Dexus announces FY25 distribution of 37.0 cents per security

Dexus has released its annual results for the year ended June 30, 2025, achieving a distribution of A$0.370 per security. This is consistent with its updated distribution policy and reflects an 82.2% payout ratio. The company reported Adjusted Funds From Operations (AFFO) of A$483.9m, or A$0.450 per security, meeting its guidance. Its statutory net profit after tax significantly improved to A$136.1m, compared to a net loss of A$1,583.8m in FY24, primarily due to stabilising capitalisation rates.

The company maintained a strong balance sheet with gearing at 31.7% and A$3.0bn in cash and undrawn debt facilities. Property portfolio results remained resilient, with high occupancy rates of 92.3% for office and 96.2% for industrial properties, and strong rent collections at 99.6%. Dexus manages A$35.6bn across its funds management business and has a real estate development pipeline of A$13.3bn. For the six months to June 30, 2025, Dexus paid a distribution of A$0.180 per security.

Looking ahead, Dexus anticipates AFFO of A$0.445-A$0.455 per security and distributions of A$0.370 per security for the 12 months ending June 30, 2026, barring unforeseen circumstances.