- AFFO and distributions: $555.0 million (51.6 cents per security), down 3.0% YoY - Statutory net loss: $752.7 million; FY22 profit: $1,615.9 million due to fair valuation losses in FY23 vs gains in FY22 ROCE: 8.0% - Pro forma Gearing: 27.9%; 86% of debt hedged with 4.8-year average maturity - Completed acquisition of AMP Capital’s domestic real estate in March 2023 - Raised $1.6 billion of new equity across various platforms - $1.8 billion in asset sales; strengthening balance sheet - High occupancy: 95.9% for office, 99.4% for industrial - Portfolio valuations led to 6.9% decrease on prior book values; NTA per security down 11.4% to $10.88 - Underlying Funds From Operations: $688.3 million, down 6.3% YoY
CFO Keir Barnes emphasised distribution in line with free cash flow and strong rent collections: 99.6% in FY23
DXS Price at posting:
$8.01 Sentiment: None Disclosure: Not Held
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(20min delay)