Dexus's Portfolio Valuation Points to Stabilization

Dow Jones
07/06

0213 GMT - The small valuation drop in Dexus's property portfolio is seen at Citi as more evidence that the real-estate market is stabilizing rather than deteriorating. Citi's analysts say that the modest 0.2% decline in book values across Dexus's stabilized portfolio represents a broadly resilient outcome. They tell clients in a note that they remain constructive on the medium-term outlook for prime office space. They say the stock is still trading at a meaningful discount to the value of Dexus's net tangible assets, but lacking short-term catalysts for any rerating. Citi has a neutral rating on the stock and a target price of 6.50 Australian dollars. Shares are up 1.2% at A$5.525. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 05, 2026 22:13 ET (02:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10