Dexus (DEXSF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 18, 2026

TBA (Confirmed)

Period Ending

2026 (Q4)

Consensus EPS Forecast

0.21

Last Year’s EPS

0.23

Same Quarter Last Year

Analyst Consensus

Hold

Based on 7 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:Feb 17, 2026|

% Change Since:

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

Management reaffirmed guidance for the 12 months to 30 June 2026 of AFFO $0.445–$0.455 per security and distributions of $0.37 per security (H1 AFFO was $253m, H1 distribution $0.193 and payout ratio 82%, NTA $8.95). They flagged FY27 performance fees and trading profits will be materially lower (H1 performance fees $19m, $16m secured for H2; trading profits expected to total ~A$41m for FY26 with the bulk realized in H1), and set out capital-management metrics including look-through gearing toward the lower end of the 30–40% target, $2.5bn headroom, weighted average debt maturity 4.6 years, 95% of debt hedged at an average ~2.9%, and a A$500m subordinated note issuance (margins ~1.75–1.85% over BBSW with 50% equity credit). Committed development spend remaining is A$1.2bn over four years (A$360m expected in H2 FY26), with strong pre‑leasing (Atlassian 100% pre‑leased on a 15‑year lease with 4% p.a. increases; Waterfront 71% pre‑leased and a 40% uplift in net effective rent versus two years ago; office committed book ~83% pre‑leased with c.3.7% fixed annual increases; industrial committed book ~68% pre‑leased with ~3% annual increases), and the group reiterated capital recycling targets (A$1.4bn divested since 30 June 2024 toward a A$2bn target), raised >A$950m third‑party equity (A$640m new commitments, >A$280m secondaries), reduced the real‑estate redemption queue by ~A$1bn and activated an on‑market buyback of up to 10% of securities.

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.

Dexus (DEXSF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DEXSF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 18, 2026	2026 (Q4)	0.21 / -	0.227	―	―	―
Feb 17, 2026	2026 (Q2)	0.23 / 0.23	0.223	3.50% (<+0.01)
Aug 19, 2025	2025 (Q4)	0.21 / 0.23	0.22	3.23% (<+0.01)
Feb 17, 2025	2025 (Q2)	0.22 / 0.22	-0.394	156.58% (+0.62)
Aug 19, 2024	2024 (Q4)	0.22 / 0.22	0.235	-6.34% (-0.01)
Feb 13, 2024	2024 (Q2)	0.23 / -0.39	>-0.001	-55400.00% (-0.39)
Aug 15, 2023	2023 (Q4)	0.23 / 0.23	0.241	-2.65% (>-0.01)
Feb 13, 2023	2023 (Q2)	0.26 / >-0.01	0.509	-100.14% (-0.51)
Aug 16, 2022	2022 (Q4)	0.24 / 0.24	0.227	6.25% (+0.01)	―	―
Feb 15, 2022	2022 (Q2)	0.34 / 0.51	0.214	138.21% (+0.30)	―	―

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

DEXSF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 17, 2026	$4.47	$4.78	+6.94%
Aug 19, 2025	$4.72	$4.54	-3.81%
Feb 17, 2025	$4.65	$4.64	-0.21%
Aug 19, 2024	$4.65	$4.20	-9.51%

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 (DEXSF) report earnings?

Dexus (DEXSF) is schdueled to report earning on Aug 18, 2026, TBA (Confirmed).

What is Dexus (DEXSF) earnings time?

Dexus (DEXSF) earnings time is at Aug 18, 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 DEXSF EPS forecast?

DEXSF EPS forecast for the fiscal quarter 2026 (Q4) is 0.21.