お知らせ • May 22Update on the Dexus Bloc Interest in Australia Pacific Airports Corporation (APAC)Dexus provided an update in reference to its ASX release of 16 May 2025 and the notice received from the APAC Board to which it refers (Notice). In order to protect the interests of the Dexus Bloc Shareholders, Dexus filed proceedings in the New South Wales Supreme Court contesting the validity of the Notice. Dexus has obtained an injunction against APAC. The Injunction temporarily lifts the suspension of the governance, voting and information rights of the Dexus Bloc Shareholders that arose on the issue of the Notice, and prevents any valuation of the Dexus Bloc Shareholder interests from being finalised while the dispute is being determined (consequently preventing any forced sale occurring). The Injunction is to remain in place until the Court makes its final ruling in the proceeding, which is scheduled to be heard on 11 and 12 August 2025. In exchange for the Injunction, Dexus has committed to pay any damages that may arise to impacted parties in the event that its claim does not succeed (as is usual in exchange for orders of this kind). Dexus will continue to assess potential impacts of this matter and will provide further updates in accordance with its disclosure obligations.お知らせ • Feb 18DEXUS Provides Distributions for the 12 Months Ending 30 June 2025DEXUS provided distributions for the 12 months ending 30 June 2025. For the year, the company expects distributions of circa 37.0 cents per security for the 12 months ending 30 June 2025.Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director of Dexus Funds Management Limited Peeyush Kumar Gupta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 23DEXUS(ASX:DXS) dropped from S&P/ASX 50 IndexDEXUS(ASX:DXS) dropped from S&P/ASX 50 Indexお知らせ • Nov 29Aware Super Pty Ltd agreed to acquire Office building at 145 Ann Street, Brisbane from DEXUS (ASX:DXS) and Canada Pension Plan Investment Board for approximately AUD 210 million.Aware Super Pty Ltd agreed to acquire Office building at 145 Ann Street, Brisbane from DEXUS (ASX:DXS) and Canada Pension Plan Investment Board for approximately AUD 210 million on November 28, 2024. A cash consideration of AUD 213.9 million will be paid by Aware Super Pty Ltd. As part of consideration, AUD 213.9 million is paid towards assets of Office building at 145 Ann Street, Brisbane. The expected completion of the transaction is December 2024.お知らせ • Oct 31An undisclosed buyer acquired B grade suburban office building in Sydney. from DEXUS (ASX:DXS).An undisclosed buyer agreed to acquire B grade suburban office building in Sydney. from DEXUS (ASX:DXS) for AUD 69.1 million on June 27, 2024. A cash consideration of AUD 69.1 million will be paid by the buyer. As part of consideration, AUD 69.1 million is paid towards assets of B grade suburban office building in Sydney. The expected completion of the transaction is November 2024.Sale proceeds will initially be utilized to repay debt An undisclosed buyer completed the acquisition of B grade suburban office building in Sydney. from DEXUS (ASX:DXS) on October 30, 2024.お知らせ • Aug 29Dexus Provides Distribution Policy UpdateDexus provided Distribution policy update. Consistent with Dexus's strategy, from Fiscal year 2025 the distribution policy has been updated to pay out 80% to 100% of AFFO, providing a sustainable source of capital to invest through the cycle into return- enhancing investment opportunities.お知らせ • Aug 22DEXUS Announces Dividend for the Period Ended June 30, 2024, Payable on August 29, 2024DEXUS announced dividend of 21.3 cents per security for the period ended June 30, 2024, as compared to 23.6 cents per security a year ago. This distribution is to be paid on August 29, 2024.Reported Earnings • Aug 20Full year 2024 earnings released: AU$1.47 loss per share (vs AU$0.70 loss in FY 2023)Full year 2024 results: AU$1.47 loss per share (further deteriorated from AU$0.70 loss in FY 2023). Revenue: AU$923.9m (up 43% from FY 2023). Net loss: AU$1.58b (loss widened 110% from FY 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.お知らせ • Aug 20+ 1 more updateDEXUS to Report First Half, 2025 Results on Feb 19, 2025DEXUS announced that they will report first half, 2025 results on Feb 19, 2025お知らせ • Jul 17Dexus Announces Executive ChangesDexus announced the appointment of Nik Kemp to the newly created role of Executive General Manager, Growth Markets. Nik will support the sectors in which Dexus is actively building capability and scale, including infrastructure, healthcare and alternative investments. Nik is an experienced infrastructure and real assets professional. He joins Dexus from AustralianSuper, where he held the role of Global Head of Real Assets and is a non-executive director on the boards of Sydney Airport and WestConnex. Marjan van der Burg has been appointed Chief People Officer, reinforcing Dexus's focus on building diverse teams to drive leadership across its real asset platform. Prior to joining Dexus, Marjan held a number of roles at Macquarie Group in Australia and overseas. After 11 years at Dexus, Deborah Coakley will be stepping down as Chief Executive, Funds Management to pursue another opportunity, effective 17 July 2024. Dexus will undertake a comprehensive internal and external recruitment process for the funds management executive role. In the interim, Ross Du Vernet, Group CEO & Managing Director, will work closely with the funds management leadership team and capital partners.Declared Dividend • Jun 21First half dividend of AU$0.21 announcedShareholders will receive a dividend of AU$0.21. Ex-date: 27th June 2024 Payment date: 29th August 2024 Dividend yield will be 9.8%, which is higher than the industry average of 5.8%.Board Change • May 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Peeyush Kumar Gupta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chief Investment Officer & Executive Director of Dexus Funds Management Limited Ross Du Vernet was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Dec 21Upcoming dividend of AU$0.27 per share at 6.