2346 GMT - Dexus shares gain after Australia's largest office landlord slightly beats expectations for its 1H earnings and readies a share buyback. Jarden says investors had low expectations ahead of the result, which topped market hopes for adjusted funds from operations by 1% due to stronger trading profits. "Buyback of up to 10% should be well received given a proven ability to sell assets around current valuations," analyst Tom Bodor says. Jarden highlights a stark disconnect between Dexus's net tangible assets of A$8.95/security and its stock price. Still, Dexus has balance sheet constraints that need to be managed. Jarden had an underweight call on Dexus and A$7.45/share price target ahead of the 1H result. The stock is up 5.1% at A$6.63. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 17, 2026 18:46 ET (23:46 GMT)
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