Dexus (DXS) - Net Assets

Latest as of June 2025: AU$9.91 Billion AUD

Based on the latest financial reports, Dexus (DXS) has net assets worth AU$9.91 Billion AUD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$15.39 Billion) and total liabilities (AU$5.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$9.91 Billion
% of Total Assets 64.42%
Annual Growth Rate 9.97%
5-Year Change -20.75%
10-Year Change 31.77%
Growth Volatility 36.5

Dexus - Net Assets Trend (2000–2025)

This chart illustrates how Dexus's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Dexus (2000–2025)

The table below shows the annual net assets of Dexus from 2000 to 2025.

Year Net Assets Change
2025-06-30 AU$9.91 Billion -2.48%
2024-06-30 AU$10.16 Billion -17.12%
2023-06-30 AU$12.26 Billion -9.60%
2022-06-30 AU$13.57 Billion +8.46%
2021-06-30 AU$12.51 Billion +3.54%
2020-06-30 AU$12.08 Billion +2.88%
2019-06-30 AU$11.74 Billion +16.88%
2018-06-30 AU$10.05 Billion +13.86%
2017-06-30 AU$8.82 Billion +17.30%
2016-06-30 AU$7.52 Billion +11.00%
2015-06-30 AU$6.78 Billion +11.96%
2014-06-30 AU$6.05 Billion +16.60%
2013-06-30 AU$5.19 Billion +3.68%
2012-06-30 AU$5.01 Billion -5.64%
2011-06-30 AU$5.31 Billion +6.00%
2010-06-30 AU$5.01 Billion -2.72%
2009-06-30 AU$5.15 Billion -11.81%
2008-06-30 AU$5.84 Billion +2.28%
2007-06-30 AU$5.70 Billion +20.98%
2006-06-30 AU$4.72 Billion +20.87%
2005-06-30 AU$3.90 Billion +20.75%
2004-06-30 AU$3.23 Billion +184.90%
2003-06-30 AU$1.13 Billion +5.90%
2002-06-30 AU$1.07 Billion +1.17%
2001-06-30 AU$1.06 Billion +14.83%
2000-06-30 AU$921.81 Million --

Equity Component Analysis

This analysis shows how different components contribute to Dexus's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 274270000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$2.74 Billion 27.71%
Common Stock AU$7.16 Billion 72.29%
Other Comprehensive Income AU$300.00K 0.00%
Total Equity AU$9.90 Billion 100.00%

Dexus Competitors by Market Cap

The table below lists competitors of Dexus ranked by their market capitalization.

Company Market Cap
Reynolds Consumer Products Inc
NASDAQ:REYN
 		$4.66 Billion
Astral Limited
NSE:ASTRAL
 		$4.66 Billion
Alior Bank S.A.
WAR:ALR
 		$4.66 Billion
Eldorado Resorts Inc
F:2ER
 		$4.66 Billion
Grand Canyon Education Inc
NASDAQ:LOPE
 		$4.66 Billion
TECO Electric & Machinery Co Ltd
TW:1504
 		$4.65 Billion
Icahn Enterprises LP
NASDAQ:IEP
 		$4.65 Billion
Circuit Fabology Microelectronics Equipment Co. Ltd. A
SHG:688630
 		$4.64 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Dexus's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 10,164,800,000 to 9,898,100,000, a change of -266,700,000 (-2.6%).
  • Net income of 156,500,000 contributed positively to equity growth.
  • Dividend payments of 433,600,000 reduced retained earnings.
  • Share repurchases of 15,800,000 reduced equity.
  • Other comprehensive income decreased equity by 34,200,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$156.50 Million +1.58%
Dividends Paid AU$433.60 Million -4.38%
Share Repurchases AU$15.80 Million -0.16%
Other Comprehensive Income AU$-34.20 Million -0.35%
Other Changes AU$60.40 Million +0.61%
Total Change AU$- -2.62%

