DEXUS Management

Management criteria checks 4/4

DEXUS' CEO is Darren Steinberg, appointed in Mar 2012, has a tenure of 11.75 years. total yearly compensation is A$4.91M, comprised of 32.1% salary and 67.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth A$11.35M. The average tenure of the management team and the board of directors is 3.9 years and 4.5 years respectively.

Key information

Darren Steinberg

Chief executive officer

AU$4.9m

Total compensation

CEO salary percentage	32.1%
CEO tenure	11.8yrs
CEO ownership	0.1%
Management average tenure	3.9yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

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

Oct 12

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

Dec 24

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

Dec 03

Is Dexus (ASX:DXS) Popular Amongst Institutions?

Aug 31

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

Aug 02

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

Jun 22

CEO Compensation Analysis

How has Darren Steinberg's remuneration changed compared to DEXUS's earnings?
Date	Total Comp.	Salary	Company Earnings
Jun 30 2023	AU$5m	AU$2m	-AU$753m
Mar 31 2023	n/a	n/a	AU$42m
Dec 31 2022	n/a	n/a	AU$836m
Sep 30 2022	n/a	n/a	AU$1b
Jun 30 2022	AU$6m	AU$2m	AU$2b
Mar 31 2022	n/a	n/a	AU$2b
Dec 31 2021	n/a	n/a	AU$2b
Sep 30 2021	n/a	n/a	AU$1b
Jun 30 2021	AU$5m	AU$2m	AU$1b
Mar 31 2021	n/a	n/a	AU$779m
Dec 31 2020	n/a	n/a	AU$420m
Sep 30 2020	n/a	n/a	AU$696m
Jun 30 2020	AU$4m	AU$2m	AU$973m
Mar 31 2020	n/a	n/a	AU$1b
Dec 31 2019	n/a	n/a	AU$2b
Sep 30 2019	n/a	n/a	AU$1b
Jun 30 2019	AU$6m	AU$2m	AU$1b
Mar 31 2019	n/a	n/a	AU$1b
Dec 31 2018	n/a	n/a	AU$1b
Sep 30 2018	n/a	n/a	AU$2b
Jun 30 2018	AU$5m	AU$2m	AU$2b
Mar 31 2018	n/a	n/a	AU$2b
Dec 31 2017	n/a	n/a	AU$2b
Sep 30 2017	n/a	n/a	AU$1b
Jun 30 2017	AU$5m	AU$2m	AU$1b

Compensation vs Market: Darren's total compensation ($USD3.24M) is about average for companies of similar size in the Australian market ($USD2.60M).

Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.

CEO

Darren Steinberg

11.8yrs

Tenure

AU$4,912,775

Compensation

Mr. Darren Joseph Steinberg is Chief Executive Officer of APN Funds Management Ltd. He is CEO & Executive Director of DEXUS Funds Management Limited of DEXUS from March 01, 2012. He joined the DEXUS on Mar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Darren Steinberg	CEO & Executive Director of DEXUS Funds Management Limited	11.8yrs	AU$4.91m	0.15% A$ 11.4m
Keir Barnes	Chief Financial Officer of Dexus Funds Management Limited	2.2yrs	AU$1.47m	0.0016% A$ 127.2k
Ross Du Vernet	Chief Investment Officer of Dexus Funds Management Limited	7.4yrs	AU$2.12m	0.014% A$ 1.1m
Melanie Bourke	Chief Operating Officer of Dexus Funds Management Limited	3.9yrs	no data	no data
Rowena Causley	Head of Investor Relations	no data	no data	no data
Brett Cameron	General Counsel & Company Secretary of Dexus Funds Management Limited	9.2yrs	no data	no data
Louise Murray	Senior Manager of Corporate Affairs & Communications	no data	no data	no data
Paul Oates	Group General Manager of Development	9yrs	no data	no data
Fiona Nash	Head of People & Culture	less than a year	no data	no data
Richard Garing	Regional General Manager of Office & Industrial	no data	no data	no data
Michael Cummings	Co-Head of Infrastructure of Dexus Funds Management Limited	less than a year	no data	no data
Michael Bessell	Co-Head of Infrastructure of Dexus Funds Management Limited	less than a year	no data	no data

