Dexus Upgrades Distribution Guidance as Fundamentals Remain Strong, Fair Value Estimate Maintained
Narrow moat-rated Dexus Property Group’s key markets, Melbourne and in particular, Sydney office, are continuing to perform strongly, with management expecting the momentum to continue. However, this is largely factored in our unchanged fair value estimate of AUD 8.80 per security. At current prices, securities in Dexus are trading at a 7% premium to our intrinsic assessment and at a 9% premium to net tangible assets of AUD 8.05 per security.The group achieved significant leasing volumes in off...
Dexus Property Group owns, manages and develops real estate assets and manages real estate funds on behalf of third party investors. Co.'s operating segments include: office, which comprises domestic office space with any associated retail space, as well as car parks and office developments; industrial, which comprises domestic industrial properties, industrial estates and industrial developments; property management, which comprises property management services for third party clients and owned assets; funds management, which comprises funds management of third party client assets; development and trading, which involves its development and inventory: and all other segments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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