Dexus Finance Initiates On-Market Securities Buyback

Dexus Finance Pty Limited has announced a new on-market securities buyback, aiming to repurchase up to 10% of its DXS securities over the next year. This move is part of their strategic capital management approach. The buyback is set to be funded through existing facilities and working capital, as the company continues to progress asset sales and undertake other initiatives.

Ross Du Vernet, CEO and Managing Director of Dexus Group, highlighted a persistent gap between the company's market valuation and its underlying assets, prompting the buyback. This initiative aligns with Dexus's commitment to maintaining fiscal discipline.

Further information on the buyback can be obtained through the Appendix 3C ASX announcement available on the Dexus website. For inquiries, investors and media contacts are provided.