Investor Presentaiton
Financial results
Change in net tangible assets and revaluations
Investment portfolio
Valuation
change
Weighted
% of
average
portfolio
$m
$m
$ps
cap rate
FUM
Opening net tangible assets¹ (1 July 21)
12,280.2
11.42
Dexus office portfolio
423
4.75%
72%
Revaluation of real estate
926.0
0.86
Dexus industrial portfolio
482
4.29%
23%
Retained earnings²
Amortisation of tenant incentives³
Fair value and other movements4
185.4
0.17
Total Dexus portfolio
9265
4.64%
100%
(152.6)
(0.14)
(32.4)
(0.03)
Closing net tangible assets¹ (30 June 22)
13,206.6
12.28
Net tangible assets exclude $117.4m (FY21: $76.6m) deferred tax liability relating to management rights.
Represents FY22 FFO less distributions.
1234
1.
2.
3.
Includes rent straight-lining.
4.
5.
Includes fair value movements of derivatives and interest-bearing liabilities, deferred tax and movement in reserves and other.
Valuation movement excludes co-investments in pooled funds and financial assets. Includes healthcare and other property revaluation
gain of $20.8m and excludes leased assets and right of use assets revaluation gain of $0.8m.
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Dexus 2022 Annual Results Presentation
dexus
17 August 2022View entire presentation