Dexus
DXS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$16.50 | Fdbvrrg | Zncnkqrj |
Dexus Earnings: Office Still Challenging but We're Seeing More Evidence for Eventual Recovery
Dexus’ first-half result revealed adjusted funds from operations of AUD 0.27 per security and distributions of AUD 0.27. That’s on track with our unchanged full-year estimates, and management guidance for full-year distributions of AUD 0.48 and AFFO “broadly in line with” fiscal 2023, excluding trading profits. We maintain our AUD 10.80 fair value estimate and Dexus securities screen as undervalued.