EQS-Adhoc

Dexus Finance Pty Limited: March 2024 quarter update

EQS-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Quarter Results/Real Estate Dexus Finance Pty Limited: March 2024 quarter update 07-May-2024 / 02:43 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Dexus (ASX: DXS)

ASX release

7 May 2024

March 2024 quarter update – Demonstrating platform resilience across the investment portfolio and the funds business

Ross Du Vernet, Dexus Group Chief Executive Officer & Managing Director said: “Our vision is to be Australasia’s leading real asset manager, and we remain focused on our strategic objectives of generating resilient income streams and being identified as an investment manager of choice.

“As incoming CEO, my immediate priorities are driving investment performance in the next phase of the investment cycle through refined investment strategies and deep sector expertise, as well as evolving our approach to capital allocation and risk management. We believe these areas will set up the group to scale efficiently and achieve leadership through investment performance.”

Key highlights

• Property portfolio continues to demonstrate resilience, maintaining high occupancy across the Dexus office portfolio of 94.4% and Dexus industrial portfolio of 96.6%
• Rent collections remain strong at 99.5%
• Dexus Real Estate Partnership 2 (DREP2), which launched late last year, raised more than $300 million in commitments towards its first close
• Secured circa $0.4 billion of transactions across the platform, the majority of which were divestments on behalf of a number of funds
• Continued to drive fund performance through active management across our real asset platform, delivering outperformance in Dexus Wholesale Shopping Centre Fund and Dexus Diversified Infrastructure Trust
• Restocking the trading pipeline

Outlook