Investor Presentaiton
Ways we create value
dexus
Leading market
coverage and
deal flow
Leveraging the
integrated
platform
Unlocking unique
and scarce
opportunities
Utilising data
and research
Navigating
complexity
Scale
transactions
Leading market coverage and deal flow
Case study: Opportunistic origination (DREP1)
Deals priced in the last year¹
Sourcing
> Screening
Due diligence
> Approval
Execution
Healthcare
Retail
Office
Industrial
equity
7%
17%
11%
In the last year, DREP1
sourced c.350 deals.
Dexus reputation and
relationships critical to
accessing opportunities
External sources include
developers, lenders,
advisers and brokers
In the last year, DREP1 priced
148 deals'.
Structured and disciplined
pricing. Factors include:
Sector
Asset quality
Location
Risk assessment
Investment terms
Leveraging the wider
platform to underwrite
valuation, development
and management
Detailed risk assessment,
and negotiation of terms.
and structure
Portfolio fit
Regulatory requirements
Due Diligence Committee
Investment Committee
Advisory Committee (as
required)
Special
situations
15%
dexus
Credit
14%
148 14%
Office:
credit
41%
148
Mixed
34%
use
12%
24%
10%
Residential land
Residential Development
Repositioning
DREP1 has secured 9
deals².
Deals secured to date²
Currently expected to
generate a levered IRR
of 15%+ in line with
target.
Healthcare
Special
situations.
Office
equity
8%
12%
Industrial
32%
9
Credit
38%
23%
9
23%
23%
Residential
Office credit
Development
27%
Repositioning
1. In the 12-month period to 30 September 2023.
50
2. As at October 2023 based on DREPI's first nine secured investments since Q4 2021. Calculation based on equity allocated to each investment at time of execution. Equity allocated to each investment is a projection only and subject to
change throughout the life of the transaction..
2023 Dexus Investor Day
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