Dexus Property Group

Dexus Finance Pty Limited: 2022 Half year results - Momentum in funds management and development

https://www.finanznachrichten.de/nachrichten-2022-02/55277011-dgap-adhoc-dexus-finance-pty-limited-2022-half-year-results-momentum-in-funds-management-and-development-023.htm

Highlights

    Net profit after tax of $803.2 million, up 82.0% on the previous corresponding period
    Adjusted Funds from Operations (AFFO) of 28.1 cents per security, down 2.4%, and a distribution of 28.0 cents per security, down 2.8% on the previous corresponding period, primarily driven by lower trading profits of $21.6 million (post tax) in HY22
    Rent collections remained strong at 97.9%
    Gearing[1] remains conservative at 31.1%
    $1.6 billion of cash and undrawn debt facilities
    Continued leadership in environmental, social and governance performance demonstrated by being the only real estate company to achieve a Gold Class distinction in the S&P Global Sustainability Yearbook 2022, retaining its leadership on the Dow Jones Sustainability Index, and achieving an A- score in the CDP Climate Change survey
    All funds performing with Dexus Wholesale Property Fund (DWPF) continuing to outperform its benchmark over three, five, seven and ten-year time periods and Dexus Healthcare Property Fund (DHPF) achieving a one-year return of 18.0%
    Raised $1.3 billion of new equity across existing funds since 30 June 2021
    High occupancy[2] of 95.1% for the Dexus office portfolio and 98.6% for the Dexus industrial portfolio
    Progressed planning for city-shaping projects in the group's $17.8 billion development pipeline

2021 Annual Report

https://hotcopper.com.au/threads/ann-2021-annual-report.6223217/

2021 Annual results

https://hotcopper.com.au/threads/ann-2021-annual-results-release.6223160/

Highlights
- Net profit after tax of $1,138.4 million, up 17%
- AFFO and distribution of 51.8 cents per security, up 3% on the prior year
- Return on Contributed Equity (ROCE)2 of 8.3%
- Grew funds management business FUM to $25.0 billion3 through establishing a new office joint
venture, securing approval for the merger of the circa $5.6 billion AMP Capital Diversified Property
Fund (ADPF) with Dexus Wholesale Property Fund (DWPF) and entering into a proposal to acquire
APN Property Group (APN)
- Continued leadership in environmental, social and governance performance with Dexus
retaining its number one position for the global real estate industry on the Dow Jones Sustainability
Index, and maintaining a leading position in GRESB and on the CDP Climate A list  
- Achieved an employee Net Promoter Score of +43 and customer Net Promoter Score4 of +46
- Rent collections for the Dexus portfolio were strong at 98.1% for FY21 and at 97.6% for the month of
July 2021
- Achieved high occupancy5 of 95.2% for the Dexus office portfolio and 97.7% for the Dexus industrial
portfolio through strong leasing
- Progressed planning for city-shaping projects in the group’s $14.6 billion development pipeline
- Completed $881 million of developments across the group including over $450 million of industrial
developments, increasing the total group industrial portfolio to 2.6 million square metres
- Gearing (look-through)6 remains conservative at 26.7%
- $1.1 billion of cash and undrawn debt facilities  
- Post 30 June 2021, Dexus obtained approval to acquire APN adding $2.9 billion of FUM to the
platform, acquired a 49% interest in Capital Square Tower 1 in Perth and entered into an agreement
to fund, develop and invest in Atlassian’s headquarters within the NSW State Government-led Tech
Central precinct