Dexus (ASX:DXS) Announces Portfolio Valuation Increase and Estimated Distribution
Portfolio Valuation Update
Dexus announced that all 177 assets, including 29 office and 148 industrial properties, were externally valued as at 30 June 2025. The valuations resulted in an estimated increase of approximately $55 million, or 0.4%, on book values across the stabilised portfolio and development assets for the six months to 30 June 2025. The office portfolio increased by 0.3% driven by market rental growth, while the industrial portfolio rose by 0.9%.
Estimated Distribution
Dexus also announced an estimated distribution of 18.0 cents per security for the six months to 30 June 2025. The distribution will be paid by Dexus Property Trust, with a record date of 30 June 2025, ex-distribution date of 27 June 2025, and payment date of 29 August 2025. Actual distribution details will be included in the FY25 results to be released on 20 August 2025.
APAC Legal Proceedings
Dexus provided an update on its interest in Australia Pacific Airports Corporation (APAC). The New South Wales Supreme Court hearing has been rescheduled to between 10 and 21 November 2025. The amended pleading by some Dexus Bloc Shareholders alleges the Notice was invalidly issued by APAC. Dexus has agreed to pay the legal costs of most Dexus Bloc Shareholders and any adverse cost orders.
Executive Comments
Ross Du Vernet, Dexus Group CEO and Managing Director, said: “It is positive to see valuation growth across the office and industrial portfolios. We expect well-located, high-quality buildings to continue to outperform the broader market.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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