Investor Presentaiton

dexus Well positioned to drive growth by tilting focus towards tailwinds... dexus Near term focus area Themes Opportunistic real estate ✔ Opportunities arising out of temporary market dislocation across the capital stack Capital scarcity Residential undersupply Real estate HHT Industrial ✓ E-commerce Ability to develop rapidly and at scale Population growth Healthcare III Social/Living Population growth Ageing population and longer life expectancy Non-discretionary characteristics Large markets with supply shortages and affordability challenges Significant government commitments with funding pressure Infrastructure Transport Investors re-weighting portfolios Significant capex programs at properties and airports provide transaction pathways Energy Transition Significant investment required by 2050 to enable transition Increasing investor expectations Opportunity to scale DREP Series Dexus product New product opportunities 36 Dexus Australian Logistics Trust Dexus Industrial Trust Australia New product opportunities Dexus Healthcare Property Fund Dexus Wholesale Property Fund Dexus Diversified Infrastructure Trust Dexus Community Infrastructure Fund New product opportunities Dexus Diversified Infrastructure Trust Dexus Core Infrastructure Fund New product opportunities Dexus Diversified Infrastructure Trust Dexus Core Infrastructure Fund New product opportunities Market-leading opportunity sourcing matched with broad capital raising capability dexus ...and growth sectors with investor appetite Healthcare ($1.3bn FUM; 3% of total third-party FUM) Ageing population, longer life expectancy and chronic disease more prevalent Long term CPI linked income streams (10-30 years) with strong tenant covenants Supportive regulatory environment (private and public) Industrial ($8.0bn FUM; 18% of total third-party FUM) Forecast growth in online retail penetration from 14% to 17% in 2026 Record low market vacancy rates continue to support strong rental growth Strong population growth to provide support for retail sales Opportunistic and credit ($0.4bn FUM; 1% of total third-party FUM) Unique opportunities not accessible at scale by majority of investors Market conditions and rate hikes causing temporary dislocation Opportunity for private credit to fill gap left by major banks 37 Large investible market Specialty Centres / Hospitals 10% Aged care 8% 16% 28% 6% Primary 10% Healthcare 4% -$130bn investible market 2% 0% 21% 25% Private Hospitals Public Hospitals Source: JLL, MSCI, CBRE, Dexus Research. 1. Excluding Public Hospitals. 2. Stamford Capital Australia Real Estate Debt Capital Markets Survey 2023. Record low vacancy rates 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 -Sydney -Perth -Melbourne. -Adelaide -Brisbane Decline in bank lending expected² Increase 13% Decrease 52% 35% Maintain 2023 Dexus Investor Day 21

View entire presentation