Investor Presentaiton
Dexus Healthcare Property Fund (DHPF)
Access to compelling demographic
demand drivers backed by defensive sector characteristics
$1.3bn
Third-party
funds under
management
11 assets
High-quality
healthcare
+
63
> Invests in assets with
exceptional long-term
potential underpinned by
health needs of an aging
demographic
> Successfully raised $220m
of new equity, with existing
investors accounting for
-65% of new capital
> Defensive characteristics
with long lease terms and
non-discretionary demand
profile
› Capitalise on sector
tailwinds through a
high-quality portfolio
› Security of income with a
weighted average lease
expiry of 18.2 years
Overnight
private
hospital
Portfolio snapshot
As at 30 June 2023
30%
33%
$1.3bn
25%
Specialist hospital
/ Mixed use medical
Ancillary - Life
science
2%
5%
Ancillary - other
5% Public hospital (PPP)
Primary
Note: All figures as at 30 June 2023 unless otherwise stated.
1. Fund return (post-fees) includes base management fees of 0.50% of total tangible
assets up to $2.5 billion, then 0.45% of the amount per annum by which total tangible
assets of the Fund exceed $2.5 billion.
dexus
Clean energy policy
Sets ambitious design targets
for the fund
dexus
5-year fund performance
DHPF to 30 June 2023, post fees¹
13%
Fund return
Dexus Wholesale Shopping Centre Fund (DWSF)
Core holding of super regional shopping centre assets across
AUS and NZ
$3.2bn¹
Third-party
funds under
management
11 assets
High-quality
retail
dexus
96.7%
occupancy
Strong portfolio occupancy
By area
64
> Maintain core holding of
super and major regional
centres, supported by
assets that provide value-
add opportunities
> Enhance returns through
active asset, capital and
development management
› Assets located in densely
populated locations, with
future redevelopment and
mixed-use potential
> Emphasis on low volatility,
underpinned by a diverse
and robust income stream
> High tenant retention and
occupancy rates (96.7% by
area)
› Gearing of 20.7% with a
conservative target
gearing range of 15-25%
Portfolio overview by location
As at 30 June 2023
VIC
21%
Portfolio overview by type stor
As at 30 June 2023
NSW 46%
$3.2bn
$3.2bn¹
12% QLD
Super 55%
regional
6%
10%
WA
5%
NZ SA
32%
Regional
Sub-Regional
6% 6%
Neighbourhood
Note: All figures as at 30 June 2023 unless otherwise stated.
1. Portfolio size in direct property on a GAV basis.
2023 Dexus Investor Day 39View entire presentation