Should I buy Dexus stock in 2025?

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At HelloSafe, our expert has been tracking the Dexus share price for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Dexus.

What is Dexus?

How much is Dexus stock?

The price of Dexus stock is rising this week. As of now, Dexus is trading at $6.96 per share, showing a small decline of 0.29% over the past 24 hours but a gain of 1.75% this week. Market capitalisation stands at $7.49 billion, with an average daily volume of 3.65 million shares traded over the past three months. The stock’s forward P/E ratio is 11.57, its current dividend yield is a healthy 5.32%, and the beta of 0.78 suggests lower volatility compared to the overall market. With moderate price movement and reliable yields, Dexus offers a blend of defensive stability and attractive income potential for Australian investors.

Our full analysis of Dexus stock

After a rigorous review of Dexus’s latest financial results and the stock’s multi-year performance, we have combined comprehensive insights from financial indicators, technical signals, sector data, and peer comparisons, utilising proprietary algorithms. This holistic analysis surfaces both the resilience and drivers underpinning Dexus’s current trajectory. So, why might Dexus stock once again become a strategic entry point into the Australian real estate sector in 2025?

Recent performance and market context

Over the past year, Dexus shares have advanced by an impressive 8.92%, outpacing many peers in the Australian REIT space despite a moderately volatile environment. The stock is currently priced at $6.96 AUD—comfortably above the 6- and 12-month lows—reflecting renewed investor confidence following robust portfolio announcements and effective asset management strategies. Recent highlights include the confirmation of a 19 cent-per-share interim distribution and the completion of over $665 million in asset sales since mid-2024, which significantly reinforces balance sheet flexibility. The ongoing resilience of Dexus’s portfolio, notably with sector-best occupancy rates of 93.5% in office and 95.7% in industrial properties, underlines the company’s adaptiveness. Coupled with a “flight to quality” trend across Australian institutional capital, Dexus stands exceptionally well-positioned to benefit from the preference for prime real estate assets. With a market capitalisation of $7.49 billion and growing transaction volumes, market participants have every reason to view the underlying macro backdrop as strongly supportive.

Technical analysis

From a technical standpoint, Dexus has demonstrated encouraging signs of upward momentum. The Relative Strength Index (RSI) holds at 48.85, signalling a balanced, non-overbought condition and suggesting room for further gains. MACD, though marginally negative at -0.07, is poised for a possible reversal, while moving averages paint a constructive short-term picture: the 20-day moving average (at $6.75) provides a solid buying signal, with prices remaining above this threshold. The critical $6.57–$6.61 support band has reliably limited downside risk in recent months, and resistance at $6.75 is being repeatedly challenged, indicating bullish intent. Technical consensus, which incorporates six bullish and three bearish signals, now tilts increasingly positive, especially as the price consolidates above key medium-term levels.

Fundamental analysis

Dexus’s fundamentals are anchored in a robust operational model. The company’s trailing twelve months (TTM) revenue stands at $661 million, and while statutory net income briefly turned negative (reflecting prudent but non-cash asset revaluations), underlying cash generation remains strong. Adjusted Funds From Operations (AFFO) reached $251.8 million in 1H FY25, aligning with guidance and supporting continued distribution stability. With a forward P/E ratio of 11.57 and a dividend yield of 5.32%, Dexus trades at an attractive valuation, especially compared to domestic and global REITs with similar quality markers. Strategically, Dexus has built a multi-faceted growth engine: an A$2.5 billion development pipeline (with an industry-leading 71% already pre-leased), an effective asset recycling program worth $2 billion through FY27, and a fast-scaling funds management platform now overseeing $38.9 billion in assets. Structural advantages, including strong brand equity, market dominance in prime city locations, and a best-in-class ESG track record (top 5% in the S&P Global ESG Index), further augment the fundamental investment case.

Volume and liquidity

Sustained trading volume, averaging 3.65 million shares per day over the last three months, points to solid institutional interest and robust liquidity. Such turnover is indicative of a stock that enjoys both strong support from domestic superannuation and global funds and ensures tight bid-ask spreads that benefit investors seeking efficient entry and exit. The free float is ample—thanks in part to well-diversified ownership among leading international asset managers including State Street, BlackRock, and Vanguard—helping maintain valuation discipline and reducing the prospect of excessive volatility. This consistent liquidity is a potent marker of market confidence and a vital precondition for a dynamic repricing environment as positive triggers emerge.

Catalysts and positive outlook

Looking forward, multiple bullish catalysts converge for Dexus. Strategic asset sales have strengthened the balance sheet for future investments, while the landmark Atlassian Central development in Sydney underlines the company’s ongoing ability to deliver premium, in-demand spaces. Further, Dexus’s $2.5 billion development pipeline, with much already de-risked by pre-leasing, offers a clear roadmap for organic growth and rental uplifts. Funds management is another compelling growth lever: the business now manages nearly $39 billion in assets—expanding both fee streams and market influence. On the ESG front, Dexus’s recognition in the S&P Global ESG Index amplifies its appeal for institutional investors in a world increasingly defined by sustainability mandates. In addition, a proactive response to interest rate exposure—with 83% of debt hedged—shields against macro shocks and improves earnings predictability. With office and industrial occupancy rates at multi-year highs and the Australian economy showing resilience, Dexus is ideally positioned for continued performance upside.

