Dexus reports $250 million valuation uplift

Company News

by Rachael Jones

Property giant Dexus (ASX:DXS) today announced $250 million valuation uplift achieved across their portfolio. 

109 of its 114 assets, with 45 office properties and 64 industrial properties have been externally valued as at 30 June 2019.

Resulting in a total estimated at $250 million or 1.6 per cent increase on prior book values for the six months to 30 June 2019.

As a result of these valuations Dexus’s net tangible asset backing (NTA) per security is expected to increase 23 cents.

Shares in Dexus (ASX:DXS) are trading 0.7 per cent lower at $13.62. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.