• Delivered strong sustainability performance, with 7 funds and investments achieving 5-star GRESB ratings
• Maintained balance sheet strength with pro forma gearing of 31.3% and 83% of debt hedged
• Continued focus on capital recycling, with c.$665 million of Dexus divestments since FY24 results

Dexus reported its HY25 results, showcasing the strength and diversification of its integrated platform. The company's investment portfolio was valued at $14.5 billion, with a further $38.9 billion in third-party funds under management, for a total of $53.4 billion in assets. Dexus continued to enhance the quality of its portfolio, with 95% of the office portfolio now in prime grade assets and 76% located in core CBDs. The industrial portfolio also saw improvements, with core industrial assets now representing 90% of the portfolio. Sustainability remained a key focus, with 7 funds and investments achieving 5-star GRESB ratings. Dexus also made progress on its capital recycling strategy, with c.$665 million in divestments since the FY24 results. The company maintained a strong balance sheet, with pro forma gearing of 31.3% and 83% of debt hedged. The funds management business continued to deliver outperformance, with DWPF, DWSF, and DDIT outperforming their benchmarks. Dexus also made progress on its committed development pipeline, with c.$1 billion of spend expected to be incurred by the end of FY26.

Dexus has secured circa $20 million of performance fees for FY26 and circa $35 million of trading profits (post tax) for FY26.