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Dexus ( (AU:DXS) ) has issued an update.
Dexus reported a statutory net loss after tax of $10.3 million for the half-year ended December 31, 2024, a significant improvement from a loss of $597.2 million the previous year. Despite a 9.6% decline in revenue, the company showcased a stable market capitalization and a slight increase in securities price, indicating resilience in its market positioning. However, there was a notable decrease in funds from operations and distributions to security holders, reflecting challenging market conditions impacting the real estate sector.
More about Dexus
Dexus is a leading real estate group in Australia, specializing in owning, managing, and developing one of the country’s largest portfolios of office, industrial, and retail properties. The company primarily focuses on high-quality properties in key Australian markets, catering to diverse tenants and investors.
YTD Price Performance: 18.58%
Average Trading Volume: 11,638
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.32B
For a thorough assessment of DXS stock, go to TipRanks’ Stock Analysis page.
