Investor Presentaiton
COVID-19 impacts
Rent collections of 98.5% for FY22
FY22 rent collections
> Strong cash collections in line with pre-covid levels across the total portfolio
> Rent relief assessment nearing finalisation
FY22 direct COVID-19 AFFO impacts²
Direct COVID-19
AFFO impacts²
Office
Industrial
Total
dexus
Rent collections¹
Office
Industrial
Total
Total FY22
98.5%
98.5%
98.5%
Total July-22
96.5%
94.4%
96.1%
FY22
total
FY21
total
FY22 Est.
rent waivers
FY21 Est.
rent waivers
FY22
provisions³
FY21
Provisions
-$5.9m
-$18.6m
-$11.6m4
-$4.6m
$5.7m
-$14.0m
-$1.4m
$1.6m
-$1.4m5
$2.1m
-$0.5m
-$7.3m
-$17.0m
-$13.0m
-$2.5m
$5.7m
-$14.5m
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1.
Dexus share.
2.
3.
4.
5.
Estimated rent waivers and provisions for the 12 months to 30 June 2022. In addition, rent deferrals of $2.8m, which do not directly impact FFO or AFFO, have been agreed or estimated during FY22.
Including the reversal of $5.7m in provisions recognized in FY21 which were subsequently released in FY22
Cumulative rent waivers within AFFO as at 30 June 2022 is $31.2m, of which $11.6m was recognised in FY22.
Cumulative rent waivers within AFFO as at 30 June 2022 is $3.5m, of which $1.4m was recognised in FY22.
6.
The FY22 statutory impact is -$7.1m. The difference between the statutory impact and AFFO impact of -$0.2m relates to a FY22 adjustment for actual and estimated rent waivers for tenants that were not in arrears.
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Dexus 2022 Annual Results Presentation
17 August 2022View entire presentation