Australia's Dexus hits near 8-month low on drop in portfolio valuation

Dexus

20/06/2024 01:49

** Shares of Dexus  DXS.AX  down as much as 1.8% to A$6.42,
their lowest since Oct. 31, 2023
    ** Co on track for its worst day since June 14, if current
losses hold
    ** The real estate firm says valuations of 170 of its 176
assets resulted in a total estimated decrease of A$1.3 billion 
($866.97 million) for the six months to June 30
    ** Stock has fallen 14.8% this year as of last close


($1 = 1.4995 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))