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

$7.23

06 Dec
2023

0.210

OPEN

$7.02

2.99%

HIGH

$7.27

3,617,877

LOW

$7.02

TARGET
$8.546 18.2% 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 - 70.0 61.8 xxx
DPS (cps) xxx 51.6 48.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 3.0% - 7.0% xxx
PE Ratio xxx N/A 11.7 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx N/A 77.7% xxx

Dividend yield today if purchased 3 years ago: 5.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.12

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 23.6c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

02/11/2023

3

Neutral

$8.20

13.42%

Dexus was keen to show its diversity away from significant office assets at its recent investor day, says Citi. The broker believes a continued focus on the office portfolio by the market leaves the company's share price exposed to global and local challenges in office markets. 

The company also highlighted growth of its third party funds under management, with considerable growth expected to continue past FY30. Funds under management have grown to 250% of balance sheet capital, and is expected to exceed 500% by FY30. 

The Neutral rating and target price of $8.20 are retained.

FORECAST
Citi forecasts a full year FY24 dividend of 48.00 cents and EPS of 68.70 cents.
Citi forecasts a full year FY25 dividend of 50.00 cents and EPS of 68.60 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

DXS STOCK CHART

FNArena News on DXS

1
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
2
Australian Broker Call *Extra* Edition – Nov 14, 2023

Nov 14 2023 - Daily Market Reports
3
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
4
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
5
Rudi’s View: Bonds & Equities; Joined At The Hip

Oct 25 2023 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 04-12-2023

Dec 04 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 27-11-2023

Nov 27 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 20-11-2023

Nov 20 2023 - Weekly Reports
4
Australian Listed Real Estate Tables – 13-11-2023

Nov 13 2023 - Weekly Reports
5
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
6
Australian Listed Real Estate Tables – 08-11-2023

Nov 08 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 30-10-2023

Oct 30 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 23-10-2023

Oct 23 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 16-10-2023

Oct 16 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 10-10-2023

Oct 10 2023 - Weekly Reports