Dexus cuts valuations: ASX 0.22% lower at noon
21 Jun 2023 – Office and industrial property group, Dexus (ASX:DXS), has reduced the book value of its office and industrial properties by approximately $1 billion (6% reduction) due to higher capitalization rates and discount rates as indicated by an independent expert’s report. Despite rental growth offsetting some impact, the office portfolio decreased by about 7.7%, while the industrial portfolio decreased by about 0.2% on prior book values.
Read More