Investment strategies

For tactical traders and long-term investors alike, several entry strategies appear compelling. Short-term investors may find Dexus especially attractive near the technical support band of $6.57–$6.61, where risk/reward profiles are enhanced. Medium-term participants can target breakouts above the $6.75 resistance, taking cues from robust volume surges and positive momentum from institutional flows. For strategic, long-term investors, the current price level—combined with a forward yield over 5% and the clear visibility of the project pipeline—seems to represent an excellent opportunity to gain exposure ahead of benchmark index inclusions or potential positive earnings surprises. Dexus also remains a logical core holding for those seeking defensive exposure to the property sector, diversification against equity market volatility, and reliable income streams.

Is it the right time to buy Dexus?

Synthesising all these dimensions, Dexus displays a rare blend of income stability, capital appreciation potential, and business resilience. High occupancy, progressive asset recycling, and value-creating developments underpin a consistently attractive risk/reward balance. The stock’s forward P/E of 11.57 and a yield of 5.32% offer investor-friendly entry points, especially in light of Australia’s ongoing “flight to quality” in real assets. Technical and fundamental signals align to suggest that Dexus may be entering a renewed bullish phase. With institutional support deepening and ESG credentials resonating with capital flows, the timing for a buy is as favourable as it has been in recent years. For those seeking quality, stability, and sustainable growth in the Australian property sector, Dexus certainly seems to represent a timely and strategic entry point that aligns both with current market sentiment and the long-term outlook.

How to buy Dexus stock in Australia?

Buying Dexus stock online is straightforward and secure through any regulated Australian broker. Investors can choose between two main options: buying Dexus shares outright (spot buying) or trading Contracts for Difference (CFDs), which allow speculation on price movements using leverage. Each method has different risk profiles and fee structures. For a detailed broker comparison—including fees and features—see the dedicated section further down the page.

Spot buying

A cash purchase of Dexus stock means acquiring actual shares through your ASX-licensed broker, making you a part-owner of the company. Typical transaction costs include a fixed commission per order, which in Australia is usually between $5 and $10 AUD.

Dexus Share Gain Scenario

If the Dexus share price is $6.96 AUD, you can buy around 143 shares with a $1,000 stake, including a brokerage fee of around $5.

✔️ Gain scenario: If the share price rises by 10%, your shares are now worth $1,100. Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading allows you to speculate on Dexus’s price movements without owning the underlying shares. This approach offers access to leverage, enabling greater market exposure with a smaller initial outlay. Main fees include the spread (buy/sell price difference) and possible overnight financing costs.

CFD Gain Scenario with Leverage

You open a CFD position on Dexus shares, with 5x leverage.

This gives you a market exposure of $5,000, based on a $1,000 initial stake.

Gain scenario:

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Always compare broker fees, execution quality, and account features before you invest in Dexus stock. Whether you choose traditional share ownership or CFDs will depend on your objectives, risk tolerance, and investment horizon. A comprehensive broker comparison is available below to help you make an informed choice.

7 tips for buying Dexus stock

The latest news about Dexus

Dexus announces a new semi-annual distribution of 18 cents per security for the period ending June 30, 2025. This latest payout confirms the REIT’s commitment to a steady and attractive yield, following the previous distribution of 19 cents and reinforcing confidence among Australian income-focused investors. The company’s dividend policy remains supported by robust adjusted funds from operations and continued resilience in its portfolio.

Dexus shares achieve a positive weekly performance, gaining 1.75% and trading steadily at $6.96 AUD. Despite short-term market volatility, investor appetite has been supported by ongoing asset recycling initiatives, which have enhanced balance sheet flexibility and provided strategic reinvestment capacity for core developments within prime Australian property markets.

Portfolio update in May 2025 highlights exceptional occupancy rates and sustained rent collection across key asset classes. Reporting office occupancy of 93.5% and industrial at 95.7%, Dexus continues to outperform sector averages. These figures reflect strong tenant demand and successful asset management practices, providing a stable earnings base and visibility for future distributions to shareholders.

Dexus’s development pipeline reaches $2.5 billion AUD, with 71% pre-leased and flagship projects driving growth. Milestones include the near-completion of Atlassian Central in Sydney and advancing industrial projects, ensuring that forward-looking revenue streams are locked in and keeping Dexus well-positioned as a leader in both office and industrial property segments nationwide.

Dexus maintains a leading ESG position, remaining in the top 5% of the S&P Global ESG index for real estate. This ESG recognition is increasingly influential for institutional and retail investors in Australia and globally. It highlights Dexus’s sustainability initiatives and responsible stewardship of assets, factors likely to strengthen long-term investor appeal and relative valuation.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.