Dexus 2026 Annual Results Presentation
Key points
- Dexus reported results in line with expectations with AFFO of $483.9m and distribution of 37.0 cents per security
- Office occupancy was 95.7%, well above the market average of 85.1%
- Strong leasing volumes and industrial effective LFL income growth of 8.3%
- Dexus completed c.$2.5 billion of divestments since FY24, exceeding the c.$2 billion divestments earmarked for FY25-27
Full summary
Dexus presented its 2026 Annual Results, highlighting a strong performance across its diversified real estate portfolio. Key highlights include an AFFO of $483.9m and a distribution of 37.0 cents per security, both in line with guidance. Office occupancy stood at 95.7%, significantly above the market average of 85.1%. The industrial portfolio saw an effective LFL income growth of 8.3%. Dexus completed approximately $2.5 billion of divestments since FY24, surpassing the $2 billion target set for FY25-FY27. The company also raised around $2.0 billion in third-party equity commitments, up from $1.1 billion in FY25. Dexus continues to focus on enhancing its investment portfolio, improving capital efficiency, and maximizing returns for its stakeholders.
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