DEXUS (DXS) Stock Overview
A leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at 51.5 billion dollars. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
DXS Community Fair Values
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Analyst Price Targets
DEXUS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$6.11 |
| 52 Week High | AU$7.73 |
| 52 Week Low | AU$5.82 |
| Beta | 0.75 |
| 1 Month Change | 3.38% |
| 3 Month Change | -4.53% |
| 1 Year Change | -19.61% |
| 3 Year Change | -24.29% |
| 5 Year Change | -40.16% |
| Change since IPO | -23.43% |
Recent News & Updates
Narrative Update • Apr 24
DXS: Share Buyback Plan Will Support Future Upside Potential
Analysts have made a small uplift to the DEXUS price target to A$7.35. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E that fine tune rather than overhaul their valuation view.
New Narrative • Apr 24
Office Headwinds And Development Commitments Will Shape Future Earnings Resilience
Catalysts About DEXUS DEXUS is an Australasian real asset manager with an investment portfolio and third party funds platform across office, industrial, retail, infrastructure, health care and alternatives. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
DXS: Buyback Plan Will Support Future Upside Despite Higher Risk Assumptions
Analysts have trimmed their DEXUS price target from A$7.52 to A$7.35, citing revised assumptions related to discount rates, revenue trends, profit margins and forward P/E multiples. What's in the News The Board of Directors authorized a buyback plan on February 18, 2026, signaling an intention to return capital to security holders through on market purchases over time (Key Developments).
New Narrative • Apr 07
Future Office And Industrial Portfolios Will Support Long Term Real Asset Income
Catalysts About DEXUS DEXUS manages a diversified Australasian real asset platform across office, industrial, retail, infrastructure, health care and alternative assets for balance sheet and third party capital. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 26
DXS: Share Buyback Will Support Future Upside Potential
Analysts have nudged their price target for DEXUS slightly lower, trimming fair value from A$7.57 to A$7.52 as they fine tune assumptions around the discount rate, revenue trends, and future P/E expectations. What's in the News Board of Directors authorizes a share buyback plan for DEXUS on February 18, 2026, signaling an approved framework for repurchases (Key Developments).Recent updates
Narrative Update • Apr 24
DXS: Share Buyback Plan Will Support Future Upside Potential
Analysts have made a small uplift to the DEXUS price target to A$7.35. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E that fine tune rather than overhaul their valuation view.New Narrative • Apr 24
Office Headwinds And Development Commitments Will Shape Future Earnings Resilience
Catalysts About DEXUS DEXUS is an Australasian real asset manager with an investment portfolio and third party funds platform across office, industrial, retail, infrastructure, health care and alternatives. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
DXS: Buyback Plan Will Support Future Upside Despite Higher Risk Assumptions
Analysts have trimmed their DEXUS price target from A$7.52 to A$7.35, citing revised assumptions related to discount rates, revenue trends, profit margins and forward P/E multiples. What's in the News The Board of Directors authorized a buyback plan on February 18, 2026, signaling an intention to return capital to security holders through on market purchases over time (Key Developments).New Narrative • Apr 07
Future Office And Industrial Portfolios Will Support Long Term Real Asset Income
Catalysts About DEXUS DEXUS manages a diversified Australasian real asset platform across office, industrial, retail, infrastructure, health care and alternative assets for balance sheet and third party capital. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 26
DXS: Share Buyback Will Support Future Upside Potential
Analysts have nudged their price target for DEXUS slightly lower, trimming fair value from A$7.57 to A$7.52 as they fine tune assumptions around the discount rate, revenue trends, and future P/E expectations. What's in the News Board of Directors authorizes a share buyback plan for DEXUS on February 18, 2026, signaling an approved framework for repurchases (Key Developments).Narrative Update • Mar 12
DXS: Share Buyback And Dividend Policy Will Support Future Upside Potential
