Dexus (ASX:DXS) is a leading Australasian fully integrated real asset group, owning and managing a high-quality Australasian real estate and infrastructure portfolio valued at $57.1 billion.
We own and manage circa $11 billion of infrastructure investments with a strategic focus on Transport, Energy and Social Infrastructure across Australia and New Zealand including:
- Transport: Represent largest block stake in Melbourne Airport and majority of Reliance Rail Rolling Stock PPP
- Energy: Powerco, the largest electricity distributor in New Zealand and Macarthur Wind Farm, one of the largest wind farms in Australia
- Social Infrastructure: One of the largest private owner and manager of brownfield PPP assets in Australia – with over 20 PPP and social assets
Our established team of local infrastructure experts is supported by Dexus’s integrated platform and balance sheet, allowing us to invest alongside our investors and deliver performance with a long-term owner’s mindset.
Leveraging our platform-wide capabilities to source opportunities and provide strong returns for investors, our expertise spans key sectors of infrastructure, healthcare, industrial, retail and office, strengthened by a full-service offering from transactions and development through to finance, asset management, sustainability and research.
Recent highlights
- Dexus launched the Wholesale Airport Fund in June 2023 and successfully raised above target equity.
- The Dexus Community Infrastructure Fund (CommIF) and Dexus Core Infrastructure Fund (DCIF) acquired an interest in the consortium that manages and maintains the Royal Adelaide Hospital under a PPP.
- The Dexus Diversified Infrastructure Trust (DDIT) and CommIF acquired a newly developed 731 bed facility from the Australian National University in Canberra, bringing the total Dexus portfolio of on-campus beds to over 7,000 across leading Australian universities.
- At 30 June 2023, the Dexus Diversified Infrastructure Trust (DDIT) paid a 1.35% distribution and offered a dividend reinvestment plan which was taken up by 5.4% of investors.
- The strong airport passenger performance and demand for student accommodation during the June 2023 quarter continues to build and are positive signs for the performance outlook of Dexus’s infrastructure funds.
Your vision and beliefs
Vision: To be globally recognised as Australasia’s leading real asset investment manager.
Strategy: To deliver superior risk-adjusted returns for investors from high-quality real estate and infrastructure assets.
Our strategy will be delivered by pursuing two key strategic objectives:
- Generating resilient income streams by investing in assets that provide resilience through-the-cycle
- Being identified as investment manager of choice by expanding and diversifying the funds management business
Investment process and research
Dexus has infrastructure expertise investing across the risk spectrum through a number of funds with differing target returns. The Dexus infrastructure investment strategy focuses on the mid-market.
Investment opportunities are assessed against risk appetite and portfolio fit. Investment decisions consider Dexus’s existing sector experience, capability, and priority of the opportunity against competing projects. A due diligence process is undertaken on prospective investments, utilising advisor support and potential recruitment for ongoing asset management. Investment decisions are made based on clear and tangible analysis of competitive advantages against other bidders, such as sector expertise, partnerships or risk sharing. The investment process is overseen by the Dexus Infrastructure Investment Committee, which includes two external independent members.
Dexus has an internal research team which provides analysis to drive strategy and investment decisions. The team sources economic and industry data from best-in-class external sources, market intelligence from external consultants, real time data from Dexus’s portfolio, and on-the-ground feedback from internal teams. The team conducts a regular ‘house view’ to forecast market growth and performance. Projections are used in asset planning and support capital transaction decisions.
Compliance statement
This document is issued by Dexus Funds Management Limited (DXFM) in its capacity as responsible entity of Dexus (ASX code: DXS). It is not an offer of securities for subscription or sale and is not financial product advice. Information in this presentation including, without limitation, any forward-looking statements or opinions (the Information) may be subject to change without notice. To the extent permitted by law, DXFM and Dexus, and their officers, employees and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the Information and disclaim all responsibility and liability for it (including, without limitation, liability for negligence). Actual results may differ materially from those predicted or implied by any forward-looking statements for a range of reasons outside the control of the relevant parties. The information contained in this presentation should not be considered to be comprehensive or to comprise all the information which a Dexus security holder or potential investor may require in order to determine whether to deal in Dexus stapled securities or any Dexus fund. This presentation does not take into account the financial situation, investment objectives and particular needs of any particular person. The repayment and performance of an investment in Dexus or a Dexus fund is not guaranteed by DXFM or any of its related bodies corporate or any other person or organisation. This investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested.
