Subscribe

Dexus (DXS.AX)

AUD5.64 -0.02 (-0.35%)
AU ASX Real Estate REIT - Diversified
Address Australia Square 2000
Sydney, NSW, AU
CEO Ross G. Du Vernet
Website dexus.com
IPO 2004-10-06
ISIN AU000000DXS1

Explore sections of this company profile

Also trades on Australian Securities Exchange · DXS.AX (AUD) Other OTC · DEXSF (USD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
AUD5.64 -0.02 (-0.35%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
3M
Beta
0.73
Float Shares
1.06B
Free Float %
98.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.40% -7.43% -9.95% -16.39% -21.65% -19.05% -19.86% -30.74% -46.21% -35.89% -40.63%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.64
DCF (Levered) 16.66 +195.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 27% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 7 0
Sell 1 0
Strong Sell 0 -1
Quality scores
Altman Z-Score
1.21
Distress
Piotroski F-Score
8 / 9
Strong
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +4.6% Q4'25: -28.5% (vs Q4'23)
  • EPS growth
    +110.2% Q4'25: +157.1% (vs Q4'23)
  • FCF margin
    Q4'25: +155.1% (vs Q4'23)
  • EBIT margin
    Q4'25: +125.2% (vs Q4'23)
  • ROIC
    Q4'25: +12.4% (vs Q4'23)
  • Share dilution
    -0.2% Q4'25: 0.0% (vs Q4'23)
  • Debt / EBITDA
    13.58× Q4'25: 2.54× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 56% × Ke + 45% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 5.64
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2005
actual
Jun 2006
actual
Jun 2007
actual
Jun 2008
actual
Jun 2009
actual
Jun 2010
actual
Jun 2011
actual
Jun 2012
actual
Jun 2013
actual
Jun 2014
actual
Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
1 Rev. Ana.
6 EPS Ana.
Jun 2027
1 Rev. Ana.
5 EPS Ana.
Jun 2028
1 Rev. Ana.
3 EPS Ana.
Jun 2029
1 Rev. Ana.
1 EPS Ana.
Jun 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
504.51M
est: 438.17M (+15.1%)
659.75M
est: 540.66M (+22.0%)
693.43M
est: 567.76M (+22.1%)
664.83M
est: 553.51M (+20.1%)
708.51M
est: 595.06M (+19.1%)
676.38M
est: 568.62M (+19.0%)
629.07M
est: 564.34M (+11.5%)
653.58M
est: 624.27M (+4.7%)
546.60M
est: 542.71M (+0.7%)
758.10M
est: 546.64M (+38.7%)
1.11B
est: 667.06M (+66.6%)
1.39B
est: 689.89M (+101.8%)
1.38B
est: 723.13M (+90.2%)
1.38B
est: 774.88M (+77.9%)
1.33B
est: 943.76M (+41.1%)
994.00M
est: 900.24M (+10.4%)
1.02B
est: 818.51M (+24.3%)
863.10M
est: 859.07M (+0.5%)
877.60M
est: 909.13M (-3.5%)
880.90M
est: 873.86M (+0.8%)
921.20M
est: 782.35M (+17.7%)
865.31M
865.31M – 865.31M
+10.6% YoY
840.88M
840.88M – 840.88M
-2.8% YoY
934.91M
925.26M – 944.57M
+11.2% YoY
956.65M
956.65M – 956.65M
+2.3% YoY
937.81M
937.81M – 937.81M
-2.0% YoY
EBITDA
351.64M
est: 61.50M (+471.8%)
1.26B
est: 148.70M (+749.1%)
1.43B
est: 79.69M (+1,695.2%)
624.66M
est: 77.69M (+704.1%)
-1.44B
est: 263.48M (-645.1%)
195.79M
est: -3.28B (+106.0%)
632.99M
est: -208.53M (+403.5%)
464.08M
est: 620.13M (-25.2%)
433.40M
est: 1.04M (+41,444.2%)
482.40M
est: 76.72M (+528.8%)
711.01M
est: 550.08M (+29.3%)
330.40M
est: 96.83M (+241.2%)
361.40M
est: 101.49M (+256.1%)
383.30M
est: 108.76M (+252.4%)
342.70M
est: 132.46M (+158.7%)
269.40M
est: 126.35M (+113.2%)
448.80M
est: 114.88M (+290.7%)
471.20M
est: 120.57M (+290.8%)
-582.90M
est: 127.60M (-556.8%)
-6.30M
est: 122.65M (-105.1%)
355.70M
est: 109.80M (+223.9%)
121.45M
121.45M – 121.45M
+10.6% YoY
118.02M
118.02M – 118.02M
-2.8% YoY
131.22M
129.86M – 132.57M
+11.2% YoY
134.27M
134.27M – 134.27M
+2.3% YoY
131.62M
131.62M – 131.62M
-2.0% YoY
EBIT
351.64M
est: 55.80M (+530.2%)
1.26B
est: 427.70M (+195.0%)
1.43B
est: 72.30M (+1,875.2%)
621.66M
est: 70.48M (+782.0%)
-1.44B
est: 75.77M (-2,001.7%)
192.29M
est: 323.11M (-40.5%)
629.18M
est: 211.48M (+197.5%)
461.28M
est: 79.49M (+480.3%)
621.80M
est: 387.12M (+60.6%)
608.30M
est: 394.94M (+54.0%)
836.40M
est: 478.98M (+74.6%)
1.47B
est: 507.99M (+190.3%)
1.41B
est: 497.12M (+184.3%)
1.89B
est: 527.54M (+259.0%)
1.48B
est: 540.99M (+172.8%)
259.50M
est: 569.26M (-54.4%)
1.31B
est: 457.13M (+186.7%)
457.40M
est: 461.36M (-0.9%)
-591.30M
est: 357.68M (-265.3%)
-20.20M
est: 332.81M (-106.1%)
337.60M
est: 103.18M (+227.2%)
110.19M
110.19M – 110.19M
+6.8% YoY
107.08M
107.08M – 107.08M
-2.8% YoY
119.05M
117.82M – 120.28M
+11.2% YoY
121.82M
121.82M – 121.82M
+2.3% YoY
119.42M
119.42M – 119.42M
-2.0% YoY
Net Income
-11.79M
est: 668.90M (-101.8%)
1.01B
est: 276.85M (+264.9%)
1.17B
est: 1.06B (+10.2%)
438.28M
est: 1.14B (-61.5%)
-1.46B
est: 483.39M (-401.8%)
31.42M
est: -1.37B (+102.3%)
