DEXUS (DXS)
Share Price Analysis and Chart

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DXS - DEXUS

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 15.33
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Dexus is an Australian Real Estate Investment Trust (REIT) that owns a portfolio of mainly office properties and manages a range of office, industrial and healthcare properties for third parties. It was founded in 1984 and listed on the ASX as the Deutsche Diversified Trust.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.17

22 Apr
2024

0.110

OPEN

$7.12

1.56%

HIGH

$7.20

1,902,231

LOW

$7.12

TARGET
$8.546 19.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
DXS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 61.8 xxx
DPS (cps) xxx N/A 48.2 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.7 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx N/A 78.0% xxx

Dividend yield today if purchased 3 years ago: 5.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.13

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/12 - ex-div 26.7c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-70.0
DPS All xxxxxxxxxxxxxxx51.6
Sales/Revenue xxxxxxxxxxxxxxx877.6 M
Book Value Per Share xxxxxxxxxxxxxxx1,140.3
Net Operating Cash Flow xxxxxxxxxxxxxxx770.9 M
Net Profit Margin xxxxxxxxxxxxxxx-85.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-5.83 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.22 %
Return on Assets xxxxxxxxxxxxxxx-3.98 %
Return on Equity xxxxxxxxxxxxxxx-5.83 %
Return on Total Capital xxxxxxxxxxxxxxx1.88 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx194.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx405 M
Long Term Debt xxxxxxxxxxxxxxx4,940 M
Total Debt xxxxxxxxxxxxxxx5,346 M
Goodwill - Gross xxxxxxxxxxxxxxx110 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx124 M
Price To Book Value xxxxxxxxxxxxxxx0.68

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.91 %
Cost of Goods Sold xxxxxxxxxxxxxxx303 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx234 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx6,954 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

15/02/2024

2

Accumulate

$10.80

50.63%

Ord Minnett spotted in-line key financial metrics in Dexus' H1 release, underpinning the broker's unchanged forecasts for FY24. Management's guidance is of the same ilk.

Ord Minnett's fair value calculation hasn't changed; $10.80. The broker observes while Dexus is diversifying, offices remain responsible for circa 60% of annual earnings.

With Dexus' office rents about 20% above effective market rents, the broker predicts lease expiries will lead to lower effective rents. Having said this, the market is seen as overly pessimistic on the outlook for offices.

Accumulate. Target price of $10.80.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 48.00 cents and EPS of 60.90 cents.
Ord Minnett forecasts a full year FY25 dividend of 48.20 cents and EPS of 66.90 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

DXS STOCK CHART

FNArena News on DXS

1
In Brief: Pro Medicus, Trump’s Trade War & Resi Construction

Apr 12 2024 - Weekly Reports
2
Rudi’s View: Selective Opportunities Among Discounted REITs

Mar 20 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Feb 20, 2024

Feb 20 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 15-02-2024

Feb 15 2024 - Australia
5
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus

Latest REITs News

1
Australian Listed Real Estate Tables – 22-04-2024

Apr 22 2024 - Weekly Reports
2
Australian Listed Real Estate Tables – 15-04-2024

Apr 15 2024 - Weekly Reports
3
Australian Listed Real Estate Tables – 08-04-2024

Apr 08 2024 - Weekly Reports
4
Australian Listed Real Estate Tables – 02-04-2024

Apr 02 2024 - Weekly Reports
5
Weekly Update On LICs & LITs – 26 March 2024

Mar 26 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 25-03-2024

Mar 25 2024 - Weekly Reports
7
Australian Listed Real Estate Tables – 19-03-2024

Mar 19 2024 - Weekly Reports
8
Australian Listed Real Estate Tables – 11-03-2024

Mar 11 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 04-03-2024

Mar 04 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 27-02-2024

Feb 27 2024 - Weekly Reports