Strength in the Sydney Office Market to Continue, and a Weak Industrial Portfolio Poised to Rebound
Dexus reported funds from operations per security of AUD 0.631, up 6.0% year on year. The result was at the top end of guidance of 5.5%-6.0%. Distribution of AUD 43.51 cents per security is also up 6% year on year. Dexus guided to FFO growth of 3.0%-3.5% for fiscal 2017, or AUD 65-AUD 65.3 cents.As expected, like-for-like income growth in office was muted at 1.0%, and we suspect positive growth was only achieved because of higher occupancy levels. Occupancy in office increased to 96.3% from 95....
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.