Too Many Clouds Above Dexus to Turn Bullish -- Market Talk

Dow Jones03-05

2119 GMT - Jefferies offers several reasons why it's sticking with a hold call on Dexus. Dexus's intention to buy back up to 10% of stock can boost its funds from operations and net tangible assets. "However, Dexus is arguably selling office at the bottom of the cycle," analyst Andrew Dodds says. Dexus's balance sheet is under pressure with gearing of 34%. That provides limited scope for Dexus to deploy capital into the buyback without selling assets, Jefferies says. Dexus is also in a dispute with Australia Pacific Airports Corp., with upcoming mediation a looming risk. Jefferies says A$41 million of trading profits made by Dexus in 1H has created a large earnings hole that must be filled in FY 2027. Dexus ended Wednesday at A$6.45, above Jefferies's A$6.10 price target. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 04, 2026 16:19 ET (21:19 GMT)

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Dexus is also in a dispute with Australia Pacific Airports Corp., with upcoming mediation a looming risk. Jefferies says A$41 million of trading profits made by Dexus in 1H has created a large earnings hole that must be filled in FY 2027. Dexus ended Wednesday at A$6.45, above Jefferies's A$6.10 price target. 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Dexus's intention to buy back up to 10% of stock can boost its funds from operations and net tangible assets. \"However, Dexus is arguably selling office at the bottom of the cycle,\" analyst Andrew Dodds says. Dexus's balance sheet is under pressure with gearing of 34%. That provides limited scope for Dexus to deploy capital into the buyback without selling assets, Jefferies says. Dexus is also in a dispute with Australia Pacific Airports Corp., with upcoming mediation a looming risk. Jefferies says A$41 million of trading profits made by Dexus in 1H has created a large earnings hole that must be filled in FY 2027. Dexus ended Wednesday at A$6.45, above Jefferies's A$6.10 price target. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 04, 2026 16:19 ET (21:19 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLSX","symbol_name":"Tradr 2X Long BLSH Daily ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2617356975","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617356975","pubTimestamp":1772659140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2119 GMT - Jefferies offers several reasons why it's sticking with a hold call on Dexus. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLSX":"Tradr 2X Long BLSH Daily ETF","BK7510":"REITs概念","BLSG":"2倍做多BLSH ETF-Leverage Shares","BK7154":"办公室房地产信托","BK4112":"金融交易所和数据","DEXSF":"DEXUS","DXS.AU":"Dexus","BK7122":"办公房地产投资信托"},"translate_title":"Dexus上空乌云太多，无法转为看涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLSX":0.6,"DEXSF":1.96,"BLSG":0.6,"DXS.AU":1.96},"content_text":"2119 GMT - Jefferies offers several reasons why it's sticking with a hold call on Dexus. Dexus's intention to buy back up to 10% of stock can boost its funds from operations and net tangible assets. \"However, Dexus is arguably selling office at the bottom of the cycle,\" analyst Andrew Dodds says. Dexus's balance sheet is under pressure with gearing of 34%. That provides limited scope for Dexus to deploy capital into the buyback without selling assets, Jefferies says. 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