Business
Why the Dexus (ASX:DXS) share price is slipping today
The Dexus Property Group (ASX: DXS) share price is dipping today following the release of mixed first-half results for FY21.
At the time of writing, shares in the leading Australian real estate group are swapping hands for $8.50, down 2.75%.
How did Dexus perform?
For the period ending 31 December 2020, Dexus reported net profit after tax (NPAT) of $442.9 million. The result was a 55.5% decrease from the prior corresponding period due to net revaluation gains of investment properties. External auditors independently valued a total of 111 of 122 of Dexus’ office and industrial properties.
Adjusted funds from operations (AFFO) and distribution stood at 28.8 cents per security. This represented an increase of 7.1% and 6.7%,…
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