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 February 2024. Trailing yield: 6.6%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.5%).お知らせ • Dec 15Dexus Announces the Ordinary Dividend for the Six Month Ending December 31, 2023, Payable on February 29, 2024Dexus announced the ordinary dividend of AUD 0.26700000 for the six month ending December 31, 2023. Payable on February 29, 2024 with record date of December 29, 2023 and Ex-date is December 28, 2023.お知らせ • Dec 11+ 1 more updateDexus Announces Chief Executive Officer Changes, Effective 28 March 2024Dexus announced the appointment of Ross Du Vernet as the next chief executive officer (CEO) the company. Ross will take up the CEO appointment on 28 March 2024. Darren Steinberg will continue as Dexus CEO until that time and will work closely with the Board and Ross to ensure a smooth transition. Ross has been a member of the Executive Leadership Team since he joined Dexus in 2012 and currently serves as Chief Investment Officer at Dexus. He has more than 20 years of extensive experience in the property industry with a background in corporate transactions, strategy, development and funds management in Australia and abroad.お知らせ • Oct 26Darren Steinberg to Step Down as Dexus CEODexus announces that Chief Executive Officer, Darren Steinberg, has advised of his intention to step down in 2024 after more than 11 years in the role. Darren will continue as CEO until the commencement of his successor and will work closely with the Board to ensure a smooth transition. The Board has commenced a process for his replacement.お知らせ • Oct 12Buyers Reportedly on Runway for Airport StakesSerious contenders are starting to surface for the sale of a major stake in Queensland Airport Limited, with Stonepeak Partners LP, Global Infrastructure Management, LLC and KKR & Co. Inc. (NYSE:KKR) all said to be running the ruler over the infrastructure offering. Queensland Airport owns regional airports including Gold Coast, Townsville, Mount Isa and Longreach Airports. Initially, a 40% stake was on offer through Barrenjoey and thought to be worth more than $1 billion, but now that the sale has changed path to be 74% of the business on offer, the thinking is that the asset becomes far more attractive. The larger share means that active infrastructure investors will now be keen to compete because they have operational control. Stonepeak, KKR and GIP, along with DEXUS (ASX:DXS), which owns the former AMP Capital infrastructure business, are the groups believed to be giving an acquisition serious thought. Shareholders are listed as The Infrastructure Fund, Perron Investments, Australian Retirement Trust, Allan Moss, Queensland Airport Investments, Project Cricket State Super Unit Trust, and Lipno Holdings. It comes as the sale process for a stake in Perth Airport is expected to get under way imminently. Earlier, it was expected that the investment bank overseeing the sale of a stake, UBS, would not run a sale process.お知らせ • Aug 18An unknown buyer agreed to acquire A grade office building at 1 Margaret Street from DEXUS (ASX:DXS) for AUD 300 million.An unknown buyer agreed to acquire A grade office building at 1 Margaret Street from DEXUS (ASX:DXS) for AUD 300 million on August 18, 2023. Settlement is expected to occur in October 2023.New Risk • Aug 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share.Reported Earnings • Aug 16Full year 2023 earnings releasedFull year 2023 results: Revenue: AU$503.1m (down 71% from FY 2022). Net loss: AU$60.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Aug 16+ 2 more updatesDEXUS to Report First Half, 2024 Results on Feb 14, 2024DEXUS announced that they will report first half, 2024 results on Feb 14, 2024New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).お知らせ • Jun 16An 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 has exchanged contracts to acquire Axxess Corporate Park, Mount Waverley Victoria from DEXUS (ASX:DXS) for approximately AUD 310 million on June 15, 2023. The sale is subject to FIRB approval and is otherwise unconditional. Settlement is expected in early July 2023.お知らせ • Jun 10An unknown buyer entered into an agreement to acquire CBD A Grade Office Building in Sydney from Dexus (ASX:DXS).An unknown buyer entered into an agreement to acquire CBD A Grade Office Building in Sydney from Dexus (ASX:DXS) for AUD 390 million on June 9, 2023. The sale will realize proceeds of AUD 393.1 million, reflecting a 17.2% discount to the December 2022 independent valuation. The sale is subject to FIRB approval and is otherwise unconditional. The settlement is expected in late July 2023.Recent Insider Transactions • Mar 01Board Member recently bought €139k worth of stockOn the 22nd of February, Paula Dwyer bought around 25k shares on-market at roughly €5.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €714k more in shares than they have sold in the last 12 months.Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €6.