Dexus Withdraws its FY20 Guidance

  • Mar 26, 2020
  • Team Kalkine

In the early part of the 2HFY20, Dexus (ASX:DSX) operations have performed steady with anticipations. However, due to the evolving COVID-19 situation and the ambiguity that lies ahead, the Board of Directors of Dexus Funds Management Limited have withdrawn FY20 guidance and its associated assumptions.

  • Currently the company is assessing the impact of pandemic on its operating environment;
  • The company is supported by its strong financial position with a gearing of 25.5%;
  • The company has $1.3 billion of cash and committed undrawn bank facilities available, with about $400 million of debt maturing in late FY21.

At AEDT 01:01 PM, the stock was trading at $9.590 per share, up by 3.008% from its previous close.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

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