Business
Empty offices didn’t hurt Australia’s biggest landlord – The Australian Financial Review
Dexus, the country’s largest office landlord, has weathered the disruption to the CBD sector with a slight dip in its interim earnings while confirming its full-year…
Dexus recorded a 7.1 per cent rise in its adjusted funds from operations result and a 6.7 per cent increase in its distribution of 28.8¢. That result was mostly driven by trading profits.
The landlord, which manages a portfolio of both office and industrial properties, has reaffirmed its guidance for the full 2021 year for a distribution consistent with the previous years payout of 50.3¢.
Rent collections were at 96 per cent for the portfolio in the six months to the end of December.
Significantly,…
Continue Reading