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to decline by 29% in 2 years. Earnings is forecast to decline by 8.7% in the next 2 years.Reported Earnings • Feb 14First half 2023 earnings released: EPS: AU$0.022 (vs AU$0.75 in 1H 2022)First half 2023 results: EPS: AU$0.022 (down from AU$0.75 in 1H 2022). Revenue: AU$586.3m (down 42% from 1H 2022). Net income: AU$23.1m (down 97% from 1H 2022). Profit margin: 3.9% (down from 79% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Feb 14Dexus Announces Actual Dividend for the Six Month Ending December 31, 2022, Payable on February 28, 2023Dexus announced the actual dividend of AUD 0.28000000 for the six month ending December 31, 2022. Payable on February 28, 2023 with record date of December 12, 2022 and Ex-date is December 29, 2022.Buying Opportunity • Nov 09Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be €6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.Recent Insider Transactions • Nov 04Key Executive recently bought €50k worth of stockOn the 31st of October, Warwick Negus bought around 10k shares on-market at roughly €5.01 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €118k. Warwick has been a buyer over the last 12 months, purchasing a net total of €321k worth in shares.Recent Insider Transactions • Sep 08Key Executive recently bought €118k worth of stockOn the 31st of August, Wallace Sheppard bought around 20k shares on-market at roughly €5.89 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wallace's only on-market trade for the last 12 months.Reported Earnings • Aug 18Full year 2022 earnings released: FFO per share: AU$0.7 (vs AU$0.66 in FY 2021)Full year 2022 results: FFO per share: AU$0.7 (up from AU$0.66 in FY 2021). Revenue: AU$1.74b (up 9.7% from FY 2021). Funds from operations (FFO): AU$757.6m (up 5.7% from FY 2021). FFO margin: 44% (down from 45% in FY 2021). Over the next year, revenue is forecast to decline by 48% while the REITs industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 17+ 2 more updatesDexus to Report Fiscal Year 2023 Results on Aug 16, 2023Dexus announced that they will report fiscal year 2023 results on Aug 16, 2023Recent Insider Transactions • May 24Board Member recently bought €53k worth of stockOn the 18th of May, Mark Henry Ford bought around 7k shares on-market at roughly €7.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth €148k. Insiders have collectively bought €235k more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 12Board Member recently bought €148k worth of stockOn the 10th of May, Warwick Negus bought around 20k shares on-market at roughly €7.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Feb 17First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: FFO: AU$1.02b per share (up from AU$0.34 in 1H 2021). Revenue: AU$1.02b (up 21% from 1H 2021). Funds from operations (FFO): AU$396.7m (up 5.6% from 1H 2021). FFO margin: 39% (down from 45% in 1H 2021). Revenue exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -50% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 23Upcoming dividend of AU$0.28 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 28 February 2022. Trailing yield: 4.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).Executive Departure • Oct 07Chief Financial Officer of Dexus Funds Management Limited Alison Harrop has left the companyOn the 30th of September, Alison Harrop's tenure as Chief Financial Officer of Dexus Funds Management Limited ended after 6.0 years in the role. We don't have any record of a personal shareholding under Alison's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.42 years.Reported Earnings • Aug 21Full year 2021 earnings released: FFO AU$0.66 per share (vs AU$0.67 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$1.58b (up 6.4% from FY 2020). Funds from operations (FFO): AU$717.0m (down 1.8% from FY 2020). FFO margin: 45% (down from 49% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Executive Departure • Jul 01Independent Non-Executive Director of DEXUS Funds Management Limited Peter St. George has left the companyOn the 30th of June, Peter St. George's tenure as Independent Non-Executive Director of DEXUS Funds Management Limited ended after 12.2 years in the role. As of March 2021, Peter still personally held 30.57k shares (€152k worth at the time). Peter is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.08 years.Reported Earnings • Feb 11First half 2021 earnings released: FFO AU$0.34 per share (vs AU$0.35 in 1H 2020)The company reported a mediocre first half result with weaker revenues, although earnings were flat and profit margins improved. First half 2021 results: Revenue: AU$838.1m (down 17% from 1H 2020). Funds from operations (FFO): AU$375.6m (flat on 1H 2020). FFO margin: 45% (up from 38% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 11New 90-day low: €5.43The company is down 5.0% from its price of €5.71 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.59 per share.Is New 90 Day High Low • Dec 15New 90-day high: €6.01The company is up 9.0% from its price of €5.52 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.93 per share.Is New 90 Day High Low • Nov 11New 90-day high: €5.87The company is up 16% from its price of €5.08 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.32 per share.Is New 90 Day High Low • Oct 24New 90-day high: €5.65The company is up 5.0% from its price of €5.40 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.40 per share.お知らせ • Aug 20Dexus to Report First Half, 2021 Results on Feb 10, 2021Dexus announced that they will report first half, 2021 results on Feb 10, 2021お知らせ • Aug 08The Healthcare Wholesale Property Fund, managed by Dexus (ASX:DXS) signed a contract to acquire College Junction commercial complex at Clayfield in Brisbane for AUD 36.5 million.The Healthcare Wholesale Property Fund, managed by Dexus (ASX:DXS) signed a contract to acquire College Junction commercial complex at Clayfield in Brisbane for AUD 36.5 million on August 5, 2020. The transaction is expected to close in November 2020.お知らせ • Jul 31An unknown buyer agreed to acquire 25% stake in CBD Office Tower at 201 Elizabeth Street, Sydney from Dexus (ASX:DXS) for approximately AUD 160 million.An unknown buyer agreed to acquire 25% stake in CBD Office Tower at 201 Elizabeth Street, Sydney from Dexus (ASX:DXS) for approximately AUD 160 million on July 30, 2020.