Australia's Dexus eyes worst day in 8 months on sale of three assets

Dexus

27/06/2024 02:39

** Shares of Dexus  DXS.AX  fall as much as 4.1% to A$6.480,
their biggest intraday loss since Oct. 25, 2023
    ** Real estate firm sells three assets for combined proceeds
of A$383.2 mln ($254.60 mln)
    ** Assets include Dexus Office Partnership's 50% interest in
5 Martin Place in Sydney for A$296.2 mln 
    ** Co last week flagged a 9% decline in portfolio valuations
for six-months till June-end
    ** Says sale proceeds will initially be used to repay debt
    ** Stock down 12% this year as of last close 
   


($1 = 1.5051 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))