5.90
-2.16%
Close of 9 Nov 2026, in AUD
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About Dexus
Its shares trade on ASX under the ticker DXS.AX. It has been listed since 6 October 2004. In the fiscal year to 30 June 2026, it reported revenue of A$723.9m and net income of A$482.9m. At that date it held total assets of A$15.22bn and shareholders' equity of A$9.95bn.
Dexus engages in real estate investments, leasing and tenant services. The company is headquartered in Sydney, New South Wales. The company went IPO on 2004-10-06. The principal activity of the Company is to own, manage and develop real estate assets, and manage real estate funds on behalf of third-party investors. The Company’s segments include Office, which consists of domestic office space with any associated retail space, as well as car parks and office developments; Industrial, which includes domestic industrial properties, industrial estates and industrial developments; Property management, which includes property management services for third-party clients and owned assets; Funds management, which consists of funds management of third-party client assets; Development and trading, which includes revenue earned and costs incurred by the Company on developments and inventory, and All other segments.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 6 Oct 2004
- Employees
- 552
- Website
- dexus.com ↗
Leadership
Pay as last reported
- Mr. Warwick NegusIndependent Non-Executive Chairman of the BoardA$490,000
- Mr. Ross Du VernetGroup Chief Executive Officer, Managing Director, Executive Director, since 2012A$2.5m
- Ms. Keir BarnesChief Financial OfficerA$1.6m
- Ms. Melanie BourkeChief Operating Officer
- Ms. Marjan van Der BurgChief People Officer
- Mr. Jonathan HedgerChief Investment Officer
- Mr. Brett CameronGeneral Counsel, Joint Company Secretary
- Mr. Andy CollinsExecutive General Manager - Office
- Mr. Marco EttorreExecutive General Manager - Retail
- Mr. Nik KempExecutive General Manager - Growth Markets
- Mr. Chris MackenzieExecutive General Manager - Industrial
- Mr. Scott MahonyJoint Company Secretary, Head of Governance, since 2019
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 89
- Environment
- 99
- Social
- 99
- Governance
- 70
- Direct emissions (scope 1)
- 10,360 t
- Energy emissions (scope 2)
- 104,093 t
- Value chain emissions (scope 3)
- 39,557 t
- Women in the workforce
- 57%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Dexus possesses a robust and well-diversified property portfolio consisting of high-quality assets across various sectors such as office, industrial, and retail. This diversity helps to mitigate risks and provides stable and consistent rental income.
- The company has a strong financial position, with a proven track record of delivering solid financial results. Its consistent profitability, healthy cash flows, and low debt levels contribute to financial stability and provide the capacity for future growth and investment opportunities.
- Dexus strategically acquires and develops properties in prime locations, including major Australian cities. This advantageous positioning enhances the attractiveness of its portfolio to tenants and drives higher occupancy rates, rental growth, and overall property value.
Weaknesses
- As Dexus operates in the property sector, it is susceptible to fluctuations in the real estate market. A significant portion of its property portfolio is exposed to economic and market conditions, which may impact occupancy rates, rental income, and valuation.
- The company's performance heavily relies on tenant demand for office and retail space. Economic downturns or changes in business dynamics may result in decreased demand, leading to higher vacancy rates or downward pressure on rental prices.
- While Dexus has a strong presence in Australia, it has limited international exposure. This lack of diversification in geographical markets may pose a risk if domestic market conditions deteriorate, as the company may face limited growth opportunities beyond the Australian market.
Opportunities
- Dexus can capitalize on infrastructure development initiatives, such as transport and urban renewal projects, which drive demand for commercial properties. Active participation in such projects can create new investment opportunities and strengthen its portfolio.
- Advancements in technology and changing work environments, such as flexible working arrangements and digital transformation, present opportunities for Dexus to adapt its properties and services to cater to evolving tenant needs and preferences.
- The growing focus on sustainability and environmental responsibility provides an opportunity for Dexus to invest in eco-friendly properties and implement sustainable practices. This can attract environmentally conscious tenants and enhance the long-term value and marketability of its portfolio.
Threats
- Dexus is exposed to economic downturns, fluctuations in interest rates, and market volatility, which can negatively impact property values, rental income, and demand. Unfavorable economic conditions can lead to reduced business activities and tenant bankruptcies.
- The property industry in Australia is highly competitive, with numerous players vying for tenants and seeking prime properties. Increased competition may lead to higher incentive offerings, lower rental yields, and reduced occupancy rates, affecting Dexus' profitability.
- Changes in regulations, tax policies, and legal frameworks impacting the property sector can introduce uncertainties and compliance burdens. Non-compliance or legal disputes may result in financial penalties, reputational damage, or disruptions to operations for Dexus.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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