DXS Stock Overview

Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $54.5 billion. More details

DXS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	0/6
Dividends	5/6

Rewards

Trading at 33.5% below our estimate of its fair value

Earnings are forecast to grow 47.85% per year

Analysts in good agreement that stock price will rise by 21.6%

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

DEXUS Competitors

Abacus Group

ASX:ABG

AU$1.0b

Cromwell Property Group

ASX:CMW

AU$1.0b

Centuria Office REIT

ASX:COF

AU$684.0m

Australian Unity Office Fund

ASX:AOF

AU$176.7m

Price History & Performance

Summary of share price highs, lows and changes for DEXUS
Historical stock prices
Current Share Price	AU$6.64
52 Week High	AU$8.04
52 Week Low	AU$6.37
Beta	0.82
1 Month Change	-2.78%
3 Month Change	-14.43%
1 Year Change	-13.88%
3 Year Change	-40.45%
5 Year Change	-44.67%
Change since IPO	-16.79%

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

Shareholder Returns

	DXS	AU Office REITs	AU Market
7D	-2.2%	-0.1%	-2.0%
1Y	-13.9%	-11.5%	7.8%

Return vs Industry: DXS underperformed the Australian Office REITs industry which returned -11.5% over the past year.

Return vs Market: DXS underperformed the Australian Market which returned 7.8% over the past year.

Price Volatility

Is DXS's price volatile compared to industry and market?
DXS volatility
DXS Average Weekly Movement	2.7%
Office REITs Industry Average Movement	3.2%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.1%

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	972	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 $54.5 billion. The Dexus platform includes the Dexus investment portfolio and the funds management business. We directly and indirectly own $14.8 billion of office, industrial, retail, healthcare, infrastructure and alternatives.

DEXUS Fundamentals Summary

How do DEXUS's earnings and revenue compare to its market cap?
DXS fundamental statistics
Market cap	AU$7.18b
Earnings (TTM)	-AU$1.58b
Revenue (TTM)	AU$338.30m

21.1x

P/S Ratio

-4.5x

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$338.30m
Cost of Revenue	AU$234.00m
Gross Profit	AU$104.30m
Other Expenses	AU$1.69b
Earnings	-AU$1.58b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 18, 2025

Earnings per share (EPS)	-1.48
Gross Margin	30.83%
Net Profit Margin	-468.16%
Debt/Equity Ratio	48.6%

How did DXS perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

77%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 08:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

DEXUS is covered by 22 analysts. 8 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
Russell Wright	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Benjamin Brayshaw	Barrenjoey Markets Pty Limited

DXS Stock Overview

Rewards

Risk Analysis

DEXUS Competitors

ASX:ABG

AU$1.0b

ASX:CMW

AU$1.0b

ASX:COF

AU$684.0m

ASX:AOF

AU$176.7m

Price History & Performance

Recent News & Updates

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.

An undisclosed buyer acquired B grade suburban office building in Sydney. from DEXUS (ASX:DXS).

Key Executive exercised options to buy AU$413k worth of stock.

Dexus Provides Distribution Policy Update

DEXUS Announces Dividend for the Period Ended June 30, 2024, Payable on August 29, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

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.

An undisclosed buyer acquired B grade suburban office building in Sydney. from DEXUS (ASX:DXS).

Key Executive exercised options to buy AU$413k worth of stock.

Dexus Provides Distribution Policy Update

DEXUS Announces Dividend for the Period Ended June 30, 2024, Payable on August 29, 2024

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

DEXUS to Report First Half, 2025 Results on Feb 19, 2025

Dexus Announces Executive Changes

First half dividend of AU$0.21 announced

High number of new directors

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.