Dexus Reports 'Resilient' Industrial Portfolio in September Quarter

MT Newswires Live10-31

Real estate investment trust Dexus (ASX:DXS) reported "resilient" performance in its property portfolio in the September quarter, with industrial occupancy sliding to 96.2% from 96.8% in the previous quarter, according to a Wednesday filing with the Australian Securities Exchange.

The company's office portfolio occupancy by income decreased slightly to 93.5%, compared with the previous quarter's 94.8%, due to an anticipated expiry at a Melbourne central business district asset in Victoria, the filing said.

The company expects adjusted funds from operations of AU$0.445 to AU$0.455 per security for the 12 months ending June 30, 2025, with distributions of AU$0.37 per security, according to CEO Ross Du Vernet.

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