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DXS

Dexus

Equity Real Estate Investment Trusts (REITs)

Dexus is an Australian Real Estate Investment Trust (REIT) focused on owning, managing, and developing high-quality office and industrial properties. The company provides spaces for businesses and manages investments in property assets, aiming to deliver sustainable income and long-term capital growth for its investors. Dexus holds a significant position in the Australian property market, leveraging its expertise in asset management and development to create value.

Short position

short percentage3.15%
reported shorts33.6M
shares on issue1.068B

Dexus (ASX:DXS) has 3.15% of its shares on issue reported as short positions as of 5 Oct 2026, or about 33,639,324 shares. Over the past 30 days that figure has fallen 0.36 percentage points, and over 90 days it has risen 2.21 percentage points. Its highest recorded short interest was 6.07% in November 2024. DXS is classified in the Equity Real Estate Investment Trusts (REITs) industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

Dexus (DXS) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$662.1Mvs $921.2M (FY25)
Yahoo Finance, as at 29 Sep 2026
NPAT
$610.4Mvs $156.5M (FY25)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
$0.55vs $0.15 (FY25)
Yahoo Finance, as at 29 Sep 2026
Rev YoY
−28.1%FY
EPS YoY
+274.3%FY

Key ratios

Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026

Gross margin
80.8%
Operating margin
33.7%
Net margin
92.2%
FCF margin
77.3%
ROE
6.2%
ROA
4.0%
FCF conversion
0.84×
Net debt (excl. leases)
$4.52B
Net debt / EBITDA
5.6×
Current ratio
0.3×
Interest cover
1.0×
Cash dividends paid / net profit
65.7%
Market cap
$6.10B
P/E
10.4×
P/B
0.6×

Property trust: profit and EBITDA include property revaluations, so margins and returns move with valuations.

Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

DXS income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$662.1M$921.2M$880.9M$837.7M
Gross profit$535.2M$701.3M$646.9M$639.7M
Operating income$222.8M$403.6M$324.2M$417.3M
EBITDA$729.7M$355.7M−$1.41B−$582.9M
EBIT$708.3M$337.6M−$1.43B−$591.3M
Interest expense$227.9M$202.9M$168.4M$150.2M
Pretax income$480.4M$134.7M−$1.59B−$741.5M
Tax−$1.8M−$1.4M−$9.7M$11.2M
NPAT$610.4M$156.5M−$1.58B−$685.2M
Net interest income−$186.0M−$179.7M−$148.0M−$163.4M
EPS basic$0.57$0.15−$1.47−$0.64
EPS diluted$0.55$0.15−$1.47−$0.64
Shares1.07B1.08B1.08B1.08B