• Delivered on guidance with AFFO of 45.0 cents per security
• Statutory net profit after tax of $482.2 million
• High occupancy rates and strong rent collections
• Raised $2 billion in third-party capital
• Completed $2.5 billion in divestments

Dexus (ASX: DXS) announced its 2026 annual results, delivering on its guidance with AFFO of 45.0 cents per security and distributions of 37.0 cents per security. The company reported a statutory net profit after tax of $482.2 million, up from $136.1 million in FY25. The portfolio maintained high occupancy rates, with office occupancy at 95.7% and industrial at 94.6%. Dexus raised $2 billion in third-party capital and completed $2.5 billion in divestments, exceeding its target. The company also secured a strategic partnership with Boral for a long-dated development pipeline. Funds management performance was strong, with flagship funds outperforming benchmarks. Dexus remains committed to its strategic review of infrastructure funds and optimizing asset performance.

AFFO of 45.0 cents per security, distributions of 37.0 cents per security

Dexus expects FY27 earnings to reflect lower trading profits and performance fees, higher finance costs, and practical completion of Atlassian Central. The company aims to maintain security holder distributions in line with the past year.