業績と収益の成長予測DB:0DPS - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/20291,01862642466856/30/202896862521865356/30/202792860747059556/30/2026459-122-48-15N/A3/31/20266301401841N/A12/31/20251,412550703716N/A9/30/20251,348343750764N/A6/30/20251,285136798811N/A3/31/2025973-448783790N/A12/31/2024661-1,032768769N/A9/30/2024500-1,308690691N/A6/30/2024338-1,584611614N/A3/31/2024318-1,480595599N/A12/31/2023299-1,377579585N/A9/30/2023473-1,065671678N/A6/30/2023648-753763771N/A3/31/202397742634640N/A12/31/20221,306836505510N/A9/30/20221,5221,226529535N/A6/30/20221,7371,616554560N/A3/31/20221,7501,558692705N/A12/31/20211,7631,500830850N/A9/30/20211,6731,319907925N/A6/30/20211,5841,138983999N/A3/31/20211,450779877884N/A12/31/20201,317420770768N/A9/30/20201,403696739741N/A6/30/20201,489973708714N/A3/31/20201,5501,261N/A658N/A12/31/20191,6111,549N/A602N/A9/30/20191,4711,415N/A547N/A6/30/20191,3311,281N/A493N/A3/31/20191,3661,370N/A627N/A12/31/20181,4001,458N/A760N/A9/30/20181,3891,594N/A685N/A6/30/20181,3791,729N/A610N/A3/31/20181,3971,637N/A573N/A12/31/20171,4161,545N/A536N/A9/30/20171,3961,405N/A597N/A6/30/20171,3761,264N/A657N/A3/31/20171,2861,221N/A592N/A12/31/20161,1971,178N/A527N/A9/30/20161,2951,219N/A595N/A6/30/20161,3921,260N/A664N/A3/31/20161,4001,209N/A706N/A12/31/20151,4091,158N/A747N/A9/30/20151,260889N/A704N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0DPSは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.1% ) よりも高い成長率であると考えられます。収益対市場: 0DPS今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 0DPS今後 3 年以内に収益を上げることが予想されます。収益対市場: 0DPSの収益 ( 15.7% ) German市場 ( 6.8% ) よりも速いペースで成長すると予測されています。高い収益成長: 0DPSの収益 ( 15.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0DPSの 自己資本利益率 は、3年後には低くなると予測されています ( 6.1 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/21 06:21終値2026/08/20 00:00収益2026/06/30年間収益2026/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋DEXUS 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Nicholas McGarrigleBarrenjoey Markets Pty LimitedAdam CalvettiBofA Global ResearchHoward PennyCitigroup Inc15 その他のアナリストを表示
Reported Earnings • 7hFull year 2026 earnings released: AU$0.11 loss per share (vs AU$0.13 profit in FY 2025)Full year 2026 results: AU$0.11 loss per share (down from AU$0.13 profit in FY 2025). Revenue: AU$459.2m (down 64% from FY 2025). Net loss: AU$122.0m (down 190% from profit in FY 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Jul 28BGO and Investa Residential Group Pty Limited agreed to acquire portfolio of assets from DEXUS (ASX:DXS) for AUD 715 million.BGO and Investa Residential Group Pty Limited agreed to acquire portfolio of assets from DEXUS (ASX:DXS) for AUD 715 million on July 27, 2026. BGO and the Investa Commercial Property Fund (“ICPF”) will each hold a 50 per cent interest in 123 Albert Street, Brisbane. The balance of the transaction will see BGO acquire 30 The Bond. Cliffbrook is working alongside BGO as its local Australian partner on the transaction.
お知らせ • Jul 15Dexus Provides Update on APAC MatterDexus provided the following update on the APAC matter most recently outlined in its announcements on May 29, June 5, June 12, June 18 and June 25, 2026. The appeals filed by both the Rest Infrastructure Trust (REST Appeal) and the remainder of the Dexus Bloc (Dexus Bloc Appeal) (together, the Appeals) were listed before the Court for directions. The Court made orders fixing a hearing date for both the REST Appeal and the Dexus Bloc Appeal on October 20, 2026 for a period of three days, along with directions for procedural steps ahead of the hearing. APAC has filed a Notice of Cross-Appeal in the Dexus Bloc Appeal contending that, if the Default Notice is not valid as against the Non-Selling Shareholders, it was still valid as against the Dexus Bloc Selling Shareholders as defined in paragraph [31] of the judgment delivered by the Supreme Court of NSW on May 29, 2026 (Judgment). It has also filed a Notice of Cross-Appeal in the REST Appeal contending that, if the Default Notice is not valid as against REST, it should be valid as against all other members of the Dexus Bloc or alternatively against the Dexus Bloc Selling Shareholders as defined in paragraph [31] of the Judgment. Each of APAC, Future Fund, IFM and TCorp have filed Notices of Contention in both Appeals contending that the decision of the Supreme Court of NSW should be affirmed on grounds other than or additional to those relied upon by Justice Hammerschlag. Dexus will provide further updates on the APAC matter in accordance with its disclosure obligations.
Declared Dividend • Jun 25First half dividend of AU$0.18 announcedShareholders will receive a dividend of AU$0.18. Ex-date: 29th June 2026 Payment date: 28th August 2026 Dividend yield will be 8.2%, which is higher than the industry average of 5.8%.
お知らせ • Jun 23DEXUS Announces Estimated Distribution for the Six Months to 30 June 2026, Payable on 28 August 2026DEXUS announced an estimated distribution of 17.7 cents per security for the six months to 30 June 2026. The distribution will be paid by Dexus Property Trust, with a proposed record date of 30 June 2026, ex distribution date of 29 June 2026 and payment date of 28 August 2026.
お知らせ • Jun 20Dexus Finance Pty Limited Provides Update on APAC MatterDexus Finance Pty Limited had provided the following update on the APAC matter most recently outlined in its announcements on May 29, June 5 and June 12, 2026. One of the Dexus Bloc shareholders, REST Nominees No.2 Pty Ltd. as trustee of Rest Infrastructure Trust, has filed with the Supreme Court of New South Wales, Court of Appeal, a Notice of Appeal from the decision of the NSW Supreme Court of May 29, 2026 that the Default Notice is valid. The Notice of Appeal has been set down for first Directions on July 8, 2026. The other Dexus Bloc shareholders have until June 26, 2026 to file any appeal. Dexus Finance Pty Limited will provide further updates on the APAC matter in accordance with its disclosure obligations.
お知らせ • Feb 27DEXUS Reaffirms Distribution Guidance for the 12 Months Ending 30 June 2026DEXUS reaffirmed distribution guidance for the 12 months ending 30 June 2026. For the Barring unforeseen circumstances, for the 12 months ending 30 June 2026, the company reaffirms its expectation for distributions of 37.0 cents per security.
お知らせ • Feb 10Dexus Industria REIT (ASX:DXI) acquired remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million.Dexus Industria REIT (ASX:DXI) acquired remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million on February 9, 2026. A cash consideration of AUD 49.6 million will be paid by Dexus Industria REIT. As part of consideration, AUD 49.6 million is paid towards 12 Church Street, Moorebank, NSW. Upon completion, Dexus Industria REIT will hold 100% stake in 12 Church Street, Moorebank, NSW. The transaction will be financed through existing debt facilities. Dexus Industria REIT (ASX:DXI) completed the acquisition of the remaining 50% stake in 12 Church Street, Moorebank, NSW from DEXUS (ASX:DXS) for AUD 49.6 million on February 9, 2026.
お知らせ • Oct 25DEXUS Reportedly to Sell the Bond Complex in Sydney for About AUD 280 MillionDEXUS (ASX:DXS) is set to become the latest to capitalise on the pick-up in the office market and is selling The Bond complex in Sydney for about AUD 280 million. The building is in the sights of funds house AsheMorgan, which is in due diligence to buy the A-grade office tower in the Barangaroo precinct. Dexus has been weighing up selling the block for more than a year and had earlier put rival groups into due diligence. They were unable to close off deals as confidence in the office market was still weak. However, this is starting to turn around quite quickly, with sales in train for both large assets and smaller value-add style buildings. The buyers are backing themselves to find new tenants at a time when incentives in many markets are coming down and inquiry levels are rising. AsheMorgan is believed to be confident in its capacity to both attract capital for the purchase, which shows good metrics, and boost the leasing in the building. The sale price is also above a previously held book value of about AUD 260 million, showing that buildings are starting to not only stabilise but rise in value when they are in attractive city corridors. Large institutions are still selling down some assets in order to keep their gearing in check and smaller fund managers are in buy mode, along the eastern seaboard. The change in sentiment is partly driven by lower interest rates, which are driving down finance costs, and improving demand for property syndicates as investors flock to them as term deposit rates head down. There is also less risk of office values falling again and the need for syndicates to come back to their investors in order to top up their equity . The block, 30 The Bond, at 30-34 Hickson Road, was offered off-market in late 2023 in line with Dexus's strategy of recycling capital into higher returning -opportunities. It had June 2023 book value of AUD 354 million but this dropped down to about AUD 260 million as interest rates were hiked. The A-grade office tower sports a full height atrium providing an abundance of natural light. The nine-level building has glass lifts, suspended meeting rooms and open breakout spaces, as well as large floor plates providing workspace efficiency and flexibility. It sits close to the heart of Sydney's Rocks precinct and benefits from a wide variety of restaurants, hotels, bars and cafes. The block at 30 The Bond offers convenient and direct access to public transport. Wynyard Walk provides quick undercover access to trains and buses, while Barangaroo Ferry Wharf is just minutes from the doorstep. Dexus this year offloaded a Melbourne office building -Flinders Gate for AUD 254.5 million via CBRE.
お知らせ • Sep 26Wentworth Capital Pty Ltd acquired Rydalmere Metro Centre from Dexus Wholesale Property Fund managed byDEXUS (ASX:DXS) for approximately AUD 150 million.Wentworth Capital Pty Ltd acquired Rydalmere Metro Centre from Dexus Wholesale Property Fund managed by DEXUS (ASX:DXS) for approximately AUD 150 million on September 25, 2025. Wentworth Capital Pty Ltd completed the acquisition of Rydalmere Metro Centre from Dexus Wholesale Property Fund managed by DEXUS (ASX:DXS) on September 25, 2025.
お知らせ • Sep 25DEXUS, Annual General Meeting, Oct 29, 2025DEXUS, Annual General Meeting, Oct 29, 2025. Location: dexus place, level 15, 1 farrer place, sydney nsw 2000 Australia
お知らせ • Aug 21+ 1 more updateDEXUS Provides Distributions Guidance for the Twelve Months Ending 30 June 2026DEXUS provided distributions guidance for the twelve months ending 30 June 2026. For the year, the company expects distributions of 37.0 cents per security.
お知らせ • Jun 26Dexus Announces Ordinary Dividend on Dxs - Fully Paid Units Stapled Securities for Period of Six Months Ended June 30, 2025, Payable on August 29, 2025DEXUS announced ordinary dividend on DXS - FULLY PAID UNITS STAPLED SECURITIES for period of six months ended June 30, 2025 of AUD 0.18000000. Ex Date is June 27, 2025. Record Date is June 30, 2025. Payment Date is August 29, 2025.
お知らせ • Jun 06PAG Reportedly Eyes Melbourne's Flinders Gate ComplexHong Kong private equity and real estate company PAG is again looking to snap up a Melbourne office tower at a time when many rival companies are steering clear of the city. The company is circling the Flinders Gate complex that adjoins Melbourne's renowned Adelphi Hotel, with listed property group DEXUS (ASX:DXS) looking to sell it around the $260 million mark after redeveloping the office complex five years ago. The Asia-based manager has previously bought while Melbourne's office market is at a low point, last year picking up a tower at 367 Collins Street from listed group Mirvac for about $340 million. The Flinders Gate office complex comprises two boutique buildings and a multi-deck carpark. It could be slotted into a core mandate managed by the offshore group. Dexus redeveloped the tower after winning builder John Holland to anchor the Flinders Street complex on a site opposite Federation Square. It also houses tenants including Netwealth, Cox Architecture and developer Time & Place. But private players are buying. Notably, property tycoon Harry Stamoulis, whose family fortune was originally struck in the Gold Medal soft drink empire, is buying again, with his company in due diligence on 357 Collins Street that a Frasers-run trust is selling for about $200 million. Dexus declined to comment.