Book Value vs Market Value Analysis

This analysis compares Dexus's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.66x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 1.56x to 0.66x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-06-30 AU$3.92 AU$6.12 x
2005-06-30 AU$4.39 AU$6.12 x
2006-06-30 AU$8.84 AU$6.12 x
2007-06-30 AU$10.54 AU$6.12 x
2008-06-30 AU$10.86 AU$6.12 x
2009-06-30 AU$8.00 AU$6.12 x
2010-06-30 AU$6.03 AU$6.12 x
2011-06-30 AU$6.33 AU$6.12 x
2012-06-30 AU$6.21 AU$6.12 x
2013-06-30 AU$6.44 AU$6.12 x
2014-06-30 AU$7.38 AU$6.12 x
2015-06-30 AU$7.40 AU$6.12 x
2016-06-30 AU$7.77 AU$6.12 x
2017-06-30 AU$9.11 AU$6.12 x
2018-06-30 AU$9.88 AU$6.12 x
2019-06-30 AU$11.33 AU$6.12 x
2020-06-30 AU$10.75 AU$6.12 x
2021-06-30 AU$11.24 AU$6.12 x
2022-06-30 AU$12.29 AU$6.12 x
2023-06-30 AU$11.40 AU$6.12 x
2024-06-30 AU$9.45 AU$6.12 x
2025-06-30 AU$9.22 AU$6.12 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Dexus utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 1.58%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.99%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 1.55x
  • Recent ROE (1.58%) is below the historical average (6.40%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 7.61% 61.20% 0.11x 1.18x AU$-22.03 Million
2001 7.44% 51.52% 0.11x 1.26x AU$-27.09 Million
2002 7.93% 58.60% 0.10x 1.32x AU$-22.20 Million
2003 7.73% 54.85% 0.10x 1.41x AU$-25.78 Million
2004 2.88% 52.54% 0.03x 2.05x AU$-224.97 Million
2005 -0.33% -2.34% 0.07x 1.98x AU$-365.26 Million
2006 23.56% 153.14% 0.08x 1.93x AU$581.58 Million
2007 22.19% 168.56% 0.07x 1.80x AU$642.14 Million
2008 7.79% 65.92% 0.07x 1.66x AU$-124.63 Million
2009 -29.54% -205.94% 0.08x 1.69x AU$-1.95 Billion
2010 0.65% 4.65% 0.09x 1.64x AU$-448.70 Million
2011 10.84% 87.91% 0.08x 1.57x AU$42.73 Million
2012 3.62% 27.70% 0.09x 1.47x AU$-319.66 Million
2013 9.91% 94.13% 0.07x 1.49x AU$-4.67 Million
2014 6.72% 53.63% 0.08x 1.61x AU$-198.73 Million
2015 9.13% 55.69% 0.11x 1.48x AU$-59.03 Million
2016 16.75% 90.50% 0.12x 1.57x AU$507.49 Million
2017 14.33% 91.91% 0.11x 1.39x AU$381.75 Million
2018 17.21% 125.41% 0.10x 1.40x AU$724.16 Million
2019 10.91% 96.23% 0.08x 1.41x AU$106.67 Million
2020 8.14% 98.89% 0.06x 1.46x AU$-225.12 Million
2021 9.10% 111.87% 0.06x 1.45x AU$-112.50 Million
2022 11.91% 187.22% 0.04x 1.42x AU$259.18 Million
2023 -6.14% -85.77% 0.05x 1.51x AU$-1.98 Billion
2024 -15.53% -179.24% 0.06x 1.56x AU$-2.60 Billion
2025 1.58% 16.99% 0.06x 1.55x AU$-833.31 Million

Industry Comparison

This section compares Dexus's net assets metrics with peer companies in the REIT - Office industry.

Industry Context

  • Industry: REIT - Office
  • Average net assets among peers: $1,095,911,000
  • Average return on equity (ROE) among peers: 0.36%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Dexus (DXS) AU$9.91 Billion 7.61% 0.55x $4.66 Billion
Australian Unity Office Fund (AOF) $371.49 Million -13.02% 0.49x $41.87 Million
Cromwell Property Group (CMW) $2.18 Billion 7.32% 0.69x $741.21 Million
Growthpoint Properties Australia (GOZ) $733.24 Million 6.77% 1.19x $1.17 Billion

About Dexus

AU:DXS Australia REIT - Office
Market Cap
$4.66 Billion
AU$6.58 Billion AUD
Market Cap Rank
#3648 Global
#78 in Australia
Share Price
AU$6.12
Change (1 day)
+0.49%
52-Week Range
AU$5.84 - AU$7.73
All Time High
AU$10.48
Categories
Companies in Australia REIT - Office
About

Dexus is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $50.1 billion. The Dexus Platform includes the Dexus listed portfolio and the funds management business. The $14.5 billion listed portfolio includes direct and indirect ownership of office, industrial, retail, healthcare, infrastructure, altern… Read more