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

$8.04

05 Dec
2022

0.130

OPEN

$8.05

1.64%

HIGH

$8.08

4,185,819

LOW

$7.89

TARGET
$9.705 20.7% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
DXS: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 150.2 64.4 xxx
DPS (cps) xxx 53.2 51.7 xxx
EPS Growth xxx 43.1% - 57.1% xxx
DPS Growth xxx 2.7% - 2.9% xxx
PE Ratio xxx N/A 12.5 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 35.4% 80.2% xxx

Dividend yield today if purchased 3 years ago: 4.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.73

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 - ex-div 25.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx150.2
DPS All xxxxxxxxxxxxxxx53.2
Sales/Revenue xxxxxxxxxxxxxxx863.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,261.4
Net Operating Cash Flow xxxxxxxxxxxxxxx560.1 M
Net Profit Margin xxxxxxxxxxxxxxx187.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx12.39 %
Return on Invested Capital xxxxxxxxxxxxxxx9.01 %
Return on Assets xxxxxxxxxxxxxxx8.65 %
Return on Equity xxxxxxxxxxxxxxx12.39 %
Return on Total Capital xxxxxxxxxxxxxxx2.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

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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Ord Minnett

05/09/2022

1

Buy

$10.00

(17/11/2022)

24.38%

Dexus' acquisition target Collimate Capital has suffered its third mandate loss after investors in the AMP Capital Retail Trust voted to shift management from Collimate possibly (yet to be confirmed) to the GPT Group ((GTP)), observes Ord Minnett.

The broker says this means assets under management will fall to $17.5bn, which will lead to a reduction in the acquisition price to $275m.

The broker believes the market is underestimating Dexus, given the company is now trading at a -31% discount to net tangible assets.

Buy rating and $10.50 target price retained. 

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 53.00 cents and EPS of 69.00 cents.
Ord Minnett forecasts a full year FY24 dividend of 53.00 cents and EPS of 69.00 cents.

Credit Suisse

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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DXS STOCK CHART