March 2023 quarter update

2 May 2023

March 2023 quarter update – Resilient high occupancy maintained

Dexus provides its update for the quarter ended 31 March 2023, continuing to demonstrate resilience with milestones achieved across its funds management business and high occupancy maintained across its office and industrial portfolios.

Darren Steinberg, Dexus CEO said: “During the quarter we achieved First Completion of the Collimate Capital real estate and domestic infrastructure equity business acquisition. As a result, we now manage circa $44.5 billion of external funds across both infrastructure and real estate.”

Highlights

• Achieved First Completion of the acquisition of Collimate Capital’s real estate and domestic infrastructure equity business
• Completed 81 leasing transactions and maintained high occupancy across the Dexus office portfolio of 95.4% and Dexus industrial portfolio of 97.8%
• Rent collections remained strong at 99.3%
• Completed circa $400 million of debt extensions, reducing debt maturities by the end of FY24 to below $400 million
• Secured a new customer at Waterfront Brisbane, taking the total committed space to 52% in the North Tower
• Dexus was ranked within the top 20 global organisations by Equileap as part of its 2023 Global Report on Gender Equality