September 2022 quarter update

26 October 2022

September 2022 quarter update – maintained high occupancy and rent collections

Dexus provides its update for the quarter ended 30 September 2022, with continued progress made against its strategic objectives of generating sustainable income streams and being the real estate investment partner of choice.

Darren Steinberg, Dexus CEO said: “During the period, we continued to work towards the completion of the acquisition of AMP Limited’s real estate and domestic infrastructure equity business. This transaction positions Dexus as a leading real asset manager and delivers on our strategic objectives of being the real estate investment partner of choice and generating resilient income streams.

“Our industrial and office portfolios maintained high occupancy, with significant leasing volumes achieved across the portfolio.”

Highlights

• Rent collections remained strong at 98.6% for the September quarter
• Completed 113 leasing transactions across the Dexus office portfolio (44,785 square metres leased) and Dexus industrial portfolio (130,499 square metres leased), and maintained high occupancy of 95.6% and 97.7% respectively
• Continued progress at city-shaping developments including commencing construction on Atlassian Central and receiving Development Approval for Central Place Sydney
  Recognised as a global leader by the Global Real Estate Sustainability Benchmark (GRESB) in the 2022 Real Estate Assessment, and awarded leading scores by Principles for Responsible Investment (PRI)
• Transacted approximately $900 million in properties across the group, predominantly divestments

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