553.01M
est: 30.83M (+1,693.9%)
181.07M
est: 611.72M (-70.4%)
514.50M
est: 157.44M (+226.8%)
406.60M
est: 518.23M (-21.5%)
618.70M
est: 494.17M (+25.2%)
1.26B
est: 694.72M (+81.3%)
1.26B
est: 1.25B (+1.2%)
1.73B
est: 1.34B (+29.3%)
1.28B
est: 1.88B (-31.8%)
983.00M
est: 1.56B (-37.1%)
1.14B
est: 1.00B (+13.6%)
1.62B
est: 1.01B (+59.7%)
-752.70M
est: -752.70M (+0.0%)
-1.58B
est: -1.58B (+0.3%)
156.50M
est: 662.79M (-76.4%)
666.95M
661.87M – 682.43M
+0.6% YoY
641.08M
606.20M – 675.96M
-3.9% YoY
706.29M
508.22M – 912.91M
+10.2% YoY
676.89M
676.89M – 676.89M
-4.2% YoY
747.24M
747.24M – 747.24M
+10.4% YoY
SGA
est: 107.09M (-100.0%)
est: 53.35M (-100.0%)
est: 525.1K (-100.0%)
26.53M
est: 135.28M (-80.4%)
65.99M
est: 25.70M (+156.8%)
67.61M
est: 70.67M (-4.3%)
76.93M
est: 76.58M (+0.5%)
83.24M
est: 93.69M (-11.2%)
58.60M
est: 89.72M (-34.7%)
71.30M
est: 64.26M (+11.0%)
86.40M
est: 79.61M (+8.5%)
91.10M
est: 93.76M (-2.8%)
98.90M
est: 84.59M (+16.9%)
106.30M
est: 96.39M (+10.3%)
121.10M
est: 105.57M (+14.7%)
150.40M
est: 135.27M (+11.2%)
143.20M
est: 124.91M (+14.6%)
186.10M
est: 126.07M (+47.6%)
222.40M
est: 97.74M (+127.5%)
292.50M
est: 90.94M (+221.6%)
258.10M
est: 198.03M (+30.3%)
211.48M
211.48M – 211.48M
+6.8% YoY
205.51M
205.51M – 205.51M
-2.8% YoY
228.49M
226.13M – 230.85M
+11.2% YoY
233.80M
233.80M – 233.80M
+2.3% YoY
229.20M
229.20M – 229.20M
-2.0% YoY
EPS
-0.03
est: 0.62 (-105.0%)
2.08
est: 0.65 (+220.2%)
2.34
est: 0.66 (+253.6%)
0.85
est: 0.68 (+24.1%)
-2.36
est: 0.61 (-484.1%)
0.04
est: 0.45 (-91.1%)
0.69
est: 0.44 (+55.3%)
0.23
est: 0.47 (-50.8%)
0.65
est: 0.46 (+41.8%)
0.50
est: 0.49 (+1.2%)
0.68
est: 0.56 (+20.6%)
1.30
est: 0.57 (+128.6%)
1.31
est: 0.59 (+123.4%)
1.70
est: 0.59 (+189.2%)
1.25
est: 0.61 (+103.7%)
0.89
est: 0.63 (+42.4%)
1.05
est: 0.62 (+70.3%)
1.50
est: 0.65 (+129.2%)
-0.70
est: 0.67 (-205.2%)
-1.47
est: 0.66 (-322.4%)
0.15
est: 0.62 (-75.8%)
0.63
0.62 – 0.64
+0.8% YoY
0.60
0.56 – 0.63
-4.0% YoY
0.63
0.47 – 0.85
+5.4% YoY
0.63
0.63 – 0.63
-0.4% YoY
0.70
0.70 – 0.70
+10.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-28 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-27 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-26 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-25 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-22 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-21 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-20 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-19 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-18 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-15 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-14 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-13 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-12 A- 4/5 5/5 3/5 4/5 3/5 2/5 4/5
2026-05-11 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-08 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-07 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-06 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-05 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-04 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-01 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 5/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-23 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-20 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-17 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-16 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5
2026-04-15 A 4/5 5/5 3/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.00B
OE per share TTM
1.86
Owner's Yield
33.19%
Maintenance CapEx ratio
9.76%
Maint CapEx / Avg PPE
4.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
347.3K
Shares Outstanding
1.07B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ross G. Du Vernet Group CEO & MD 2M male
Keir L. Barnes Chief Financial Officer 1M female
Jonathan Hedger Chief Investment Officer 1M male
Marjan van der Burg Chief People Officer male
Melanie Bourke Chief Operating Officer female
Ramana James Head of Sustainability
Richard Garing Regional General Manager of Office & Industrial male
Brett D. Cameron GAICD General Counsel & Company Secretary of Dexus Funds Management Limited male
Rowena Causley Head of Investor Relations female
Kirrily Lord Executive General Manager of Retail female
Louise Murray General Manager of Corporate Affairs & Communications female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits