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Dexus

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

Dexus is an Australian Real Estate Investment Trust, with $22.2 billion of assets under management. Listed on the Australian Securities Exchange, Dexus manages and directly invests in high quality Australian office and industrial properties, and also actively manages office, industrial and retail properties across Australia on behalf of third party capital partners.

We are Australia’s preferred office partner with 1.8 million square metres of office space spanning across 58 office properties around Australia. Our office buildings are located where our customers need to be, covering the central business districts of Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.

Our scale provides us with the capacity and flexibility to find the ideal workspace solution for our customers in more than one location.  We also manage 73 industrial properties and 15 shopping centres nationally, increasing the opportunity for us to provide our customers with flexible workspace solutions.

The Group’s managed property portfolio of $22.2 billion as at 30 June 2016 includes:

  • $11.0 billion of owned property, with an additional $1.7 billion development pipeline; and
  • $11.2 billion of property managed for third party clients, with an additional $3.0 billion development pipeline

Recognising that commercial property and the environment are important, we take our responsibility seriously when it comes to environmental sustainability. 

Dexus’s 420 strong team of property professionals are located in offices in Sydney, Melbourne, Brisbane and Perth.

Our people and customer relationships are at the very heart of what we do.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

399.2 FTE

02.4. Additional information. [Optional]

Dexus manages a portfolio of office, industrial and retail properties located in core markets around Australia.

As at 30 June 2016 Dexus employed 399.2 FTE property professionals across the Group. The majority of Dexus property professionals are located in the Sydney head office, with the remainder located in the key investment markets. Dexus also employs retail management personnel to manage centres on behalf of the Group’s third party clients in regional centres on the east coast of Australia.

All relevant headcount data is taken from each year's headcount report as at 30 June 2016. Further details regarding Dexus’s employee mix can be found at: http://www.dexus.com/who-we-are/corporate-responsibility-and-sustainability/sustainability-performance/thriving-people


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Dexus does not have any subsidiaries.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

30/06/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

Dexus generates both rental income from its own properties and fees for undertaking leasing, property management and development on behalf of third party clients. In addition, Dexus has a trading trust that enables the development and repositioning of properties to enhance value and sell for a profit.

The Group’s managed property portfolio of $22.2 billion as at 30 June 2016 includes $11.0 billion of owned property and $11.2 billion of property managed for third party clients, with a $4.7 billion development pipeline across the Group.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property >50% 100 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Dexus makes all property-related investment decisions for its listed portfolio. Dexus also undertakes property-related investment decisions on behalf of third party clients. Dexus manages the physical property for the majority of its listed portfolio and third party clients. Dexus acts as a trusted advisor conducting extensive research regarding the suitability of properties, provides recommendations regarding buy-sell-hold decisions, as well as acting as an active property manager for its managed portfolio.

Dexus manages office, industrial and retail properties in Australia on behalf of its capital partners.

Dexus does not appoint external investment managers to manage funds on its behalf. Rather, Dexus partners with like-minded investors who value investment and property management expertise with best practice corporate governance principles.

The list below provides a break up of Dexus’s funds under management.

Asset Class / FUM (AUD$bn)

  • Listed office: AUD$9.2bn (41%)
  • Listed industrial: AUD$1.8bn (8%)
  • 3rd party portfolio office: AUD$5.7bn (26%)
  • 3rd party portfolio industrial: AUD$1.3bn (6%)
  • 3rd party portfolio retail: AUD$4.2bn (19%)

Total FUM : AUD$22.2 bn


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market (Private)


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