Strong foundations

Positive momentum


Annual Report 2018

Workspace Dexus

Introducing Workspace Dexus, putting our customers first.

Creating more connected, convenient and accessible communities for our customers, with a range of products and services designed to make your work life easier.

About Dexus

Dexus is one of Australia’s leading real estate groups, managing a high quality Australian property portfolio valued at $27.2 billion.

We believe the strength and quality of our relationships will be central to our success, and are deeply committed to working with our customers to provide spaces that engage and inspire.

The creation of sustained value is underpinned by our quality property portfolio, located across Australia’s major cities. We are committed to playing a leading role in shaping Australian cities for the future as desirable places to live, work and play.

$27.2bn

Total funds under management

148

Properties

4.5m

Square metres across the group

427

Engaged employees

$9.9bn

Market capitalisation

Top 50

Entity on ASX

Dexus’s strategy is to deliver superior risk-adjusted returns for investors from high quality real estate in Australia’s major cities.

Delivering superior risk-adjusted returns means outperforming the relevant three and five year benchmarks in each market in which Dexus owns or manages properties while providing Dexus Security holders with sustainable and growing distributions.

We have two strategic objectives that underpin this strategy:
  • Leadership in office: being the leading owner and manager of Australian office property
  • Funds management partner of choice: being the wholesale partner of choice in Australian property
To be globally recognised as Australia’s leading real estate companyTo deliver superior risk-adjusted returns for investors from high quality real estate in Australia’s major citiesVisionStrategyStrategic objectivesLeadership in officeFunds management partner of choiceBeing the leading owner and manager of Australian office propertyBeing the wholesale partner of choice in Australian property
To be globally recognised as Australia’sleading real estate companyTo deliver superior risk-adjusted returnsfor investors from high quality real estatein Australia’s major citiesVisionStrategyStrategicobjectivesLeadership in officeFunds managementpartner of choiceBeing the leadingowner and manager ofAustralian officepropertyBeing the wholesalepartner of choicein Australian property
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2018 Highlights

5.1%

Growth in distribution and AFFO per security

$36.6m

Realised trading profits net of tax

$1.2bn

Property portfolio valuation uplift

Progressed minimum 5 star NABERS Energy rating across

89%

of the office portfolio towards target of 1,000,000sqm by 2020

7.6%

Return on contributed equity

+4.5%

Office portfolio like-for-like income growth

Achieved gender pay equity in like-for-like roles

Completed the first round equity raising for the Healthcare Wholesale Property Fund

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Chair & CEO review

In FY18, we performed well across all areas of the business, meeting or exceeding our financial and operational targets, while continuing to unlock opportunities to ensure that we create sustained value for our investors.
Richard Sheppard
Chair
Darren Steinberg
Chief Executive Officer
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Positive Momentum

Case studies

In FY18, we performed well across all areas of the business, meeting or exceeding our financial and operational targets, while continuing to unlock opportunities to ensure that we create sustained value for our investors.

The case studies provided demonstrate how Dexus utilises its capabilities and people to drive performance across the group.

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Notice of meeting

Dexus's 2018 Annual General Meeting will be held at 2.00pm (AEST) on Wednesday 24 October 2018 at Dexus Place, Level 15, Governor Macquarie Tower, 1 Farrer Place, Sydney.

How to get to the meeting

By train: the closest train station is Circular Quay. Exit Circular Quay Station onto Alfred Street. Walk east on Alfred Street and turn right onto Young Street. Cross Bridge Street and continue to Governor Macquarie Tower - view map.

By bus: for information about bus routes and timetables, call 131 500 or visit www.131500.com.au

Parking: car parks available nearby include; Wilson Parking, 43 Phillip Street or Secure Parking, 131 Macquarie Street

Accessibility: a ramp is available near the corner of Bent and Bligh Streets for disabled access. Accessible doors are on either side of the revolving doors.

More details [PDF 69KB]

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