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BRIEF-Dexus Property FY net profit $1.26 billion

Published 17/08/2016, 09:46 am
BRIEF-Dexus Property FY net profit $1.26 billion

Aug 17 (Reuters) - DEXUS Property Group DXS.AX :

* Appendix 4e and financial reports as at 30 June 2016 DXS.AX

* FY revenue from ordinary activities $ 865.5 million versus $858.9 million

* FY net profit after tax $1.26 billion versus $618.7 million

* FY funds from operations $610.8 million versus $544.5 million

* Distributions per security of 20.46 cps for the period ending 30 June

* Limited new supply & withdrawals expected to lead to a tightening in vacancy

for majority of east coast markets in FY 2017 and FY 2018

* Sees 3.0-3.5% growth in underlying FFO per security in FY 2017

* Revenue generated from property services activities including leasing and

development fees is expected to reduce in FY 2017

* Sees 2.5%-3.5% growth in distribution per security in FY 2017

* Source text for Eikon ID:nASX386t6W

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