DEXUS
Dexus is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $51.5 billion. The Dexus Platform includes the Dexus listed portfolio and the funds management business. The $15.3 billion listed portfolio includes direct and indirect ownership of office, industrial, retail, healthcare, infrastructure, altern… Read more
DEXUS (DEXSF) - Net Assets
Latest net assets as of December 2025: $10.04 Billion USD
Based on the latest financial reports, DEXUS (DEXSF) has net assets worth $10.04 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.30 Billion) and total liabilities ($5.26 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 | $10.04 Billion |
| % of Total Assets | 65.63% |
| Annual Growth Rate | 5.48% |
| 5-Year Change | -20.75% |
| 10-Year Change | 31.77% |
| Growth Volatility | 11.05 |
DEXUS - Net Assets Trend (2004–2025)
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 (2004–2025)
The table below shows the annual net assets of DEXUS from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $9.91 Billion | -2.48% |
| 2024-06-30 | $10.16 Billion | -17.12% |
| 2023-06-30 | $12.26 Billion | -9.60% |
| 2022-06-30 | $13.57 Billion | +8.46% |
| 2021-06-30 | $12.51 Billion | +3.54% |
| 2020-06-30 | $12.08 Billion | +2.88% |
| 2019-06-30 | $11.74 Billion | +16.88% |
| 2018-06-30 | $10.05 Billion | +13.86% |
| 2017-06-30 | $8.82 Billion | +17.30% |
| 2016-06-30 | $7.52 Billion | +11.00% |
| 2015-06-30 | $6.78 Billion | +11.96% |
| 2014-06-30 | $6.05 Billion | +16.60% |
| 2013-06-30 | $5.19 Billion | +3.68% |
| 2012-06-30 | $5.01 Billion | -5.64% |
| 2011-06-30 | $5.31 Billion | +6.00% |
| 2010-06-30 | $5.01 Billion | -2.72% |
| 2009-06-30 | $5.15 Billion | -11.81% |
| 2008-06-30 | $5.84 Billion | +2.28% |
| 2007-06-30 | $5.70 Billion | +20.98% |
| 2006-06-30 | $4.72 Billion | +20.87% |
| 2005-06-30 | $3.90 Billion | +20.75% |
| 2004-06-30 | $3.23 Billion | -- |
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 | $2.74 Billion | 27.71% |
| Common Stock | $7.16 Billion | 72.29% |
| Other Comprehensive Income | $300.00K | 0.00% |
| Total Equity | $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 |
|---|---|
|
Etsy, Inc.
NYSE:ETSY
|
$4.64 Billion |
|
Brunswick Corporation
NYSE:BC
|
$4.64 Billion |
|
Banco de Credito e Inversiones
SN:BCI
|
$4.64 Billion |
|
Fortis Healthcare Limited
NSE:FORTIS
|
$4.64 Billion |
|
Charter Hall Group
PINK:CTOUF
|
$4.63 Billion |
|
Silicon Motion Technology
NASDAQ:SIMO
|
$4.63 Billion |
|
Compass Inc
NYSE:COMP
|
$4.63 Billion |
|
Ramsay Health Care Ltd
AU:RHC
|
$4.63 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.
