Dexus Releases Portfolio Update for September 2019 Quarter

  • Oct 23, 2019 AEDT
  • Team Kalkine

Dexus (ASX: DXS), Australia’s leading real estate group, has announced its property portfolio operational update for the quarter ended 30th September 2019.

Key Highlights:

  • Dexus leased 27,267 square metres of office space and 4,660 square metres of office development space across 77 transactions with office portfolio occupancy remaining high at 98.1%;
  • The company leased 22,691 square metres of industrial space across 30 transactions, with industrial portfolio occupancy increasing slightly to 97.4%;
  • For the 12 months ending 30 June 2020, Dexus expects to deliver distribution per security growth of circa 5%, with the distribution payout ratio remaining in line with free cash flow.

At AEST 01:15PM, the stock was trading at $12.035 per share, up by 3.128% from its previous close.


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