Dexus Reports Solid HY25 Results Amidst Market Challenges

Dexus Finance Pty Limited has released its half-year results for the period ending 31 December 2024. The company confirmed a distribution of 19.0 cents per security. Their measured approach saw over $515 million in balance sheet divestments and a $50 million commitment to DREP2, enhancing external capital.

Key performance metrics included an AFFO of $251.8 million, or 23.4 cents per security, aligning with projections. Statutory net profit after tax stood at $10.3 million, reversing a previous net loss. The property portfolio maintained high occupancy rates, notably 93.5% for office spaces and 95.7% for industrial spaces, highlighting portfolio resilience. Dexus's gearing ratio was a robust 31.3%, supporting balance sheet strength.

Moving forward, Dexus forecasts an AFFO of 44.5-45.5 cents per security, backed by strong population-driven demand and stabilizing asset markets. The focus remains on leveraging high-quality assets and enhancing capital partnerships for sustained growth.