Dexus Finance Meets 2026 Guidance Amid Strategic Progress

Dexus Finance Pty Limited, traded as DXS on ASX, posted their 2026 annual results, aligning with financial guidance amidst a fluctuating economic landscape. The company reported AFFO of 45.0 cents per security and distributed 37.0 cents per security. Office occupancy stood impressively at 95.7%, outperforming market benchmarks.

CEO Ross Du Vernet emphasized strategic reviews of infrastructure funds post the 2023 AMP Capital transaction, reflecting a commitment to investor-driven resolutions. With a robust property portfolio, industrial property FFO grew due to development completions. However, increased net finance costs affected office property FFO negatively.

Dexus exceeded divestment targets, securing $2.5 billion in sales since FY24, bolstering financial stability. The group maintained a solid balance sheet with gearing at 33.4% and initiated strategic partnerships with Boral for a long-term development pipeline.

Despite market adversities, Dexus continues its trajectory towards diversified capital efficiencies, maintaining security holder distributions in line with previous years.