お知らせ • May 22Update on the Dexus Bloc Interest in Australia Pacific Airports Corporation (APAC)Dexus provided an update in reference to its ASX release of 16 May 2025 and the notice received from the APAC Board to which it refers (Notice). In order to protect the interests of the Dexus Bloc Shareholders, Dexus filed proceedings in the New South Wales Supreme Court contesting the validity of the Notice. Dexus has obtained an injunction against APAC. The Injunction temporarily lifts the suspension of the governance, voting and information rights of the Dexus Bloc Shareholders that arose on the issue of the Notice, and prevents any valuation of the Dexus Bloc Shareholder interests from being finalised while the dispute is being determined (consequently preventing any forced sale occurring). The Injunction is to remain in place until the Court makes its final ruling in the proceeding, which is scheduled to be heard on 11 and 12 August 2025. In exchange for the Injunction, Dexus has committed to pay any damages that may arise to impacted parties in the event that its claim does not succeed (as is usual in exchange for orders of this kind). Dexus will continue to assess potential impacts of this matter and will provide further updates in accordance with its disclosure obligations.
お知らせ • Feb 18DEXUS Provides Distributions for the 12 Months Ending 30 June 2025DEXUS provided distributions for the 12 months ending 30 June 2025. For the year, the company expects distributions of circa 37.0 cents per security for the 12 months ending 30 June 2025.
Board Change • Dec 30High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director of Dexus Funds Management Limited Peeyush Kumar Gupta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 23DEXUS(ASX:DXS) dropped from S&P/ASX 50 IndexDEXUS(ASX:DXS) dropped from S&P/ASX 50 Index
お知らせ • Nov 29Aware Super Pty Ltd agreed to acquire Office building at 145 Ann Street, Brisbane from DEXUS (ASX:DXS) and Canada Pension Plan Investment Board for approximately AUD 210 million.Aware Super Pty Ltd agreed to acquire Office building at 145 Ann Street, Brisbane from DEXUS (ASX:DXS) and Canada Pension Plan Investment Board for approximately AUD 210 million on November 28, 2024. A cash consideration of AUD 213.9 million will be paid by Aware Super Pty Ltd. As part of consideration, AUD 213.9 million is paid towards assets of Office building at 145 Ann Street, Brisbane. The expected completion of the transaction is December 2024.
お知らせ • Oct 31An undisclosed buyer acquired B grade suburban office building in Sydney. from DEXUS (ASX:DXS).An undisclosed buyer agreed to acquire B grade suburban office building in Sydney. from DEXUS (ASX:DXS) for AUD 69.1 million on June 27, 2024. A cash consideration of AUD 69.1 million will be paid by the buyer. As part of consideration, AUD 69.1 million is paid towards assets of B grade suburban office building in Sydney. The expected completion of the transaction is November 2024.Sale proceeds will initially be utilized to repay debt An undisclosed buyer completed the acquisition of B grade suburban office building in Sydney. from DEXUS (ASX:DXS) on October 30, 2024.
お知らせ • Aug 29Dexus Provides Distribution Policy UpdateDexus provided Distribution policy update. Consistent with Dexus's strategy, from Fiscal year 2025 the distribution policy has been updated to pay out 80% to 100% of AFFO, providing a sustainable source of capital to invest through the cycle into return- enhancing investment opportunities.
お知らせ • Aug 22DEXUS Announces Dividend for the Period Ended June 30, 2024, Payable on August 29, 2024DEXUS announced dividend of 21.3 cents per security for the period ended June 30, 2024, as compared to 23.6 cents per security a year ago. This distribution is to be paid on August 29, 2024.
Reported Earnings • Aug 20Full year 2024 earnings released: AU$1.47 loss per share (vs AU$0.70 loss in FY 2023)Full year 2024 results: AU$1.47 loss per share (further deteriorated from AU$0.70 loss in FY 2023). Revenue: AU$923.9m (up 43% from FY 2023). Net loss: AU$1.58b (loss widened 110% from FY 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 20+ 1 more updateDEXUS to Report First Half, 2025 Results on Feb 19, 2025DEXUS announced that they will report first half, 2025 results on Feb 19, 2025
お知らせ • Jul 17Dexus Announces Executive ChangesDexus announced the appointment of Nik Kemp to the newly created role of Executive General Manager, Growth Markets. Nik will support the sectors in which Dexus is actively building capability and scale, including infrastructure, healthcare and alternative investments. Nik is an experienced infrastructure and real assets professional. He joins Dexus from AustralianSuper, where he held the role of Global Head of Real Assets and is a non-executive director on the boards of Sydney Airport and WestConnex. Marjan van der Burg has been appointed Chief People Officer, reinforcing Dexus's focus on building diverse teams to drive leadership across its real asset platform. Prior to joining Dexus, Marjan held a number of roles at Macquarie Group in Australia and overseas. After 11 years at Dexus, Deborah Coakley will be stepping down as Chief Executive, Funds Management to pursue another opportunity, effective 17 July 2024. Dexus will undertake a comprehensive internal and external recruitment process for the funds management executive role. In the interim, Ross Du Vernet, Group CEO & Managing Director, will work closely with the funds management leadership team and capital partners.
