Dexus (ASX:DXS) Boosts Property Valuations, Declares H2 Distribution Ahead of FY25 Results

June 24, 2025 04:11 PM AEST | By Team Kalkine Media

Dexus (ASX:DXS) Boosts Property Valuations, Declares H2 Distribution Ahead of FY25 Results — Image source: Shutterstock

Valuation Update: $55 Million Growth Across Portfolio

In a comprehensive mid-year revaluation exercise, all 177 assets under Dexus’ management — consisting of 29 office buildings and 148 industrial properties — were externally reassessed. The results indicate a total increase of approximately $55 million, or 0.4%, in asset value across both stabilised and development assets.

The industrial segment led the uplift with a 0.9% rise, driven by robust demand and continued rental growth in logistics and warehousing spaces. Meanwhile, the office portfolio recorded a 0.3% increase, supported by positive trends in market rents, particularly for well-located and high-quality buildings.

CEO and Managing Director Ross Du Vernet acknowledged the valuation boost, citing confidence in premium property segments continuing to outshine broader market performance.

FY25 Second Half Distribution Guidance

Dexus has confirmed an estimated distribution of 18.0 cents per security for the six months ending 30 June 2025. Key dates include:

Ex-distribution date: 27 June 2025
Record date: 30 June 2025
Payment date: 29 August 2025

The finalised details of the distribution will be presented in the full-year FY25 results, scheduled for release on 20 August 2025.

Legal Proceedings Involving APAC Interest

An update was also shared regarding Dexus’ stake in Australia Pacific Airports Corporation (APAC). The New South Wales Supreme Court has rescheduled its hearing to between 10 and 21 November 2025. Certain shareholders have challenged the validity of a notice issued by APAC. In response, Dexus has agreed to cover legal costs for the majority of these shareholders, including any potential adverse cost orders.

Broader Market Relevance

With Dexus (DXS) being a constituent of the ASX300, its performance offers insight into broader real estate sector movements in Australia. The rise in industrial valuations particularly reflects ongoing trends in logistics and infrastructure investment across the country.

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