Dexus
DXS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$79.20 | Ljjfn | Lvwrjcyqt |
Dexus: Office Conditions to Slowly Recover; Attractive Yield Rewards Investor Patience
Office conditions will likely remain tough for several years given the weight of arriving supply, and mediocre demand, but narrow-moat Dexus securities price in more than enough bad news to look undervalued. Dexus pays a fiscal 2024 yield of roughly 7% against a 10-year bond yield of roughly 4.5%, which looks attractive while investors wait for recovery.