Dexus Finance Reports Resilient Performance in September 2024 Quarter

Dexus Finance Pty Limited announced results for the September 2024 quarter, highlighting the resilience of its investment portfolio. CEO Ross Du Vernet indicated a focus on high-quality asset management and capital allocation, aiming for long-term growth. The company maintained strong occupancy rates, with 93.5% for office and 96.2% for industrial properties, and achieved a 99.5% rent collection rate.

Dexus completed approximately $0.7 billion in transactions, mainly divestments, and successfully partnered on a project converting a Brisbane office to student accommodation. The company also reported significant outperformance of its funds compared to benchmarks.

Dexus anticipates stronger real asset transaction markets due to shifting interest rates and maintains its earnings and distribution forecasts. The company continues to integrate ESG considerations, achieving a 6 Star Green Star rating and recognition in the GRESB sustainability rankings.