Dexus (DXS)

Currency in AUD
5.740
-0.150(-2.55%)
Closed·
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High dividend Yield
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Fair Value
Day's Range
5.7005.860
52 wk Range
5.3007.730
Key Statistics
Bid/Ask
5.71 / 5.82
Prev. Close
5.89
Open
5.83
Day's Range
5.7-5.86
52 wk Range
5.3-7.73
Volume
6.22M
Average Volume (3m)
3.7M
1-Year Change
-23.8727%
Fair Value
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Fair Value Upside
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DXS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
6.633
Upside
+15.56%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low EBITDA valuation multiple

Dexus News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Strong Sell

Analyst Ratings

5 Buy
5 Hold
1 Sell
Ratings:
11 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 6.633
(+15.56% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
JPMorgan
Buy7.50+30.66%8.25Maintain21/08/2026
Citi
Hold6.50+13.24%7.80Maintain13/05/2026
Morgan Stanley
Sell6.37+10.98%7.15Maintain07/04/2026
JPMorgan
Buy8.25+43.73%8.50Maintain06/04/2026
Macquarie
Buy6.91+20.38%7.55Maintain06/04/2026

Dexus Earnings Call Summary for H2/2026

  • DEXUS reported FY26 AFFO of AUD 484M and AUD 0.37/security distribution, but guided FY27 AFFO down to AUD 0.375-0.395 amid higher financing costs.
  • Office occupancy reached 95.7%, highest since June 2023; industrial leasing hit nearly 500K sqm with 24% re-leasing spreads driving portfolio gains.
  • Shares fell 2.5% to $5.655 as investors focused on weaker earnings outlook despite strong portfolio metrics and 6.38% dividend yield.
  • Company plans to restart buyback program and release over AUD 2B capital through divestments while maintaining conservative 33.4% gearing ratio.
  • CEO Du Vernet cited transition period with AUD 60M APAC litigation costs and Waterfront Brisbane delay to late 2029 as near-term headwinds.
Last Updated: 20/08/2026, 02:14
Read Full Transcript

Earnings

Latest Release
17/02/2026
EPS / Forecast
0.33 / 33.00
Revenue / Forecast
687.4M / 390M
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 0.43%
Dividend Yield
6.28%
Industry Median 5.80%
Annualised payout
0.37
Paid unevenly
5-Years Growth
-6.51%
Growth Streak

Dexus (DXS) Income Statement & Profits

Compare DXS to Peers and Sector

Metrics to compare
DXS
Peers
Sector
Relationship
P/E Ratio
10.0x11.1x8.5x
PEG Ratio
0.040.130.01
Price/Book
0.6x1.0x0.9x
Price / LTM Sales
4.6x6.4x3.9x
Upside (Analyst Target)
11.1%19.4%18.6%
Fair Value Upside
Unlock5.1%1.3%Unlock

DEXUS is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at 51.5 billion dollars. The Dexus Platform includes the Dexus listed portfolio and the funds management business. The 15.3 billion dollars listed portfolio includes direct and indirect ownership of office, industrial, retail, healthcare, infrastructure, alternatives and other investments. The firm manages a further 36.2 billion dollars investment in their funds management business which connects third party capital with exposure to quality specific and diversified real asset products. The funds within this business have a strong track record of delivering performance and benefit from Dexus’s Platform capabilities. The Platform’s 11.5 billion dollars real estate development pipeline provides the opportunity to grow both the listed and funds’ portfolios and enhance future returns. The firm is deeply connected to their purpose unlock potential, create tomorrow, reflecting unique ability to create value for people, customers, investors and communities over the long term. Their sustainability approach focuses on the priority areas where they believe they can make the most impact on Customer Prosperity, Climate Action and Enhancing Communities. Dexus is supported by more than 35,800 investors from 26 countries. With more than four decades of expertise in real asset investment, funds management, asset management and development, they have a proven track record in capital and risk management and delivering returns for investors. DEXUS was incorporated in 2004 in Australia.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
308.32M28.83%1.77B
Other Institutional Investors
278.18M26.01%1.60B
Public Companies & Retail Investors
482.99M45.16%2.77B
Total
1.07B100.00%6.14B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
State Street Investment Management9.22%98,574,136565,816
Allan Gray Australia Pty Limited8.34%89,178,095511,882

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FAQ

What Is the Dexus (Sydney: DXS) Share Price Today?

The Dexus stock price today is 5.740 AUD.

What Stock Exchange Does Dexus (DXS) Trade On?

Dexus is listed and trades on the Sydney Stock Exchange.

What Is the Ticker (Stock Symbol) for Dexus?

The stock symbol (also called a 'ticker') for Dexus is "DXS."

Does Dexus Pay Dividends? What’s The Current DXS Dividend Yield?

Yes, DXS Pays Dividends to its Shareholders. The current Dexus dividend yield is 6.28%.

What Is the Current Dexus Market Capitalisation?

As of today, Dexus (Sydney: DXS) market cap is 6.170B AUD.

What Is Dexus's (DXS) Earnings Per Share (TTM)?

The Dexus EPS is currently 0.433 (Trailing Twelve Months).

Is DXS a Buy or Sell From a Technical Analyst Perspective?

Based on today's Dexus moving averages and other technical indicators, the daily buy/sell signal for DXS stock is Strong Sell.

How Many Times Has Dexus Stock Split?

Dexus has split 2 times. (See the DXS stock split history page for full effective split date and price information.)

How Many Employees Does Dexus Have?

Dexus has 836 employees, based on their latest Companies House report.

What is the current trading status of Dexus (Sydney: DXS)?

As of 23/08/2026, Dexus (DXS) is trading at a share price of 5.740 AUD, with a previous close of 5.890 AUD. The stock has fluctuated within a day range of 5.700 AUD to 5.860 AUD, while its 52-week range spans from 5.300 AUD to 7.730 AUD.

What Is Dexus (DXS) Price Target According to Analysts?

The average 12-month price target for Dexus is 6.633 AUD, with a high estimate of 8.3 AUD and a low estimate of 5.6 AUD. 5 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Neutral. The stock has an +15.56% Upside potential.
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