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Dexus
(Sydney:DXS)
Dexus (DXS) vs. iShares MSCI Australia ETF (EWA)
Dexus Business Overview & Revenue Model
Dexus Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 921.20M | 880.90M | 877.60M | 863.10M | 1.02B |
| Gross Profit | 701.30M | 646.90M | 574.70M | 494.60M | 578.70M |
| EBITDA | 355.70M | -6.30M | 348.80M | 471.20M | 448.80M |
| Net Income | 156.50M | -1.58B | -752.70M | 1.62B | 1.14B |
Balance Sheet | |||||
| Total Assets | 15.39B | 15.82B | 18.54B | 19.23B | 18.14B |
| Cash, Cash Equivalents and Short-Term Investments | 65.30M | 54.00M | 123.90M | 75.30M | 43.50M |
| Total Debt | 4.83B | 5.00B | 5.35B | 4.94B | 4.95B |
| Total Liabilities | 5.48B | 5.66B | 6.28B | 5.67B | 5.63B |
| Stockholders Equity | 9.90B | 10.16B | 12.26B | 13.57B | 12.51B |
Cash Flow | |||||
| Free Cash Flow | 798.10M | 611.10M | 762.90M | 553.80M | 982.90M |
| Operating Cash Flow | 811.30M | 613.50M | 770.90M | 560.10M | 999.30M |
| Investing Cash Flow | -109.60M | 311.00M | -579.80M | 41.20M | -698.00M |
| Financing Cash Flow | -690.40M | -994.40M | -142.50M | -569.50M | -289.60M |
Dexus Technical Analysis
Dexus Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $15.26B | 18.23 | 7.99% | 3.99% | 4.75% | 170.39% | |
| ― | $10.92B | 48.35 | 24.58% | 2.13% | 15.06% | 47.66% | |
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $10.27B | 27.18 | 3.56% | 4.48% | 12.66% | ― | |
| ― | $7.83B | 56.70 | 1.32% | 5.08% | 4.52% | ― | |
| ― | $67.54B | 38.67 | 7.99% | 0.91% | 16.87% | ― | |
| ― | AU$3.11B | 26.15 | 3.57% | 5.91% | -9.63% | ― |
Dexus Corporate Events
Dexus announced the successful passing of several resolutions at its 2025 Annual General Meeting, including the adoption of the Remuneration Report and the approval of long-term incentive performance rights for the CEO. Additionally, the appointments of two independent directors, Rhoda Harrington and Elana Rubin AM, were confirmed. These decisions reflect Dexus’s strategic focus on strengthening its leadership and aligning executive incentives with long-term performance goals, which could enhance its market position and stakeholder confidence.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.46 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
At the 2025 Annual General Meeting, Dexus announced the retirement of two key board members, Nicola Roxon and Paula Dwyer, acknowledging their significant contributions to the company. The meeting also highlighted Dexus’s strategic focus on leveraging its strengths in real estate and infrastructure to deliver superior returns, emphasizing sustainability and governance as central to its operations.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.46 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has reported a strong performance for the September 2025 quarter, highlighting a well-positioned investment portfolio with high occupancy rates in both its industrial and office sectors. The company has successfully exchanged or settled approximately $2.0 billion in transactions and continues to see outperformance in its wholesale property and shopping centre funds. Dexus is actively involved in development projects and is progressing with significant real estate developments, including Atlassian Central in Sydney and Waterfront Brisbane. The company is also expanding its funds management business, with Powerco acquiring Firstlight Network to support energy transition initiatives.
The most recent analyst rating on (AU:DXS) stock is a Sell with a A$7.75 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has announced the cessation of 533,667 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic decisions.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus announced the issuance of 652,542 fully paid units of stapled securities, effective August 21, 2025. This move is part of the company’s ongoing strategy to manage its equity securities, potentially impacting its market positioning and offering implications for investors and stakeholders in terms of equity distribution and capital structure.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus announced a late lodgement of an Appendix 3Y form due to an administrative delay in processing changes in Key Management Personnel interests following the vesting of Performance Rights. The company has addressed the issue, considering it an isolated incident, and assures that its current practices are adequate to ensure compliance with ASX Listing Rules.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has announced a proposal for the approval of granting 406,504 Performance Rights to its CEO, Ross Du Vernet, under the FY26 Long-Term Incentive Plan. This proposal, part of the 2025 Notice of Annual General Meeting, reflects Dexus’s commitment to aligning executive compensation with company performance, potentially impacting its operational strategies and stakeholder interests.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.46 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has announced the details of its 2025 Annual General Meeting (AGM), which will be held as a hybrid event on October 29, 2025. Security holders can attend in person or virtually, with registration starting at 1:30 pm AEDST. The AGM materials, including the Notice of Meeting and voting forms, are available to security holders and online. This announcement underscores Dexus’s commitment to engaging with its stakeholders and providing accessible options for participation.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.24 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has announced a change in the director’s interest, with Rhoda Harrington acquiring an additional 2,666 ordinary securities through an on-market purchase, increasing her total holdings to 19,166. This change in director’s interest reflects ongoing investment activities within the company, which could impact its governance and shareholder dynamics.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.60 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus announced the distribution payment for the six months ending 30 June 2025, with a payout of 18.0 cents per security, reflecting a strong performance despite economic uncertainties. The company reported a distribution of 37.0 cents per security for the full year, maintaining a payout ratio of 82.2%. Dexus highlighted an increase in portfolio valuations in the second half of the year, demonstrating the quality of its assets and marking an inflection point in the valuation cycle. The company’s strategic initiatives and disciplined capital management have supported a robust balance sheet, positioning Dexus for future growth.
The most recent analyst rating on (AU:DXS) stock is a Sell with a A$7.75 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus is a leading Australasian real asset group, managing a high-quality real estate and infrastructure portfolio valued at $50.1 billion. In its 2025 annual report, Dexus highlighted a statutory net profit after tax of $136.1 million, a significant recovery from the previous year’s loss, and an adjusted funds from operations of $483.9 million. The company reported a strong occupancy rate in its office and industrial portfolios and maintained a gearing ratio of 31.7%. Dexus continues to focus on sustainable value creation, with a commitment to climate action and enhancing community engagement. Looking forward, Dexus aims to leverage its diversified portfolio and strategic investments to capitalize on market recovery and structural megatrends, positioning itself for long-term growth and value creation.
Dexus Funds Management Limited has released its corporate governance statement for the financial year ending 30 June 2025, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, demonstrating its commitment to maintaining high governance standards. This release is crucial for stakeholders as it provides insights into the company’s governance practices and compliance with regulatory requirements, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has released its 2025 Sustainability Data Pack, which includes comprehensive sustainability performance data and reporting criteria. This release underscores Dexus’s commitment to sustainability and its strategic focus on areas where it can have the most impact, such as customer prosperity and climate action, potentially enhancing its industry positioning and stakeholder engagement.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has released its 2025 Financial Statements for the Dexus Operations Trust, complementing its Annual Report for the Dexus Property Trust. This release provides stakeholders with comprehensive insights into the financial health and operational performance of the company, reinforcing its position in the real estate and infrastructure sectors.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has released its 2025 Annual Report, which includes sustainability reporting and will be distributed to security holders in late September 2025. The report highlights Dexus’s ongoing commitment to sustainability and its strategic focus on enhancing future returns through its real estate development pipeline, positioning the company for long-term value creation for stakeholders.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has released its 2025 Annual results presentation, highlighting its continued growth and performance in managing a diverse real estate and infrastructure portfolio. The announcement underscores Dexus’s strategic focus on expanding its development pipeline and enhancing returns for stakeholders, reinforcing its position as a leader in the Australasian real asset industry.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus announced its annual results for the year ending June 30, 2025, achieving its financial guidance with an AFFO of 45.0 cents per security and distributions of 37.0 cents per security. Despite economic uncertainties, Dexus maintained high occupancy rates in its office and industrial portfolios and saw an increase in property valuations in the latter half of the year. The company reported a statutory net profit after tax of $136.1 million, a significant improvement from the previous year’s loss, primarily due to stabilizing capitalisation rates. Dexus continues to focus on sustainability, achieving net zero emissions and ranking highly in global ESG indices. The company is well-positioned for future growth with a strong balance sheet and strategic investments in real assets.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus has released an update regarding its dividend distribution for the period ending June 30, 2025. The final distribution details have been provided, and the Distribution and Attribution Managed Investment Trust Member Annual Statements will be dispatched to all security holders by August 29, 2025. This announcement reflects Dexus’s commitment to maintaining transparency with its stakeholders and ensuring timely communication of financial information.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
Dexus reported a 5.4% increase in revenue from ordinary activities for the year ended June 30, 2025, while achieving a notable turnaround in statutory net profit, moving from a loss to a profit of $136.1 million. However, the company experienced declines in funds from operations and distributions to security holders, reflecting challenges in maintaining previous levels of financial performance. The results indicate a mixed financial year for Dexus, with improvements in revenue and net profit but pressures on operational funds and distributions, impacting stakeholder returns.
The most recent analyst rating on (AU:DXS) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.