Dexus Reports Slight Occupancy Decline in September Quarter, Reaffirms Fiscal 2026 Guidance

MT Newswires Live

Oct 29

Dexus (ASX:DXS) reported its property portfolio remained well positioned in the September quarter, with industrial occupancy by income sliding to about 96% from over 96% in the previous quarter, according to a Wednesday filing with the Australian bourse.

The company's office portfolio occupancy by income decreased to more than 91%, compared with the previous quarter's 92% due to expected departures at 80 Collins South in Melbourne and 25 Martin Place in Sydney, the filing said.

The company reiterated its adjusted funds from operations forecast of AU$0.445 to AU$0.455 per security for the 12 months ending June 30, 2026, with distributions of AU$0.37 per security, according to Chief Executive Ross Du Vernet.

The company's shares fell around 2% in recent Wednesday trade.

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