Dexus shares in Australia hit 12-year low after airport stake ruling

Dexus

02/06/2026 06:06

** Dexus DXS.AX falls as much as 3.4% to A$5.35, their lowest level since mid-April 2012
** Co faces compulsory process to offer its 27% stake in Melbourne and Launceston airports to existing shareholders, DXS said on Friday  
** Stock currently down 2.6% at A$5.39, on track for its eighth straight day of losses  
** UBS says even interests held by parties not looking to sell must now be offered for sale to the other Australia Pacific Airports Corp shareholders
** Notes company may appeal decision, likely extending uncertainty around the outcome and timing
** Flags broader strategic and reputational risks, with infrastructure FUM potentially falling to near immaterial levels
** Warns fallout could spill over to core real estate funds management business
** DXS down 22.22% this year, including the day's move

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.nair@thomsonreuters.com))