Narrative Update The analyst price target for DEXUS has remained broadly consistent with prior assumptions, with only marginal adjustments to inputs such as the discount rate and future P/E. Analysts indicate that their core views on revenue trends and profit margin are effectively unchanged.Narrative Update • Feb 26
DXS: Index Removals And Buyback Will Highlight Resilient Dividend Stream
Analysts have trimmed their DEXUS price target slightly, with updated fair value moving from A$7.60 to about A$7.57 as they factor in a softer revenue outlook, a small easing in profit margin assumptions, a lower discount rate, and a higher future P/E of roughly 16.6x. What's in the News Board authorizes a share buyback plan on February 18, 2026, signaling fresh capital management activity (Key Developments).Narrative Update • Feb 11
DXS: Index Removals Will Present Opportunity As Dividend Stream Continues
Analysts have trimmed their fair value estimate for DEXUS from A$7.71 to A$7.60, citing a modestly higher discount rate and slightly lower future P/E expectations, while keeping revenue growth and profit margin assumptions broadly unchanged. What's in the News Dexus announced an ordinary dividend of A$0.193 per security for the six months ending December 31, 2025, payable on February 27, 2026, with a record date of December 31, 2025 and an ex date of December 30, 2025 (company announcement).Narrative Update • Jan 28
DXS: Future Dividend Flow From Office Sales Will Support Returns
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).Narrative Update • Jan 13
DXS: Capital Recycling Through Office Sales Will Support Future Returns
Analysts have trimmed their price target for DEXUS by about A$0.30. This reflects slightly lower fair value estimates, along with more moderate expectations for revenue contraction, profit margins and future P/E.Narrative Update • Oct 29
Industrial And Logistics Trends Will Unlock Future Asset Value
Analysts have modestly raised their price target for DEXUS, increasing it from $8.12 to $8.14. They cite updated forecasts of higher profit margins and slight improvements in valuation metrics, despite a more cautious outlook on revenue growth.
New Narrative • Feb 09
Investment In Urban Developments Like Atlassian Central Will Create Future Value
Integration of infrastructure and investment in urban developments could significantly enhance revenue through diversification and expertise leveraging.Analysis Article • Oct 12
Shareholders May Not Be So Generous With Dexus' (ASX:DXS) CEO Compensation And Here's Why
CEO Darren Steinberg has done a decent job of delivering relatively good performance at Dexus ( ASX:DXS ) recently. In...Shareholder Returns
| DXS | AU Office REITs | AU Market | |
|---|---|---|---|
| 7D | -2.4% | -1.4% | 0.2% |
| 1Y | -19.6% | -17.0% | 5.8% |
Return vs Industry: DXS underperformed the Australian Office REITs industry which returned -17% over the past year.
Return vs Market: DXS underperformed the Australian Market which returned 5.8% over the past year.
Price Volatility
| DXS volatility | |
|---|---|
| DXS Average Weekly Movement | 3.1% |
| Office REITs Industry Average Movement | 3.4% |
| Market Average Movement | 10.5% |
| 10% most volatile stocks in AU Market | 17.2% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: DXS has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: DXS's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 900 | Ross G. Vernet | www.dexus.com |
DEXUS is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at 51.5 billion dollars. The Dexus Platform includes the Dexus listed portfolio and the funds management business. The 15.3 billion dollars listed portfolio includes direct and indirect ownership of office, industrial, retail, healthcare, infrastructure, alternatives and other investments.
DEXUS Fundamentals Summary
| DXS fundamental statistics | |
|---|---|
| Market cap | AU$6.53b |
| Earnings (TTM) | AU$550.00m |
| Revenue (TTM) | AU$1.41b |
11.9x
P/E Ratio4.6x
P/S RatioIs DXS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DXS income statement (TTM) | |
|---|---|
| Revenue | AU$1.41b |
| Cost of Revenue | AU$217.70m |
| Gross Profit | AU$1.19b |
| Other Expenses | AU$644.20m |
| Earnings | AU$550.00m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 20, 2026
| Earnings per share (EPS) | 0.51 |
| Gross Margin | 84.58% |
| Net Profit Margin | 38.95% |
| Debt/Equity Ratio | 45.7% |
How did DXS perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield58%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/09 21:26 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
DEXUS is covered by 20 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Donald Chua | BofA Global Research |