3.9yrs

Average Tenure

Experienced Management: DXS's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Darren Steinberg	CEO & Executive Director of DEXUS Funds Management Limited	11.8yrs	AU$4.91m	0.15% A$ 11.4m
Penelope Bingham-Hall	Independent Non-Executive Director of DEXUS Funds Management Limited	9.5yrs	AU$232.05k	0.0031% A$ 236.5k
Mark Henry Ford	Independent Non-Executive Director of DEXUS Funds Management Limited	7.1yrs	AU$282.05k	0.0016% A$ 124.8k
Warwick Negus	Independent Chair of DEXUS Funds Management Limited	2.8yrs	AU$390.14k	0.0056% A$ 433.4k
Paula Dwyer	Independent Director of DEXUS Funds Management Limited	less than a year	AU$78.84k	0.0023% A$ 180.7k
Elana Rubin	Independent Non-Executive Director of DEXUS Funds Management Limited	1.3yrs	AU$177.06k	0.0026% A$ 200.8k
Rhoda Phillippo	Independent Director of DEXUS Funds Management Limited	less than a year	AU$77.35k	0.00079% A$ 61.3k
Nicola Roxon	Independent Non-Executive Director of DEXUS Funds Management Limited	6.3yrs	AU$232.05k	0.0024% A$ 185.3k

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: DXS's board of directors are considered experienced (4.5 years average tenure).

DEXUS Management

Management criteria checks 4/4

Key information

Recent management updates

Darren Steinberg to Step Down as Dexus CEO

Darren Steinberg to Step Down as Dexus CEO

Board Member recently bought AU$50k worth of stock

Key Executive recently bought AU$77k worth of stock

Key Executive recently bought AU$173k worth of stock

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

Recent updates

Darren Steinberg to Step Down as Dexus CEO

Darren Steinberg to Step Down as Dexus CEO

Buyers Reportedly on Runway for Airport Stakes

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

New major risk - Financial position

Full year 2023 earnings: Revenues miss analyst expectations

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

New major risk - Revenue and earnings growth

Consensus revenue estimates decrease by 10%

New major risk - Revenue and earnings growth

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

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

Now 21% undervalued

Board Member recently bought AU$50k worth of stock

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

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

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

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

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

Key Executive recently bought AU$77k worth of stock

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

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

Key Executive recently bought AU$173k worth of stock

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

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

Now 20% undervalued after recent price drop

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

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

Board Member recently bought AU$79k worth of stock

Board Member recently bought AU$225k worth of stock

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

Now 20% undervalued

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

Dexus Confirms Discussions with AMP

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

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

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

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

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

First half 2022 earnings: EPS and revenues exceed analyst expectations

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

Upcoming dividend of AU$0.28 per share

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

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

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

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

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

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

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

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

Dexus Reportedly to Sell $1.3 Billion of Towers

Consensus EPS estimates increase to AU$0.60

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

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

Dexus Healthcare Property Fund managed by Dexus (ASX:DXS) acquired two inner-city Brisbane medical related properties from Silverstone Developments Pty Ltd for $130.7 million.

Independent Non-Executive Director of DEXUS Funds Management Limited Peter St. George has left the company

Dexus Upgrades Dividend Guidance for the Full Year Ending June 30, 2021

Dexus (ASX:DXS) entered into a binding Scheme Implementation Deed to acquire APN Property Group Limited (ASX:APD) for AUD 320 million.

What You Need To Know About Dexus' (ASX:DXS) Investor Composition

How Much Did Dexus' (ASX:DXS) CEO Pocket Last Year?

LOGOS Reportedly Taps Moelis in Bid for Milestone Logistics

First half 2021 earnings released: FFO AU$0.34 per share (vs AU$0.35 in 1H 2020)

New 90-day low: AU$8.85

China Investment Corporation completed the acquisition of additional 50% majority stake in Grosvenor Place Office Building in Sydney, Australia from DEXUS Office Partnership managed by Dexus (ASX:DXS) and Canada Pension Plan Investment Board.

Dexus (ASX:DXS) Insiders Increased Their Holdings

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

Charter Hall, Dexus, ESR and Centuria Reportedly in Hunt for Blackstone Portfolio of Australian Industrial Properties

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