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DEXUS Property Group (DXS.AX)

DXS.AX on Australia Stock Exchange

10.25AUD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Dexus Property Group sells property to Charter Hall JV for $229 mln
Monday, 22 May 2017 07:50pm EDT 

May 23 (Reuters) - Dexus Property Group :Sale of remaining FY17 trading property.Exchanged contracts to sell 105 Phillip Street, Parramatta; property has been sold for $229 million to a Charter Hall Joint Venture.Property has been sold for $229 million to a Charter hall joint venture at an implied cap rate of 5.3 pct.Remaining proceeds from sale will be received on practical completion of development in mid-2018, contributing to FY18 trading profits.Portion of proceeds from sale will be received in May 2017 contributing to FY17 trading profits.  Full Article

Dexus Property says qtrly occupancy (by income) increased to 96.7%
Monday, 1 May 2017 07:14pm EDT 

May 2 (Reuters) - Dexus Property Group ::Qtrly occupancy (by income) increased to 96.7 pct.Reiterates market guidance for 12 months ending 30 June 2017.  Full Article

Dexus Property FY net profit $1.26 billion
Tuesday, 16 Aug 2016 06:35pm EDT 

DEXUS Property Group : Appendix 4e and financial reports as at 30 June 2016 . FY revenue from ordinary activities $ 865.5 million versus $858.9 million . FY net profit after tax $1.26 billion versus $618.7 million . FY funds from operations $610.8 million versus $544.5 million . Distributions per security of 20.46 cps for the period ending 30 June . Limited new supply & withdrawals expected to lead to a tightening in vacancy for majority of east coast markets in FY 2017 and FY 2018 . Sees 3.0-3.5% growth in underlying FFO per security in FY 2017 . Revenue generated from property services activities including leasing and development fees is expected to reduce in FY 2017 . Sees 2.5%-3.5% growth in distribution per security in FY 2017 .  Full Article

Dexus Property Group says Sale of Auburn property contributes to FY2017 trading profits
Sunday, 7 Aug 2016 07:40pm EDT 

DEXUS Property Group : Sale of Auburn property contributes to FY 2017 trading profits . Says gross sale proceeds of $65.0 million are expected to contribute about $25 million pre-tax to FY 2017 trading profits .  Full Article

Dexus Property announces asset sales
Sunday, 7 Aug 2016 07:40pm EDT 

DEXUS Property Group : Asset sales to progressively fund development pipeline . Entered into agreements to sell two investment properties . Gross proceeds achieved for the sale of 108 north terrace, Adelaide are $86.5 million . Entered agreement to sell 100% interest in southgate complex, Melbourne across two equal tranches for net sale proceeds of $578 million . Says proceeds of all sales will initially be used to repay debt .  Full Article

Dexus Property enters into agreement to sell its 50 pct interest in The Zenith
Friday, 20 May 2016 12:30am EDT 

DEXUS Property Group : Sale of the Zenith 821 Pacific Highway Chatswood . Gross sale price is $139.5 million . Says Dexus's share of net sale proceeds will be used to repay debt .  Full Article

Dexus Property reaffirms FY FFO guidance
Tuesday, 3 May 2016 07:39pm EDT 

Dexus Property Group:Reaffirms its guidance for the 12 months ending 30 June 2016 of growth in FFO per security of 5.5-6.0%.Expected to deliver growth in distribution per security of 5.5-6.0% for the 12 months ending 30 June 2016.  Full Article

Dexus Property says to acquire North Sydney office development site
Wednesday, 10 Feb 2016 04:31pm EST 

Dexus Property Group:Dexus and dwpf acquire North Sydney office development site.Says jointly entered into an agreement to each acquire a 50% interest in 90 and 100 mount street in North Sydney.Initial acquisition price of $41.0 million.Anticipated total development cost including the initial acquisition price is $467.5 million.Says development is expected to commence in July 2016.Says acquisition will have no impact on dexus's FFO per security or distribution per security guidance for FY 2016.Says will fund its share of the initial acquisition price through debt facilities.  Full Article

DEXUS Property Group updates on IOF scheme and receives ACCC approval
Monday, 18 Jan 2016 06:57pm EST 

DEXUS Property Group:Says received notice from the Australian competition and consumer commission.Condition of the implementation of the scheme has now been satisfied.Says it does not intend to conduct public review of proposal by Dexus to acquire entire capital of investa office fund.  Full Article

DEXUS Property says Dexus and IOF agree process and terms for merger
Sunday, 6 Dec 2015 06:12pm EST 

DEXUS Property:Dexus and IOF agree process and terms for merger.Says assets under management would increase to approximately $23.4 billion.Says transaction is expected to preserve dexus's a- credit rating and maintain its balance sheet strength.Revenue and cost synergies are expected to be realised in medium term with a increased customer base and larger number of assets.Transaction is expected to be, for IOF unitholders, accretive to FFO in FY 2016.Says implied enterprise value of IOF is $3.52 billion.Transaction expected to be, for Dexus security holders,accretive to underlying FFO and marginally dilutive to total FFO in FY 2016.  Full Article

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BRIEF-Dexus Property Group sells property to Charter Hall JV for $229 mln

* Exchanged contracts to sell 105 Phillip Street, Parramatta; property has been sold for $229 million to a Charter Hall Joint Venture