In the most recent results they show Adjusted Funds From Operation (AFFO) of 28.9c, which is FFO after 'Maintenance and leasing capex' is subtracted. Dividend is 28.0c, so that was sustainable.
Big companies have a lot more options for capital management than smaller ones, they can sell buildings for example...
My investment thesis for REITs (not specifically DXS) is that long term building values should do well from inflation, and rents should increase with inflation as well.
I see more risk with offices (DXS) than residential (SGP), because there are questions about falling demand for office space due to work from home, on the other side of that, people working from home can justify a bigger home (spare bedroom as study), which is contributing to rental crisis.
If one wins the other loses in the short term, in the long term it will find a new balance.
Ann: HY23 Results presentation, page-7
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Last
$6.99 |
Change
0.025(0.36%) |
Mkt cap ! $7.491B | |||
| Open | High | Low | Value | Volume |
| $7.04 | $7.05 | $6.95 | $11.08M | 1.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 29390 | $6.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.99 | 27788 | 41 |
View Market Depth
| Last trade - 12.52pm 06/06/2024 (20 minute delay) ? |
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Last
$7.00 |
Change
0.025 ( 0.28 %) |
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| Open | High | Low | Volume | ||
| $7.03 | $7.04 | $6.95 | 224912 | ||
| Last updated 13.06pm 06/06/2024 ? | |||||
| DXS (ASX) Chart |