Dexus 2024 AGM Highlights Strategic Shifts and Leadership Transition

Dexus Finance's 2024 Annual General Meeting, led by Chair Warwick Negus, highlighted key strategic evolutions and leadership changes. Ross Du Vernet was officially congratulated as the new Group CEO, succeeding Darren Steinberg. Under Steinberg's 12-year leadership, Dexus experienced significant growth in funds under management by diversifying into sectors like healthcare and infrastructure.

The AGM emphasized Dexus's refined strategy, aligning with current market conditions. The property group maintains its vision to be a leader in real asset management, focusing on sustainable and governance-driven practices. Despite hurdles such as rising interest rates and market challenges, Dexus achieved a 48.0 cents per security distribution, meeting its guidance.

CEO Ross Du Vernet underscored the company's robust balance sheet and strategic capital recycling. He noted structural changes, including hiring new executives to bolster Dexus's growth in infrastructure and alternative sectors. With a $40 billion diverse funds portfolio, Dexus remains committed to maximizing returns and sustainability across real assets.