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Earnings Data
Report Date
Aug 20, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.32Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
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.Company Guidance
AFFO, distributions and NTA
Delivered AFFO of $253 million and distributions per security of $0.193 (payout ratio 82%). Statutory net profit and NTA increased to $8.95 per security; reaffirmed FY26 AFFO guidance of $0.445–$0.455 and distributions guidance of $0.37 per security.
Positive portfolio valuations and stabilizing cap rates
Second consecutive six-month period of positive property valuations with the overall portfolio up 1% for the six months to 31 Dec (office +0.7%, industrial +1.6%). Valuation movement predominantly driven by rental growth as cap rates stabilized.
Office leasing recovery and strong occupancy
Leasing volumes ~95,000 sqm in the half — almost double prior corresponding period. Portfolio occupancy 92.2% (well above market) and one-year total return of 5.7% at December. Face leasing spreads up ~9% across the portfolio and effective leasing spread improved to negative 5% (from ~negative 16% a year ago).
Waterfront Brisbane development progress
Waterfront Riverwalk opened; vertical construction underway. Waterfront is 71% pre-leased and recent leasing reflected a ~40% improvement in net effective rent versus the comparable deal two years prior. Aggregate committed development book 83% pre-leased with ~3.7% average fixed annual increases.
Atlassian Central pre-lease and development
Atlassian Central is 100% pre-leased on a 15-year lease with 4% p.a. fixed increases; completion on schedule late 2026, offering stable long-term income for the asset on completion.
Industrial portfolio outperformance
Industrial delivered a one-year total return of 8.8%; occupancy by income increased to 97% (occupancy by area 97.5%); like-for-like income +8.7%; strong re-leasing spreads of 33% and average incentives ~21.5%. Portfolio is ~8.9% under-rented with 20% set to access rental reversion by FY27.
Active capital recycling and divestments
Undertook ~$800 million of divestments during the half and secured $1.4 billion of divestments since 30 June 2024, progressing toward a $2 billion target to transition the balance sheet.
Fundraising and third‑party capital growth
Raised over $950 million of third-party equity (≈$640 million new equity commitments and >$280 million in facilitated secondary unit transactions). Closed new fund series (DREP2) above target and invested $170 million seed into DSIT1 (aim to reduce to $50 million).
Balance sheet strength and funding actions
Look-through gearing toward the lower end of 30–40% target range; $2.5 billion headroom; weighted average debt maturity 4.6 years; 95% of debt hedged at an average rate of 2.9%. Issued $500 million subordinated notes (margins ~1.75–1.85% over 3m BBSW) with 50% equity credit.
Funds management performance
Flagship fund DWPF outperformed benchmark across all time periods, outperforming by ~200 bps for 12 months to 31 Dec. Continued rationalisation of subscale funds and reduction of the real estate redemption queue by ~$1 billion during the half.
Capital returns to investors
Activated an on-market securities buyback of up to 10% of DEXUS securities, to be executed in a disciplined manner consistent with balance sheet strength and ongoing capital recycling.
AU:DXS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:DXS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | AU$6.31 | AU$6.74 | +6.81% |
Aug 19, 2025 | AU$7.29 | AU$7.25 | -0.54% |
Feb 17, 2025 | AU$7.41 | AU$7.35 | -0.77% |
Aug 19, 2024 | AU$6.91 | AU$6.29 | -8.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dexus (AU:DXS) report earnings?
Dexus (AU:DXS) is schdueled to report earning on Aug 20, 2026, TBA (Confirmed).
What is Dexus (AU:DXS) earnings time?
Dexus (AU:DXS) earnings time is at Aug 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Dexus stock?
The P/E ratio of Dexus is N/A.
What is AU:DXS EPS forecast?
AU:DXS EPS forecast for the fiscal quarter 2026 (Q4) is 0.3.