Dexus (DXS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the DEXIS HY26 results briefing. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Ross DuVernay, Group CEO and Managing Director. Please go ahead. Well, good morning, everyone, and thanks for joining us for our half-year 2026 results presentation. I'd like to begin today by acknowledging the traditional custodians of the lands and waterways upon which we operate and pay our respects to Elders past and present. Today you hear from Kiera on the financials, Andy on office, Chris on industrial and Michael on funds management. Concluding the presentation, I'll provide a summary and open up to any questions that you may have. Texas is a unique investment proposition in the Australasian real asset market. Today we manage $51 billion of assets across our platform, with third-party funds under management at 2.4 times our investment portfolio. We have scale and diversity across the real asset spectrum, $20 billion in office and around $10 billion in each industrial, retail and growth markets, which includes infrastructure, healthcare and alternatives. This scale is underpinned by our multi-disciplinary team with deep expertise across each sector. Importantly, we have access to diverse pools of equity capital, which positions us well to capitalise on opportunities through the cycle. Our strategy is unchanged and our vision to be globally recognised as Australasia's leading real asset manager continues to guide our decisions. The strategy targets large growing markets, leveraging our multi-sector strengths i...