Dexus (AU:DXS)
ASX:DXS
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DXS Stock Chart & Stats
AU$6.12
-AU$0.10(-1.48%)
At close: 4:00 PM EST
AU$6.12
-AU$0.10(-1.48%)
Day’s Range― - ―
52-Week RangeAU$5.30 - AU$7.73
Previous CloseN/A
Volume3.50M
Average Volume (3M)3.80M
Market Cap
AU$6.09B
Enterprise ValueAU$10.69B
Total Cash (Recent Filing)AU$74.70M
Total Debt (Recent Filing)AU$4.75B
Price to Earnings (P/E)12.9
Beta0.85
Next Earnings
Aug 20, 2026EPS Estimate
0.3Next Dividend Ex-DateN/A
Dividend Yield5.32%
Share Statistics
EPS (TTM)0.44
Shares Outstanding1,072,590,000
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$6.60Price Target Upside7.89% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)0.63
Revenue Forecast (FY)AU$869.89M
Bulls Say, Bears Say
Bulls Say
Balance Sheet Strength & Funding FlexibilityDexus's conservative look-through gearing, large $2.5bn headroom, long weighted average debt maturity and high hedging reduce refinancing and rate risk. The $500m subordinated note (50% equity credit) and active capital management materially increase balance-sheet capacity and resilience for multi-year strategy execution.
High Pre‑leasing On Major DevelopmentsLong-dated, fully pre-leased development contracts like Atlassian Central lock in predictable cashflows and reduce development execution risk. Multi-year fixed escalations and long lease term provide durable income, supporting AFFO stability and reducing vacancy and leasing volatility risk once assets complete.
Growing Third‑party Capital And Capital RecyclingMaterial third‑party equity raises and ongoing divestments diversify revenue away from direct property income toward recurring management fees. Successful capital recycling both funds growth and reduces balance-sheet risk, increasing fee-bearing FUM and long-term earnings optionality beyond rental markets.
Bears Say
Negative Revenue Growth And Weak ROESustained negative revenue growth and a history of negative ROE signal persistent profitability and top-line challenges. Even with margin improvements, declining revenue constrains organic reinvestment and fee-base expansion, making earnings recovery dependent on portfolio repositioning and successful funds growth.
Ongoing Office Portfolio Headwinds And VacanciesOffice income remains pressured by divestments and pockets of vacancy that require incentives or capex to lease. Structural shifts in office demand and elevated incentives increase long-term leasing costs and may compress effective rents, slowing the recovery of office-derived AFFO and returns.
Lumpy And Declining Performance/trading Profits; Funds Liquidity RiskMaterially lower expected performance and trading profits reduce non‑recurring upside that previously supported earnings. A remaining $2bn redemption backlog and ongoing liquidity work increase operational burdens, potentially forcing asset sales or fee concessions and limiting stable fee income growth in the medium term.
Dexus News
DXS FAQ
What was Dexus’s price range in the past 12 months?
Dexus lowest share price was AU$5.30 and its highest was AU$7.73 in the past 12 months.
What is Dexus’s market cap?
Dexus’s market cap is AU$6.09B.
When is Dexus’s upcoming earnings report date?
Dexus’s upcoming earnings report date is Aug 20, 2026 which is in 70 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$0.193 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 0.3.
How many shares outstanding does Dexus have?
Dexus has 1,072,590,000 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$6.60 (7.89% Upside)
AU$6.60 (7.89% Upside)
Blogger Sentiment
Bullish
AU:DXS Sentiment 80%
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
4.78%
Trailing 12-Months
Asset Growth
5.82%
Trailing 12-Months
Company Description
Dexus
Dexus stands as a premier Australian real estate entity, meticulously managing a high-quality, Australian-focused property portfolio valued at $44.3 billion. Our success is fundamentally built upon strong relationships, as we are dedicated to partnering with our customers to create engaging and inspiring environments. Our investment focus is solely on Australia, where we directly own $16.5 billion in office and industrial assets. Beyond this, we expertly manage an additional $15.6 billion in diverse properties—including office, retail, industrial, and healthcare—for various third-party clients. A substantial $11.4 billion development pipeline is set to fuel the growth of both our owned and managed portfolios, enhancing future financial returns. As Australia's preferred office partner, we provide 1.6 million square meters of workspace across 51 properties. Dexus (ASX: DXS) is a Top 50 company by market capitalization on the Australian Securities Exchange, backed by a global base of over 29,000 investors spanning 24 countries. With 36 years of profound expertise in property investment, development, and asset management, we demonstrate a proven history of excellence in capital and risk stewardship, ensuring outstanding service for tenants and delivering superior risk-adjusted returns for our 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$6.60
▲(7.89% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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