Debt overview
Dexus has a strong track record of proactive and prudent management of the group's capital and financial risks.
Dexus manages total debt capital of over $6 billion on behalf of the listed Dexus entity (DXS) and the group's third party clients, with funding sourced from domestic and international capital markets and through relationships with a range of banks.
DXS is rated by Standard and Poor's (S&P) and Moody's and Dexus Wholesale Property Fund (DWPF) is rated by S&P.
32.0%
Gearing1
(look-through)
4.8 years
Debt duration
4.1%
Cost of debt
A- (Stable)
S&P long-term outlook
A3 (Stable)
Moody's long-term outlook
1Pro forma gearing includes committed transactions post 30 June 2024.
Treasury Responsibilities
Dexus takes an active and prudent approach to capital and risk management with Treasury responsible for:
- Liquidity management
- Debt capital management
- Financial risk management
- Banking, rating agency and debt investor relationships
Treasury operates within a well-established framework with policy setting, compliance, strategy and execution are subject to reviews, endorsements and approvals by the Board of Directors and Capital Markets Committee.
For further information regarding Corporate Governance, please click here
Funding and Liquidity
Dexus’s active and prudent approach to capital and risk management is supported by the following objectives:
- Maintaining a gearing range of between 30% - 40%
- Ensuring flexibility through diversification of funding sources
- Maintaining conservative weighted average debt duration
- Optimising the cost of capital
Credit Structure
Dexus's funding platform is predominantly unsecured. Each of Dexus's unsecured borrowing facilities is supported by guarantee arrangements. In addition, negative pledge provisions limit the amount and type of encumbrances that Dexus can hold over its assets and ensure all senior unsecured debt ranks pari passu.
Contact us
For more information on investing with Dexus, please contact us using the button below or call:
Retail investor enquiries: 1800 819 675
Institutional investor enquiries: +612 9017 1330
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