Dexus (AU:DXS) has released an update.
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Dexus reported its annual results for 2024, with AFFO at $516.3 million and distributions of 48.0 cents per security, reflecting a resilient performance despite a challenging market environment. The company experienced a statutory net loss due to significant unrealised valuation losses on investment property, but maintained strong occupancy rates and rent collections. Looking ahead, Dexus is refining its strategy to focus on sector-aligned performance and sustainable capital investment, with expectations for AFFO of 44.5-45.5 cents per security and distributions of circa 37.0 cents per security for 2025.
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