Dexus Plans A$2 Billion Asset Sale Amid Global Uncertainty

Deal News | Feb 18, 2025 | EIN

Dexus, Australia's largest office property owner, is planning to sell A$2 billion worth of assets over the next three years, positioning Australia as an attractive investment location amid global uncertainty. Despite a challenging commercial property market and a 13.9% drop in adjusted funds from operations, Dexus is optimistic about future earnings due to anticipated interest rate cuts and stabilizing office demand. The company, which has already completed a quarter of its divestment plan, expects Australia to benefit from increased mergers and acquisitions demand. CEO Ross Du Vernet highlights Australia's economic diversification, population growth, and stable governance as key attractions for investors. Dexus reported a return to profitability with A$10.3 million for the half-year ending December 31. Despite a decrease in adjusted funds outlook, Dexus declared an interim distribution of 19 cents per security.

Sectors

Real Estate
Finance and Investment

Geography

Australia – Dexus is a major Australian company and the article discusses Australia's economic and regulatory environment as a selling point for investors.

Industry

Real Estate – Dexus is Australia's largest office landlord and is planning to sell A$2 billion worth of assets, which is a significant activity within the real estate sector.
Finance and Investment – Dexus is promoting Australia as a stable investment destination and discussing inbound M&A demand, relevant to finance and investment industries.

Financials

A$2 billion – Target amount of assets Dexus plans to sell over three years.
13.9% – Drop in adjusted funds from operations for Dexus over a six-month period ending December 31.
A$10.3 million – Dexus's profit for the half-year ending December 31, marking a return to profitability.
A$597.2 million – Loss reported by Dexus in the previous corresponding period.
19 Australian cents – Interim distribution per security declared by Dexus.
44.5 to 45.5 Australian cents – Dexus's expected adjusted funds from operations per share for the full financial year ending in June.

Participants

Name	Role	Type	Description
Dexus	Target Company	Company	Dexus is Australia's largest office landlord planning a significant asset sale.
Ross Du Vernet	CEO of Dexus	Person	Ross Du Vernet is the Chief Executive Officer of Dexus, discussing the company's strategy and outlook.
U.S. Government	Influencer	Government	Policies under U.S. President Donald Trump are mentioned as a factor contributing to global investment uncertainty, influencing Dexus's market positioning.