Dec 15 (Reuters) - Dexus (DXS) :
- PORTFOLIO VALUATION UPDATE
- 173 OF ITS 176 ASSETS, COMPRISING 33 OFFICE PROPERTIES AND 140 INDUSTRIAL PROPERTIES HAVE BEEN EXTERNALLY VALUED AS AT 31 DEC
- WE EXPECT WELL-LOCATED QUALITY ASSETS TO CONTINUE TO OUTPERFORM NON-CORE LOCATIONS AND SECONDARY ASSETS
- DRAFT EXTERNAL INDEPENDENT VALUATIONS RESULTED IN ESTIMATED DECREASE OF A$762.4 MILLION OR 5.2% ON PRIOR BOOK VALUES FOR 6-MONTH TO 31 DEC 2023
- WEIGHTED AVERAGE CAPITALISATION RATE ACROSS TOTAL PORTFOLIO EXPANDED FROM 5.11% AT 30 JUNE TO 5.45% AT 31 DEC
- WEIGHTED AVERAGE CAPITALISATION RATE OF OFFICE PORTFOLIO EXPANDED FROM 5.21% AT 30 JUNE TO 5.53% AT 31 DEC
- INDUSTRIAL PORTFOLIO WEIGHTED AVERAGE CAPITALISATION RATE EXPANDED FROM 4.76% AT 30 JUNE TO 5.18% AT 31 DEC
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