Dexus First Half 2023 Earnings: EPS: AU$0.022 (vs AU$0.75 in 1H 2022)

Dexus (ASX:DXS) First Half 2023 Results

Key Financial Results

• 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.
• EPS: AU$0.022 (down from AU$0.75 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dexus Earnings Insights

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Dexus (1 makes us a bit uncomfortable!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.