- Other comprehensive income decreased equity by 13,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $156.50 Million | +1.58% |
| Dividends Paid | $433.60 Million | -4.38% |
| Other Comprehensive Income | $-13.50 Million | -0.14% |
| Other Changes | $23.90 Million | +0.24% |
| Total Change | $- | -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: 0.49x
- 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 1.16x to 0.49x 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 | $3.92 | $4.55 | x |
| 2005-06-30 | $4.39 | $4.55 | x |
| 2006-06-30 | $5.32 | $4.55 | x |
| 2007-06-30 | $6.53 | $4.55 | x |
| 2008-06-30 | $6.98 | $4.55 | x |
| 2009-06-30 | $6.13 | $4.55 | x |
| 2010-06-30 | $5.96 | $4.55 | x |
| 2011-06-30 | $6.33 | $4.55 | x |
| 2012-06-30 | $6.21 | $4.55 | x |
| 2013-06-30 | $6.44 | $4.55 | x |
| 2014-06-30 | $7.38 | $4.55 | x |
| 2015-06-30 | $7.40 | $4.55 | x |
| 2016-06-30 | $7.77 | $4.55 | x |
| 2017-06-30 | $9.11 | $4.55 | x |
| 2018-06-30 | $9.88 | $4.55 | x |
| 2019-06-30 | $11.33 | $4.55 | x |
| 2020-06-30 | $10.75 | $4.55 | x |
| 2021-06-30 | $11.24 | $4.55 | x |
| 2022-06-30 | $12.29 | $4.55 | x |
| 2023-06-30 | $11.40 | $4.55 | x |
| 2024-06-30 | $9.45 | $4.55 | x |
| 2025-06-30 | $9.22 | $4.55 | 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 (6.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -0.33% | -2.34% | 0.07x | 1.98x | $-365.26 Million |
| 2006 | 23.56% | 153.14% | 0.08x | 1.93x | $581.58 Million |
| 2007 | 22.19% | 168.56% | 0.07x | 1.80x | $642.14 Million |
| 2008 | 7.79% | 65.92% | 0.07x | 1.66x | $-124.63 Million |
| 2009 | -29.54% | -205.94% | 0.08x | 1.69x | $-1.95 Billion |
| 2010 | 0.65% | 4.65% | 0.09x | 1.64x | $-448.70 Million |
| 2011 | 10.84% | 87.91% | 0.08x | 1.57x | $42.73 Million |
| 2012 | 3.62% | 27.70% | 0.09x | 1.47x | $-319.66 Million |
| 2013 | 9.91% | 94.13% | 0.07x | 1.49x | $-4.67 Million |
| 2014 | 6.72% | 53.63% | 0.08x | 1.61x | $-198.73 Million |
| 2015 | 9.13% | 55.69% | 0.11x | 1.48x | $-59.03 Million |
| 2016 | 16.75% | 90.50% | 0.12x | 1.57x | $507.49 Million |
| 2017 | 14.33% | 91.91% | 0.11x | 1.39x | $381.75 Million |
| 2018 | 17.21% | 125.41% | 0.10x | 1.40x | $724.16 Million |
| 2019 | 10.91% | 96.23% | 0.08x | 1.41x | $106.67 Million |
| 2020 | 8.14% | 98.89% | 0.06x | 1.46x | $-225.12 Million |
| 2021 | 9.10% | 111.87% | 0.06x | 1.45x | $-112.50 Million |
| 2022 | 11.91% | 187.22% | 0.04x | 1.42x | $259.18 Million |
| 2023 | -6.14% | -85.77% | 0.05x | 1.51x | $-1.98 Billion |
| 2024 | -15.53% | -179.24% | 0.06x | 1.56x | $-2.60 Billion |
| 2025 | 1.58% | 16.99% | 0.06x | 1.55x | $-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: $1,287,555,700
- Average return on equity (ROE) among peers: 2.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DEXUS (DEXSF) | $10.04 Billion | -0.33% | 0.52x | $4.64 Billion |
| Allied Properties Real Estate Investment Trust (APYRF) | $215.70 Million | 3.58% | 1.33x | $973.59 Million |
| Alexandria Real Estate Equities Inc (ARE) | $1.58 Billion | 5.93% | 1.94x | $7.61 Billion |
| Brandywine Realty Trust (BDN) | $1.69 Billion | 2.03% | 1.41x | $496.31 Million |
| BTB Real Estate Investment Trust (BTBIF) | $248.95 Million | 11.32% | 2.06x | $199.14 Million |
| Boston Properties Inc (BXP) | $3.00 Billion | 14.79% | 1.81x | $7.87 Billion |
| COPT Defense Properties (CDP) | $1.68 Billion | 4.55% | 1.53x | $3.58 Billion |
| City Office (CIO) | $772.63 Million | -0.35% | 0.96x | $2.76 Million |
| CLS Holdings plc (CLIHF) | $929.20 Million | -26.88% | 1.33x | $263.93 Million |
| Creative Media & Community Trust Corporation (CMCT) | $42.90 Million | 0.00% | 0.01x | $114.98K |
| Cromwell Property Group (CMWCF) | $2.71 Billion | 9.71% | 0.86x | $445.64 Million |