Valuation DEXUS

Equities

Market Closed - Australian S.E. Other stock markets 00:10:26 2025-12-05 EST			5-day change	1st Jan Change
7.070 ^AUD	0.00%		-1.26%	+6.16%

12-04	Dexus prices A$500 million of subordinated notes	RE
12-04	Dexus Prices AU$500 Million Subordinated Notes Issue	MT

Data adjusted to current consolidation scope

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	11,476	9,551	8,389	6,953	7,133	7,582	-	-
Change	-	-16.78%	-12.16%	-17.12%	2.59%	6.3%	-	-
Enterprise Value (EV) ¹	16,381	14,418	13,611	11,809	11,790	12,607	12,821	12,773
Change	-	-11.99%	-5.6%	-13.24%	-0.16%	6.93%	1.7%	-0.38%
P/E ratio	10.2x	5.99x	-11.1x	-4.4x	52.4x	11x	11.1x	10.7x
PBR	0.92x	0.7x	0.68x	0.68x	0.72x	0.75x	0.73x	0.72x
PEG	-	0.1x	0x	-0x	-0x	0x	-11.38x	2.75x
Capitalization / Revenue	11.3x	10.9x	9.89x	7.71x	7.5x	9.89x	9.24x	8.66x
EV / Revenue	16.1x	16.5x	16x	13.1x	12.4x	16.4x	15.6x	14.6x
EV / EBITDA	19x	15.5x	15.1x	13.5x	13x	15.2x	15.1x	14x
EV / EBIT	19.2x	15.8x	15.3x	13.7x	13.3x	15.1x	15.1x	14.1x
EV / FCF	23.7x	26x	24.8x	25.3x	16x	99.1x	162x	50.4x
FCF Yield	4.21%	3.85%	4.02%	3.95%	6.26%	1.01%	0.62%	1.98%
Dividend per Share ²	0.518	0.532	0.516	0.48	0.37	0.3716	0.3774	0.3913
Rate of return	4.85%	5.99%	6.62%	7.41%	5.56%	5.26%	5.34%	5.53%
EPS ²	1.047	1.484	-0.7	-1.473	0.1268	0.641	0.6348	0.6595
Distribution rate	49.5%	35.9%	-73.7%	-32.6%	292%	58%	59.5%	59.3%
Net sales ¹	1,016	874.3	848.4	902.2	951.2	766.7	820.8	875.5
EBITDA ¹	862.3	928.4	899.9	876.9	903.6	830.7	851.9	915.3
EBIT ¹	853.2	914.6	891.5	863	885.5	837.2	848.1	904.6
Net income ¹	525	1,583	-752.7	-1,584	136.1	705.2	719.5	757.6
Net Debt ¹	4,905	4,867	5,222	4,856	4,657	5,025	5,239	5,191
Reference price ²	10.670	8.880	7.800	6.480	6.650	7.070	7.070	7.070
Nbr of stocks (in thousands)	1,075,565	1,075,565	1,075,565	1,073,020	1,072,665	1,072,464	-	-
Announcement Date	8/16/21	8/16/22	8/15/23	8/19/24	8/19/25	-	-	-

¹AUD in Million²AUD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DEXUS	11.03x	16.44x	15.18x	5.26%	5.03B
BXP, INC.	96.27x	7.78x	14.02x	5.04%	10.98B
NIPPON BUILDING FUND INC.	28.23x	18.05x	29.74x	3.54%	7.9B
JAPAN REAL ESTATE INVESTMENT CORPORATION	24.18x	15.71x	25.13x	3.87%	5.82B
KILROY REALTY CORPORATION	18.31x	8.29x	13.65x	5.31%	4.82B
EMBASSY OFFICE PARKS REIT	42.21x	13.28x	17.32x	5.82%	4.65B
COUSINS PROPERTIES INCORPORATED	68.57x	7.69x	11.84x	5.2%	4.14B
COLONIAL SFL, SOCIMI, S.A.	9.76x	19.38x	23.48x	5.96%	3.72B
COPT DEFENSE PROPERTIES	21.63x	7.85x	14.61x	4.19%	3.29B
MINDSPACE BUSINESS PARKS REIT	41.96x	13.19x	17.6x	4.87%	3.34B
Average	36.22x	12.77x	18.26x	4.91%	5.37B
Weighted average by Cap.	42.70x	12.62x	18.64x	4.82%