Dexus Property Valuation Lifted by $656 million

  • Dec 13, 2019 AEDT
  • Team Kalkine

Dexus (ASX: DXS) announced that 109 of its 118 assets, which comprises of 43 office properties and 66 industrial properties were externally valued by an external independent party. The valuation has resulted in a total estimated $656 million or about 4% increase on previous book value. Consequently, DXS’ net tangible asset backing (NTA) per security is expected to increase by 60 cents.

The weighted average capitalisation rate throughout the portfolio decreased 17 basis points over the past six months to 5.09%.

At AEST 01:10PM, the stock was trading at $11.67 per share, down by 1.76% from its previous close.


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