Dexus

Chart & Performance

D1W1MN

P/E

—

P/S

7.41

EPS

—

Div Yield, %

7.57%

Shrs. gr., 5y

0.74%

Rev. gr., 5y

-6.25%

Revenues

881m

+0.38%

Net income

-1.58b

L+109.76%

CFO

616m

-20.09%

Dividend

Jun 27, 20240.213 AUD/sh

Earnings

Feb 12, 2025

Profile

Dexus is one of Australia's leading real estate groups, proudly managing a high-quality Australian property portfolio valued at $44.3 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $16.5 billion of office and industrial properties. We manage a further $15.6 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.4 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.6 million square metres of office workspace across 51 properties, we are Australia's preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk adjusted returns for investors.

URL

https://www.dexus.com/

IPO date

Oct 06, 2004

Employees

1,079

Domiciled in

Incorporated in

Valuation

Order:

Title AUD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title AUD in thousands, except ratios and share amounts	2024‑06	2023‑06	2022‑06	2021‑06	2020‑06	2019‑06	2018‑06	2017‑06	2016‑06	2015‑06
Income
Revenues	880,900 0.38%	877,600 1.68%	863,100 -15.18%
Cost of revenue	526,500	525,300	554,600
Unusual Expense (Income)
NOPBT	354,400	352,300	308,500
NOPBT Margin	40.23%	40.14%	35.74%
Operating Taxes	(9,700)	11,200	15,200
Tax Rate		3.18%	4.93%
NOPAT	364,100	341,100	293,300
Net income	(1,578,900) 109.76%	(752,700) -146.58%	1,615,900 41.94%
Dividends	(540,900)	(572,200)	(548,600)
Dividend yield	7.76%	6.82%	5.60%
Proceeds from repurchase of equity	(11,600)	(7,500)	18,685,600
BB yield	0.17%	0.09%	-190.62%
Debt
Debt current	177,800	405,400	37,300
Long-term debt	4,919,300	4,952,900	4,905,000
Deferred revenue		19,300	(717,900)
Other long-term liabilities	41,900	(156,700)	580,400
Net debt	(3,916,000)	(4,731,600)	(4,671,900)
Cash flow
Cash from operating activities	616,000	770,900	560,100
CAPEX	(2,400)	(8,000)	(6,300)
Cash from investing activities	311,000	(579,800)	41,200
Cash from financing activities	(994,400)	(142,500)	(569,500)
FCF	1,709,400	(1,671,300)	326,200
Balance
Cash	54,000	123,900	75,300
Long term investments	8,959,100	9,966,000	9,538,900
Excess cash	8,969,055	10,046,020	9,571,045
Stockholders' equity	10,164,800	12,285,100	13,589,300
Invested Capital	6,242,145	8,053,480	9,001,055
ROIC	5.09%	4.00%	3.27%
ROCE	2.32%	1.93%	1.65%
EV
Common stock shares outstanding	1,075,565	1,075,565	1,103,899
Price	6.48 -16.92%	7.80 -12.16%	8.88 -16.78%
Market cap	6,969,663 -16.92%	8,389,409 -14.42%	9,802,619 -17.45%
EV	3,053,663	3,678,609	5,152,819
EBITDA	354,400	360,700	322,300
EV/EBITDA	8.62	10.20	15.99
Interest	168,400	218,300	124,700
Interest/NOPBT	47.52%	61.96%	40.42%