Australia's Dexus flags 9% decrease in portfolio valuation
20/06/2024 24:46
June 20 (Reuters) - Australian real estate firm Dexus
DXS.AX said on Thursday the book value of its portfolio
declined by 9.0% for the six months to June according to a draft
external independent valuation.
The company said valuations of 170 of its 176 assets
resulted in a total estimated decrease of A$1.3 billion
($867.36 million) for the six months to June 30.
($1 = 1.4988 Australian dollars)
(Reporting by John Biju in Bengaluru; Editing by Kim Coghill)
((John.Biju@thomsonreuters.com;))
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