01 Jun 2020

FY20 distribution guidance update

1 June 2020

FY20 distribution guidance update

Dexus provides the following update in relation to its FY20 distribution guidance.

On 26 March 2020, in consideration of the evolving COVID-19 situation and uncertainty at the time, the Board of Directors of Dexus Funds Management Limited withdrew Dexus’s FY20 full year guidance for distribution per security growth and the detailed assumptions associated with this guidance.

As a result of the passage of time and further clarity regarding rental collections and cashflow, Dexus now provides FY20 full year guidance for distribution per security.

Barring unforeseen circumstances, Dexus expects an FY20 full year distribution per security amount that is consistent with FY19. The FY19 full year distribution per security amount was 50.2 cents.

Dexus maintains a strong balance sheet with 25.4% gearing and $1.7 billion of cash and committed undrawn bank facilities available at 30 April 2020.

Authorised by the Board of Dexus Funds Management Limited.

 

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