A Quick look at Dexus’s March 2020 quarter portfolio Update & COVID-19 Response

  • May 05, 2020 AEST
  • Team Kalkine

Dexus (ASX:DXS) has released its March 2020 quarter portfolio update and its response to COVID-19.

March 2020 quarter Highlights:

  • Leased 33,284 m2 of office space across 62 transactions in the core portfolio.
  • Leased 21,094 m2 of industrial space across 22 transactions, with industrial portfolio occupancy staying strong at 96%.


COVID-19 Response:

  • 15% decrease in base fees for Non-Executive Directors
  • 15% decline in base salary for the CEO
  • 10% drop in base salary throughout all other executive level positions.
  • Withdrawn FY2020 guidance for distribution per security growth & the comprehensive assumptions linked with the guidance.



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