Dexus

DXS: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$96.60ZkknvgHgcszymrl

Dexus: Office Conditions to Slowly Recover; Attractive Yield Rewards Investor Patience

Office conditions will likely remain tough for several years given the weight of arriving supply, and mediocre demand, but narrow-moat Dexus securities price in more than enough bad news to look undervalued. Dexus pays a fiscal 2024 yield of roughly 7% against a 10-year bond yield of roughly 4.5%, which looks attractive while investors wait for recovery.

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