DXS have been back on my watch list over recent times. There is no question that they are a good solid company with a great diverse portfolio. I am however still sitting on the fence for the following reasons.
* Are there more write downs to come...so is the current NTA per share still inflated or is it going to get worse over the next few years? * Will incentives to tenants continue to increase into 2024 and 25 as times become tougher and with a significant increase in leases expiring next year and the year after? * Are companies going to downsize or rethink office and industrial space on the back of learnings from the past 3 years?
*So is the sector still going to be given a wider berth over the coming few years before things recover?
On the plus side is that Dexus has relatively low gearing and could find themselves with a ringside seat at possible upcoming distressed sales.
DXS Price at posting:
$7.81 Sentiment: Hold Disclosure: Not Held
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