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 have been back on my watch list over recent times. There is...
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Last
$7.07 |
Change
-0.100(1.39%) |
Mkt cap ! $7.604B | |||
| Open | High | Low | Value | Volume |
| $7.13 | $7.16 | $7.07 | $23.50M | 3.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 73971 | $7.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.13 | 14037 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| DXS (ASX) Chart |