Sturdy East Coast Office Demand Prompts Dexus Upgrade; FVE Increases to AUD 9.80
Dexus’s fiscal 2018 funds from operations, or FFO, of AUD 60.7 cents per security was up 3% on last year. Adjusted funds from operations, or AFFO, which is after maintenance and lease incentive costs, increased 5% to AUD 47.7 cents per security, aligning with growth in distributions. Dexus estimates rents across its office portfolio are currently 8% below market rates in Sydney and Melbourne. Assuming office demand remains solid, this will see large rent increases for the East Coast leases expir...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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