Declared Dividend • Jun 21First half dividend of AU$0.21 announcedShareholders will receive a dividend of AU$0.21. Ex-date: 27th June 2024 Payment date: 29th August 2024 Dividend yield will be 9.8%, which is higher than the industry average of 5.8%.
Board Change • May 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Peeyush Kumar Gupta was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Chief Investment Officer & Executive Director of Dexus Funds Management Limited Ross Du Vernet was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Dec 21Upcoming dividend of AU$0.27 per share at 6.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 February 2024. Trailing yield: 6.6%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.5%).
お知らせ • Dec 15Dexus Announces the Ordinary Dividend for the Six Month Ending December 31, 2023, Payable on February 29, 2024Dexus announced the ordinary dividend of AUD 0.26700000 for the six month ending December 31, 2023. Payable on February 29, 2024 with record date of December 29, 2023 and Ex-date is December 28, 2023.
お知らせ • Dec 11+ 1 more updateDexus Announces Chief Executive Officer Changes, Effective 28 March 2024Dexus announced the appointment of Ross Du Vernet as the next chief executive officer (CEO) the company. Ross will take up the CEO appointment on 28 March 2024. Darren Steinberg will continue as Dexus CEO until that time and will work closely with the Board and Ross to ensure a smooth transition. Ross has been a member of the Executive Leadership Team since he joined Dexus in 2012 and currently serves as Chief Investment Officer at Dexus. He has more than 20 years of extensive experience in the property industry with a background in corporate transactions, strategy, development and funds management in Australia and abroad.
お知らせ • Oct 26Darren Steinberg to Step Down as Dexus CEODexus announces that Chief Executive Officer, Darren Steinberg, has advised of his intention to step down in 2024 after more than 11 years in the role. Darren will continue as CEO until the commencement of his successor and will work closely with the Board to ensure a smooth transition. The Board has commenced a process for his replacement.
お知らせ • Oct 12Buyers Reportedly on Runway for Airport StakesSerious contenders are starting to surface for the sale of a major stake in Queensland Airport Limited, with Stonepeak Partners LP, Global Infrastructure Management, LLC and KKR & Co. Inc. (NYSE:KKR) all said to be running the ruler over the infrastructure offering. Queensland Airport owns regional airports including Gold Coast, Townsville, Mount Isa and Longreach Airports. Initially, a 40% stake was on offer through Barrenjoey and thought to be worth more than $1 billion, but now that the sale has changed path to be 74% of the business on offer, the thinking is that the asset becomes far more attractive. The larger share means that active infrastructure investors will now be keen to compete because they have operational control. Stonepeak, KKR and GIP, along with DEXUS (ASX:DXS), which owns the former AMP Capital infrastructure business, are the groups believed to be giving an acquisition serious thought. Shareholders are listed as The Infrastructure Fund, Perron Investments, Australian Retirement Trust, Allan Moss, Queensland Airport Investments, Project Cricket State Super Unit Trust, and Lipno Holdings. It comes as the sale process for a stake in Perth Airport is expected to get under way imminently. Earlier, it was expected that the investment bank overseeing the sale of a stake, UBS, would not run a sale process.
お知らせ • Aug 18An unknown buyer agreed to acquire A grade office building at 1 Margaret Street from DEXUS (ASX:DXS) for AUD 300 million.An unknown buyer agreed to acquire A grade office building at 1 Margaret Street from DEXUS (ASX:DXS) for AUD 300 million on August 18, 2023. Settlement is expected to occur in October 2023.
New Risk • Aug 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share.
Reported Earnings • Aug 16Full year 2023 earnings releasedFull year 2023 results: Revenue: AU$503.1m (down 71% from FY 2022). Net loss: AU$60.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Aug 16+ 2 more updatesDEXUS to Report First Half, 2024 Results on Feb 14, 2024DEXUS announced that they will report first half, 2024 results on Feb 14, 2024
New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (113% cash payout ratio).
お知らせ • Jun 16An 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 has exchanged contracts to acquire Axxess Corporate Park, Mount Waverley Victoria from DEXUS (ASX:DXS) for approximately AUD 310 million on June 15, 2023. The sale is subject to FIRB approval and is otherwise unconditional. Settlement is expected in early July 2023.
お知らせ • Jun 10An unknown buyer entered into an agreement to acquire CBD A Grade Office Building in Sydney from Dexus (ASX:DXS).An unknown buyer entered into an agreement to acquire CBD A Grade Office Building in Sydney from Dexus (ASX:DXS) for AUD 390 million on June 9, 2023. The sale will realize proceeds of AUD 393.1 million, reflecting a 17.2% discount to the December 2022 independent valuation. The sale is subject to FIRB approval and is otherwise unconditional. The settlement is expected in late July 2023.
Recent Insider Transactions • Mar 01Board Member recently bought €139k worth of stockOn the 22nd of February, Paula Dwyer bought around 25k shares on-market at roughly €5.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €714k more in shares than they have sold in the last 12 months.
Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €6.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to decline by 29% in 2 years. Earnings is forecast to decline by 8.7% in the next 2 years.
