Dexus Property Group
(ASX:DXS) has generated a full year net profit of $514 million, up 280 per cent on last year.
The result came primarily after a revaluation of investment properties.
During the year Dexus engaged in $2.9 billion in transactions, divesting offshore holdings and investing $1.1 billion in the Australian market.
Chief executive officer Darren Steinberg says the group has delivered on all of its strategic objectives in a tough operating environment.
Distributions for the year were 6 cents per security, up 12 per cent on year and a final distribution of 3.11 cents per security will be paid on August 30.
