DEXUS (DXS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

DXS - DEXUS

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
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

$10.28

30 Jul
2021

0.080

OPEN

$10.25

0.78%

HIGH

$10.32

3,678,162

LOW

$10.10

TARGET
$10.62 3.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
URW . CQE . ABP . BWP . CDP . CHC . COF . CQR . FDC . GJT . GMF . ADI . IOF . LEP . NSR . SCG . TIX . TOF . SCP . GDF . PLG . VCX . WPR . CLW . GDI . AQR . WOT . AOF . ARF . AVN . RFF . ECF . TGP . ERF . HDN . IAP . CDP . CIP .
FNARENA'S MARKET CONSENSUS FORECASTS
DXS: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 89.8 59.7 xxx
DPS (cps) xxx 50.3 51.6 xxx
EPS Growth xxx - 27.9% - 33.5% xxx
DPS Growth xxx 0.2% 2.6% xxx
PE Ratio xxx N/A 17.2 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 56.0% 86.4% xxx

Dividend yield today if purchased 3 years ago: 4.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.89

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: 29/06 - 23c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx89.8
DPS All xxxxxxxxxxxxxxx50.3
Sales/Revenue xxxxxxxxxxxxxxx994.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,109.8
Net Operating Cash Flow xxxxxxxxxxxxxxx729.9 M
Net Profit Margin xxxxxxxxxxxxxxx98.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Credit Suisse

23/07/2021

1

Outperform

$10.84

5.45%

Dexus has announced it will invest in Atlassian’s new Sydney Headquarters, with a forecast total project cost of $1.4bn. The company has also acquired a 49% stake in a trust that owns Capital Square Tower, 98 Mounts Bay Rd, Perth for $339m.

Assuming the Atlassian transaction proceeds, Credit Suisse estimates gearing increases to 30-31% on a pro-forma basis, all else being equal – although the broker notes that construction on this tower will not commence until calendar year 2022, with completion in FY26.

The broker has revised FY21-FY23 funds from operations per share by 0.8%, 1.2%, and 3.0% and continues to assume a 100% payout of adjusted funds from operations.

While the stock continues to trade at a discount to the last stated net tangible asset (NTA) valuation, Credit Suisse wonders if potential/known capital commitments will temper the company's willingness to pursue a share buy-back.

The broker does not assume any further buy-back in its estimates.

Outperform rating. Target rises to $10.84 from $10.82.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 51.80 cents and EPS of 54.10 cents.
Credit Suisse forecasts a full year FY22 dividend of 52.10 cents and EPS of 56.50 cents.

Macquarie

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

DXS STOCK CHART