EarningsQ4 2026 Earnings Report
DE:0DPS Q4 2026 EPS Results
Actual EPS€0.18
Consensus EPS€0.18
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.20
DE:0DPS Q4 2026 Revenue Results
Actual Revenue€222.75M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-33.92%
Earnings Announcement Details
QuarterQ4 2026
Date08/19/2026
TimeAfter Close
Conference CallWednesday, August 19, 2026
DE:0DPS Upcoming Earnings
Dexus's next earnings date is estimated for February 16, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
DE:0DPS Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of operational and financial progress (leasing momentum, industrial strength, fundraising, valuation stabilization, cost reduction and a solid balance sheet) alongside material near-term headwinds (APAC litigation and infrastructure fund reviews, higher financing costs, delayed Waterfront project, and expected lower AFFO in FY'27). Management has a clear multi-year transition plan, active capital rotation targets (>$2 billion over two years) and intentions to pursue buybacks and third-party capital deployment, but short-term earnings and legal uncertainties temper the outlook.Company Guidance
Solid AFFO and Distribution
Total AFFO of $484 million for FY'26 with distributions of $0.37 per security and a payout ratio of 82%.
Office Occupancy and Leasing Recovery
Office occupancy improved from 92.3% to 95.7% (increase of 3.4 percentage points). Leasing volumes were 172,000 sqm, up 60% year-on-year, and 1-year total return for the office portfolio was 5.4%.
Industrial Outperformance
Industrial portfolio delivered a 1-year total return of 7%; leased nearly 0.5 million sqm (second largest year on record); occupancy by area 96.5%; strong re-leasing spreads of 24% and portfolio valuation increase of 2.3%.
Portfolio Valuation Stabilisation
Overall portfolio valuations increased by 1% for the 12 months to 30 June. Office valuations increased 0.6% and industrial valuations increased 2.3%, driven mainly by market rent growth.
Strengthened Capital and Liquidity Position
Look-through gearing 33.4% (expected to reduce by ~1.5 percentage points after announced divestments). Weighted average debt maturity 4.2 years, $2.5 billion of headroom, and 91% of debt hedged at an average hedge rate of 3%.
Fundraising and Funds Performance
Raised $2.0 billion in equity across the platform (twice last year). DREP2 exceeded original target by nearly $300 million. DWSF ranked first among wholesale funds in MSCI Index over 1-, 2- and 3-year periods; DWPF achieved a 1-year return of 9.3%.
Cost Management Progress
Active cost management reduced group corporate costs by 6%; group corporate and management operation costs reduced by more than $30 million since FY'24, with benefits expected in FY'27.
Redeeming Fund Liquidity Restored
DWPF redemption queue of $1.7 billion at the start of the year has been completely resolved post year-end, improving liquidity and investor confidence in the platform.
DE:0DPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed