Dexus Reports Half-Year Results with Strategic Progress

Dexus Finance Pty Limited has released its half-year results, emphasizing alignment with expectations and continued strategic progress. The company announced a distribution of 19.3 cents per security for the period ending December 31, 2025. Chief Executive Officer Ross Du Vernet highlighted an improvement in real asset markets, driven by business confidence, supply constraints, and stabilizing prices, contributing to consecutive property portfolio valuation uplifts.

The financial highlights include an AFFO of $253.3 million and a statutory net profit after tax of $348.5 million, a significant rise from $10.3 million the previous year, primarily due to valuation gains. Total office leasing volumes nearly doubled from last year, and the industrial sector saw significant growth.

Dexus also reported successful equity raising efforts, accumulating over $950 million and achieving divestments of $0.8 billion. Going forward, the company aims to enhance returns by increasing third-party capital participation, acknowledging a disconnect between equity market valuations and underlying assets.