News: DXS Dexus Sees FY25 AFFO Of 44.5-45.5 Au Cents Per Security, page-8

Wait for the broker downgrades to fly out the door soon, no company with debt should pay 100% payout in dividends they are doing so to try and keep the share price higher, this never works and will drop now they state cashflow, NTA going to drop further this year.

Dexus's decision to reset its dividend payout looks prudent to Jarden, but itsends a bearish signal to investors. Dexus now intends to pay out 80%-100% of adjustedfunds from operations, which led to it projecting an A$0.37/share distribution in FY2025. Jarden had been expecting 46.1 cents, with consensus hopes even higher. "Whilstthis is a prudent approach given the ongoing pressure on asset values and the significantdevelopment commitments, it highlights the weak cash generation in the currentenvironment," analyst Lou Pirenc says. Jarden has a neutral call on Dexus.