Aug 20 (Reuters) - Australia's Dexus (DXS) posted a wider-than-expected annual loss on Tuesday, as high interest rates wiped off around A$1.9 billion ($1.28 billion) in value of its property portfolio.
The real estate firm posted statutory net loss attributable of A$1.58 billion for the year ended 30 June, much wider than a Visible Alpha consensus of A$488.5 million loss and prior year's A$752.7 million loss.
It has also earmarked assets worth A$2 billion for sale over the next three years to "further enhance the quality of our portfolio".
($1 = 1.4852 Australian dollars)
News: DXS Australia's Dexus annual loss widens as high interest rates wipe off property value
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Last
$7.30 |
Change
0.050(0.69%) |
Mkt cap ! $7.851B | |||
| Open | High | Low | Value | Volume |
| $7.26 | $7.33 | $7.21 | $17.28M | 2.370M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12200 | $7.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.33 | 2928 | 2 |
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| Last trade - 16.10pm 11/08/2025 (20 minute delay) ? |
| DXS (ASX) Chart |