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Dexus (AU:DXS)
ASX:DXS
DXS Stock Chart & Stats
AU$6.69
-AU$0.10(-1.48%)
At close: 4:00 PM EST
AU$6.69
-AU$0.10(-1.48%)
Day’s Range― - ―
52-Week RangeAU$6.16 - AU$7.73
Previous CloseN/A
Volume3.50M
Average Volume (3M)3.80M
Market Cap
AU$7.25B
Enterprise ValueAU$11.87B
Total Cash (Recent Filing)AU$65.30M
Total Debt (Recent Filing)AU$4.83B
Price to Earnings (P/E)15.2
Beta0.93
Next Earnings
Aug 18, 2026EPS Estimate
0.29Next Dividend Ex-DateN/A
Dividend Yield5.32%
Share Statistics
EPS (TTM)0.33
Shares Outstanding1,075,565,200
10 Day Avg. Volume4,226,989
30 Day Avg. Volume3,800,366
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.72
Price to Sales (P/S)7.75
P/FCF Ratio8.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.23Price Target Upside8.01% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthDexus's strong equity base, sizeable headroom and long weighted debt maturity materially reduce refinancing and liquidity risk. High hedge coverage and a subordinated note issuance providing equity credit increase financial flexibility to fund development, manage redemptions and support buybacks over the medium term.
Pre-leased Development PipelineHigh-quality, long-dated pre-leases lock in predictable cashflows and rent escalation, de-risking major developments. Assets like Atlassian Central provide stable, indexed income once operational, supporting long-term AFFO and reducing execution risk associated with new supply in office and waterfront precincts.
Third-party Capital GrowthMeaningful growth in third‑party capital expands recurring fee income and aligns client capital with Dexus's development pipeline. Higher FUM and successful fundraises improve fee resilience, diversify earnings away from asset sales, and create structural scale benefits in asset management over multiple years.
Bears Say
FY27 Fee And Trading Profit RiskManagement's guidance that FY27 performance fees and trading profits will drop materially highlights volatility in non-core earnings. Because these items are lumpy, a multi-year reduction would compress AFFO and limit capital available for development or distributions, increasing reliance on recurring rental and fee income.
Office Income HeadwindsPersistent office vacancies and depressed like‑for‑like income indicate structural demand weaknesses in some precincts. Elevated incentives and selective divestments can alleviate near-term cash drag but may require ongoing leasing spend, capex or discounted rents, pressuring long-term office returns and FFO conversion.
Negative Revenue And Slowing FCF GrowthMaterial negative revenue growth and weaker free cash flow growth indicate operating pressures or impacts from asset rotations. Slower cash generation limits reinvestment capacity, constrains development funding from internal cash, and increases dependence on external capital to meet growth or distribution targets over the medium term.
Dexus News
DXS FAQ
What was Dexus’s price range in the past 12 months?
Dexus lowest share price was AU$6.16 and its highest was AU$7.73 in the past 12 months.
What is Dexus’s market cap?
Dexus’s market cap is AU$7.25B.
When is Dexus’s upcoming earnings report date?
Dexus’s upcoming earnings report date is Aug 18, 2026 which is in 178 days.
How were Dexus’s earnings last quarter?
Dexus released its earnings results on Feb 17, 2026. The company reported AU$0.325 earnings per share for the quarter, missing the consensus estimate of AU$0.327 by -AU$0.002.
Is Dexus overvalued?
According to Wall Street analysts Dexus’s price is currently Undervalued.
Does Dexus pay dividends?
Dexus pays a Semiannually dividend of AU$0.18 which represents an annual dividend yield of 5.32%. See more information on Dexus dividends here
What is Dexus’s EPS estimate?
Dexus’s EPS estimate is 0.29.
How many shares outstanding does Dexus have?
Dexus has 1,075,565,200 shares outstanding.
What happened to Dexus’s price movement after its last earnings report?
Dexus reported an EPS of AU$0.325 in its last earnings report, missing expectations of AU$0.327. Following the earnings report the stock price went up 6.815%.
Which hedge fund is a major shareholder of Dexus?
Currently, no hedge funds are holding shares in AU:DXS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Dexus Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
AU$7.23 (8.01% Upside)
AU$7.23 (8.01% Upside)
Blogger Sentiment
Bullish
AU:DXS Sentiment 100%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.55%
12-Months-Change
Fundamentals
Return on Equity
1.32%
Trailing 12-Months
Asset Growth
-4.56%
Trailing 12-Months
Company Description
Dexus
Dexus is one of Australia's leading real estate groups, proudly managing a high-quality Australian property portfolio valued at $44.3 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $16.5 billion of office and industrial properties. We manage a further $15.6 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.4 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.6 million square metres of office workspace across 51 properties, we are Australia's preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk adjusted returns for investors.
DXS Company Deck
DXS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a predominantly constructive operational and financial picture: portfolio valuations turned positive, leasing momentum accelerated (notably in office and industrial), strong industrial returns and development pre‑leasing (Atlassian, Waterfront) supported confidence, capital management actions (divestments, subordinated notes issuance, ~$950m equity raised and a 10% buyback) strengthen balance sheet flexibility. Offsetting these positives are near‑term pressures: office FFO impacts from divestments and vacancies, continued fund liquidity/redemption work, and guidance that performance fees and trading profits will be materially lower in FY27. On balance the positives and progress on strategic priorities materially outweigh the challenges, but management flagged some lumpy and timing‑sensitive items that could affect near-term earnings.View all AU:DXS earnings summariesDXS Stock 12 Month Forecast
Average Price Target
AU$7.23
▲(8.01% Upside)
Technical Analysis
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Options Prices
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