DEXUS (DXS)
Share Price Analysis and Chart

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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

$10.16

17 May
2021

-0.050

OPEN

$10.13

-0.49%

HIGH

$10.22

1,893,834

LOW

$10.09

TARGET
$10.36 2.0% 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 62.9 xxx
DPS (cps) xxx 50.3 50.3 xxx
EPS Growth xxx - 27.9% - 29.9% xxx
DPS Growth xxx 0.2% 0.1% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 56.0% 80.0% xxx

Dividend yield today if purchased 3 years ago: 5.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.94

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: 30/12 - 28.8c (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

0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

12/05/2021

5

Sell

$8.34

-17.91%

Given the support of the board and chairman, Citi believes the binding Scheme Implementation Deed to acquire fund manager APN Property Group ((APD)) will go ahead. As of December 2020, the target had $2.9bn of funds under management (FUM).

Despite an estimated 2% annualised accretion (assuming no incremental cost savings), the broker retains a Sell rating. The REIT has greater than 70% office exposure, where there's considered downside to rents from cyclical headwinds and working from home.

The target price is increased to $8.34 from $7.86.

FORECAST
Citi forecasts a full year FY21 dividend of 50.30 cents and EPS of 66.20 cents.
Citi forecasts a full year FY22 dividend of 50.30 cents and EPS of 69.30 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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DXS STOCK CHART