DEXUS Past Earnings Performance

Past criteria checks 0/6

DEXUS's earnings have been declining at an average annual rate of -33.6%, while the Office REITs industry saw earnings growing at 3.1% annually. Revenues have been declining at an average rate of 10.4% per year.

Key information

-33.6%

Earnings growth rate

-34.3%

EPS growth rate

Office REITs Industry Growth	-19.0%
Revenue growth rate	-10.4%
Return on equity	-12.1%
Net Margin	-459.8%
Next Earnings Update	14 Aug 2024

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How DEXUS makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:DXS Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	299	-1,373	288
30 Sep 23	473	-1,063	255
30 Jun 23	648	-753	222
31 Mar 23	977	42	208
31 Dec 22	1,306	836	193
30 Sep 22	1,522	1,226	190
30 Jun 22	1,737	1,616	186
31 Mar 22	1,750	1,558	175
31 Dec 21	1,763	1,500	165
30 Sep 21	1,673	1,319	154
30 Jun 21	1,584	1,138	143
31 Mar 21	1,450	779	147
31 Dec 20	1,317	420	151
30 Sep 20	1,403	696	151
30 Jun 20	1,489	973	150
31 Mar 20	1,550	1,261	140
31 Dec 19	1,611	1,549	129
30 Sep 19	1,471	1,415	125
30 Jun 19	1,331	1,281	121
31 Mar 19	1,366	1,370	117
31 Dec 18	1,400	1,458	113
30 Sep 18	1,389	1,594	110
30 Jun 18	1,379	1,729	106
31 Mar 18	1,397	1,637	104
31 Dec 17	1,416	1,545	102
30 Sep 17	1,396	1,405	101
30 Jun 17	1,376	1,264	99
31 Mar 17	1,286	1,221	96
31 Dec 16	1,197	1,178	93
30 Sep 16	1,295	1,219	92
30 Jun 16	1,392	1,260	91
31 Mar 16	1,400	1,209	91
31 Dec 15	1,409	1,158	91
30 Sep 15	1,260	889	89
30 Jun 15	1,111	619	86
31 Mar 15	1,049	503	83
31 Dec 14	987	387	80
30 Sep 14	873	397	76
30 Jun 14	758	407	71
31 Mar 14	716	478	71
31 Dec 13	674	550	70
30 Sep 13	666	536	69
30 Jun 13	659	522	68

Quality Earnings: DXS is currently unprofitable.

Growing Profit Margin: DXS is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DXS is unprofitable, and losses have increased over the past 5 years at a rate of 33.6% per year.

Accelerating Growth: Unable to compare DXS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DXS is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-7.7%).

Return on Equity

High ROE: DXS has a negative Return on Equity (-12.08%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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DEXUS Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2023 earnings: Revenues miss analyst expectations

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

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

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

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

First half 2022 earnings: EPS and revenues exceed analyst expectations

Recent updates

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.

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.

Revenue & Expenses Breakdown
Beta