Reported Earnings • Feb 14First half 2023 earnings released: EPS: AU$0.022 (vs AU$0.75 in 1H 2022)First half 2023 results: EPS: AU$0.022 (down from AU$0.75 in 1H 2022). Revenue: AU$586.3m (down 42% from 1H 2022). Net income: AU$23.1m (down 97% from 1H 2022). Profit margin: 3.9% (down from 79% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Feb 14Dexus Announces Actual Dividend for the Six Month Ending December 31, 2022, Payable on February 28, 2023Dexus announced the actual dividend of AUD 0.28000000 for the six month ending December 31, 2022. Payable on February 28, 2023 with record date of December 12, 2022 and Ex-date is December 29, 2022.
Buying Opportunity • Nov 09Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be €6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 4.7%. For the next 3 years, revenue is forecast to decline by 12% per annum. Earnings is also forecast to decline by 12% per annum over the same time period.
Recent Insider Transactions • Nov 04Key Executive recently bought €50k worth of stockOn the 31st of October, Warwick Negus bought around 10k shares on-market at roughly €5.01 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €118k. Warwick has been a buyer over the last 12 months, purchasing a net total of €321k worth in shares.
Recent Insider Transactions • Sep 08Key Executive recently bought €118k worth of stockOn the 31st of August, Wallace Sheppard bought around 20k shares on-market at roughly €5.89 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wallace's only on-market trade for the last 12 months.
Reported Earnings • Aug 18Full year 2022 earnings released: FFO per share: AU$0.7 (vs AU$0.66 in FY 2021)Full year 2022 results: FFO per share: AU$0.7 (up from AU$0.66 in FY 2021). Revenue: AU$1.74b (up 9.7% from FY 2021). Funds from operations (FFO): AU$757.6m (up 5.7% from FY 2021). FFO margin: 44% (down from 45% in FY 2021). Over the next year, revenue is forecast to decline by 48% while the REITs industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 17+ 2 more updatesDexus to Report Fiscal Year 2023 Results on Aug 16, 2023Dexus announced that they will report fiscal year 2023 results on Aug 16, 2023
Recent Insider Transactions • May 24Board Member recently bought €53k worth of stockOn the 18th of May, Mark Henry Ford bought around 7k shares on-market at roughly €7.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth €148k. Insiders have collectively bought €235k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 12Board Member recently bought €148k worth of stockOn the 10th of May, Warwick Negus bought around 20k shares on-market at roughly €7.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Feb 17First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: FFO: AU$1.02b per share (up from AU$0.34 in 1H 2021). Revenue: AU$1.02b (up 21% from 1H 2021). Funds from operations (FFO): AU$396.7m (up 5.6% from 1H 2021). FFO margin: 39% (down from 45% in 1H 2021). Revenue exceeded analyst estimates by 27%. Over the next year, revenue is forecast to decline by -50% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 23Upcoming dividend of AU$0.28 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 28 February 2022. Trailing yield: 4.6%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).
Executive Departure • Oct 07Chief Financial Officer of Dexus Funds Management Limited Alison Harrop has left the companyOn the 30th of September, Alison Harrop's tenure as Chief Financial Officer of Dexus Funds Management Limited ended after 6.0 years in the role. We don't have any record of a personal shareholding under Alison's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.42 years.
Reported Earnings • Aug 21Full year 2021 earnings released: FFO AU$0.66 per share (vs AU$0.67 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: AU$1.58b (up 6.4% from FY 2020). Funds from operations (FFO): AU$717.0m (down 1.8% from FY 2020). FFO margin: 45% (down from 49% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Executive Departure • Jul 01Independent Non-Executive Director of DEXUS Funds Management Limited Peter St. George has left the companyOn the 30th of June, Peter St. George's tenure as Independent Non-Executive Director of DEXUS Funds Management Limited ended after 12.2 years in the role. As of March 2021, Peter still personally held 30.57k shares (€152k worth at the time). Peter is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.08 years.
Reported Earnings • Feb 11First half 2021 earnings released: FFO AU$0.34 per share (vs AU$0.35 in 1H 2020)The company reported a mediocre first half result with weaker revenues, although earnings were flat and profit margins improved. First half 2021 results: Revenue: AU$838.1m (down 17% from 1H 2020). Funds from operations (FFO): AU$375.6m (flat on 1H 2020). FFO margin: 45% (up from 38% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 11New 90-day low: €5.43The company is down 5.0% from its price of €5.71 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.59 per share.
Is New 90 Day High Low • Dec 15New 90-day high: €6.01The company is up 9.0% from its price of €5.52 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.93 per share.
Is New 90 Day High Low • Nov 11New 90-day high: €5.87The company is up 16% from its price of €5.08 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.32 per share.
Is New 90 Day High Low • Oct 24New 90-day high: €5.65The company is up 5.0% from its price of €5.40 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.40 per share.
お知らせ • Aug 20Dexus to Report First Half, 2021 Results on Feb 10, 2021Dexus announced that they will report first half, 2021 results on Feb 10, 2021
お知らせ • Aug 08The Healthcare Wholesale Property Fund, managed by Dexus (ASX:DXS) signed a contract to acquire College Junction commercial complex at Clayfield in Brisbane for AUD 36.5 million.The Healthcare Wholesale Property Fund, managed by Dexus (ASX:DXS) signed a contract to acquire College Junction commercial complex at Clayfield in Brisbane for AUD 36.5 million on August 5, 2020. The transaction is expected to close in November 2020.
お知らせ • Jul 31An unknown buyer agreed to acquire 25% stake in CBD Office Tower at 201 Elizabeth Street, Sydney from Dexus (ASX:DXS) for approximately AUD 160 million.An unknown buyer agreed to acquire 25% stake in CBD Office Tower at 201 Elizabeth Street, Sydney from Dexus (ASX:DXS) for approximately AUD 160 million on July 30, 2020.