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Dexus

PRI reporting framework 2018

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

% of assets under management (AUM) in ranges

Further options for investment managers (may be selected in addition to the above)

01.3. Additional information. [Optional]

Dexus is one of Australia’s leading real estate groups, proudly managing a high quality Australian property portfolio valued at $24.9 billion.

Dexus believes that the strength and quality of its relationships will always be central to Dexus’s success. Dexus is deeply committed to working with its customers to provide spaces that engage and inspire.

Dexus invests only in Australia and directly owns $12.2 billion of office and industrial properties.

Dexus manages a further $12.7 billion of office, retail, industrial and healthcare properties for third party clients. The Group’s $4.3 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns.

With 1.8 million square metres of office workspace across 54 properties, Dexus is focused on being Australia’s preferred office partner. Dexus’s portfolio also includes 73 industrial properties and 16 shopping centres under management across Australia.

Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by 28,000 investors from 20 countries. With more than 30 years of expertise in property, investment, development and asset management, Dexus has a proven track record in providing service excellence to its customers, capital and risk management and delivering superior risk adjusted returns for Dexus’s investors.


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).

404.7 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 2017 Dexus employed 404.7 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 and major cities across Australia.

All relevant headcount data is taken from each year's headcount report as at 30 June. 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.

30/06/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

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

04.5. Additional information. [Optional]

Dexus generates both rental income from its properties and fees for undertaking funds management, 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 $24.9 billion as at 30 June 2017 includes $12.2 billion of owned property and $12.7 billion of property managed for third party clients, with a $4.3 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. Select 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 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$10.2bn (41%)
  • Listed industrial: AUD$2.0bn (8%)
  • 3rd party portfolio office: AUD$6.5bn (26%)
  • 3rd party portfolio industrial: AUD$1.4bn (5.6%)
  • 3rd party portfolio retail: AUD$4.7bn (19%)
  • 3rd party portfolio healthcare: AUD$0.1bn (0.4%)

Total FUM: AUD$24.9bn


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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