Annual Report 2019

Securing opportunities. Adding value.

The 2019 financial year was an active one for Dexus, where we have leveraged our capabilities to secure opportunities with embedded value that will enhance returns for Dexus Security holders into the future.

Through our day-to-day operational focus on leasing, funds management, development management, customer and sustainability we have continued to create sustained value for our stakeholders.


FY19 highlights

Our focus on maintaining a leading position in the Australian property market has been achieved through the performance of our property portfolio, selective acquisitions with future value-add, growth in our funds management business and the delivery of trading profits, all contributing to our strong financial result.

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About Dexus

Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 26,000 investors from 19 countries.

Chair and CEO review

We entered the year with a clear strategy and readiness to respond to both market opportunities and challenges.

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Chair and CEO
Richard Sheppard
Darren Steinberg
Chief Executive Officer

How we create value

Our value creation roadmap outlines the process through which we create value across our key resources for our stakeholders and having regard to current megatrends and our identified material issues and key risks.

Key resources


Our financial resources are the pool of funds available to us for deployment, which includes debt and equity capital, as well as profits retained from our property management, development and trading activities.


We actively manage our property portfolio to enhance its potential, while unlocking further value by developing our properties to further enhance quality in their current use, or for higher and better uses.

People and capabilities

We are a passionate and agile team who want to make a difference. We focus on sustaining a high-performing workforce supported by an inclusive and diverse culture.

Customers and communities

Our capacity to create value depends on strong relationships with our customers, local communities and suppliers.


The efficient use of natural resources and sound management of environmental risks supports our creation of value through delivering cost efficiencies and operational resilience.

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Case studies

The following case studies demonstrate how we utilised our capabilities and people to drive performance across the group.

Remuneration report

We are pleased to present the remuneration report which focuses on our remuneration strategy and outcomes, in addition to our people and culture highlights for the financial year ending 30 June 2019.

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Notice of meeting

Dexus's 2019 Annual General Meeting will be held at 2.00pm (AEST) on Wednesday 30 October 2019 at Dexus Place, Level 15, Governor Macquarie Tower, 1 Farrer Place, Sydney.

How to get to the meeting

By train: the closest train station is Circular Quay. Exit Circular Quay Station onto Alfred Street. Walk east on Alfred Street and turn right onto Young Street. Cross Bridge Street and continue to Governor Macquarie Tower - view map.

By bus: for information about bus routes and timetables, call 131 500 or visit

Parking: car parks available nearby include; Wilson Parking, 43 Phillip Street or Secure Parking, 131 Macquarie Street

Accessibility: a ramp is available near the corner of Bent and Bligh Streets for disabled access. Accessible doors are on either side of the revolving doors.