Jefferies trims PT for Australia's Dexus on challenging fiscal 2027 outlook

Dexus

05/05/2026 20:37

** Jefferies trims price target for Australia's Dexus DXS.AX to A$6.07 from A$6.10 and maintains "hold" rating

** Revises FY26-FY28 earnings forecast for the real estate firm by ±1%, assuming no contribution from trading profits in FY27+

** Shares of co dropped 2.7% to A$6.09 in previous session after flagging that FY27 will be more "challenging year with an immaterial contribution from performance fees and trading profits"

** With no clear pathway to earnings recovery and APAC ruling still pending, we see better risk/reward elsewhere - Jefferies

** Citi says DXS faces several risks, most notably the earnings and asset value impact of higher interest rate costs and pressure on consumer

** Average rating of 10 analysts is "hold"; their median PT is A$6.91 – data compiled by LSEG

** Stock down 12.1% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))