DEXUS (DXS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DXS - DEXUS

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: -794.37
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Dexus is an Australian Real Estate Investment Trust (REIT) that owns a portfolio of mainly office properties and manages a range of office, industrial and healthcare properties for third parties. It was founded in 1984 and listed on the ASX as the Deutsche Diversified Trust.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.84

21 Nov
2024

0.010

OPEN

$6.80

0.15%

HIGH

$6.84

5,873,232

LOW

$6.76

TARGET
$7.836 14.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
DXS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 147.3 56.6 xxx
DPS (cps) xxx 48.0 37.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 7.0% - 22.9% xxx
PE Ratio xxx N/A 12.3 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx N/A 65.3% xxx

Dividend yield today if purchased 3 years ago: 4.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.92

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 26.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-147.3
DPS All xxxxxxxxxxxxxxx48.0
Sales/Revenue xxxxxxxxxxxxxxx964.0 M
Book Value Per Share xxxxxxxxxxxxxxx945.1
Net Operating Cash Flow xxxxxxxxxxxxxxx616.0 M
Net Profit Margin xxxxxxxxxxxxxxx-164.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-14.12 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.84 %
Return on Assets xxxxxxxxxxxxxxx-9.22 %
Return on Equity xxxxxxxxxxxxxxx-14.12 %
Return on Total Capital xxxxxxxxxxxxxxx-0.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx73.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx178 M
Long Term Debt xxxxxxxxxxxxxxx4,827 M
Total Debt xxxxxxxxxxxxxxx5,005 M
Goodwill - Gross xxxxxxxxxxxxxxx107 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx54 M
Price To Book Value xxxxxxxxxxxxxxx0.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.25 %
Cost of Goods Sold xxxxxxxxxxxxxxx356 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx629 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,921 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

31/10/2024

3

Neutral

$7.30

6.73%

Dexus provided a "resilient" trading update, Citi states, with a robust portfolio in current market conditions.

Occupancy rates trended down from June 2024 levels but remain good; office occupancy is at 93.5% and industrial at 96.2%.

The REIT concluded 60 office leasing transactions over 1Q25 with reduced incentives. Citi notes $700m in transactions were conducted, divestments essentially. Industrial developments are on tracks and 29,600sqm of development leasing was achieved at Jandakot site.

Management reiterated guidance with a 37c distribution per share. Neutral retained. Target $7.30.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

03/10/2024

3

Neutral

$7.85

14.77%

Jarden remains Neutral rated on Dexus given the absence of an obvious catalyst for ongoing outperformance in a sector where the outlook is gradually improving. 

The current share price implies a further -6-21% drop in Office valuations, which appears overdone to the analysts.

Jarden's target rises to $7.85 from $7.00 largely due to lower risk-free-rate assumptions and lower valuation for corporate overheads.

FORECAST
Jarden forecasts a full year FY25 dividend of 37.00 cents and EPS of 61.90 cents.
Jarden forecasts a full year FY26 dividend of 37.00 cents and EPS of 62.20 cents.
Access Extra Coverage Research History >

DXS STOCK CHART

FNArena News on DXS

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
3
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
4
Next Week At A Glance – 4-8 Nov 2024

Nov 01 2024 - Weekly Reports
5
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 18-11-2024

Nov 18 2024 - Weekly Reports
2
Australian Listed Real Estate Tables – 11-11-2024

Nov 11 2024 - Weekly Reports
3
Australian Listed Real Estate Tables – 04-11-2024

Nov 04 2024 - Weekly Reports
4
Australian Listed Real Estate Tables – 28-10-2024

Oct 28 2024 - Weekly Reports
5
Australian Listed Real Estate Tables – 21-10-2024

Oct 21 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 14-10-2024

Oct 14 2024 - Weekly Reports
7
The Case For Charter Hall

Oct 07 2024 - Australia
8
Australian Listed Real Estate Tables – 07-10-2024

Oct 07 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 30-09-2024

Sep 30 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 23-09-2024

Sep 23 2024 - Weekly Reports