Throughout this report we detail the key resources and relationships we rely on to create value now and into the future.
We delivered strong results in FY19 delivering across all key resources and creating value for all of our stakeholders.
Maintaining strong financial performance by delivering on our strategy
Growth in distribution per security
FY18: 5.1% growth
Growth in AFFO per security
FY18: 5.1% growth
Return on Contributed Equity
Our strategy is underpinned by our business activities of developing, managing and transacting properties
Gross Value Added to the Australian economy from developments completed in FY19 and currently underway
Construction jobs supported from developments completed in FY19 and currently underway
Attracting, retaining and developing an engaged workforce that delivers on our strategy
Employee Net Promoter Score
Females in senior and executive management roles
Progressing the 2021 target of a minimum of 40%
Supporting the success of our customers, the wellbeing of building occupants, the strength of our local communities and the capabilities of our suppliers
Customer Net Promoter Score
Community contribution value
Advancing the efficiency and resilience of our portfolio to minimise its environmental footprint and mitigate climate risk
Contracted renewable energy to power 50% of the base building load for over 40 properties across our NSW group portfolio
Rated 5 star NABERS Energy or above across our group office portfolio (1m sqm target by 2020)
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.
With 35 years of expertise in property, investment, development and asset management, we have a proven track record in managing capital and risk to deliver superior risk-adjusted returns for our investors.
Our purpose is an affirmation of our reason for being in business and supports our strategy and business model. It is the driving force behind our brand and desired culture.
We are a passionate and agile team who want to make a difference
We create spaces where people thrive
We are here to create value for:
Openness and trust
We entered the year with a clear strategy and readiness to respond to both market opportunities and challenges.
Our focus on maintaining a leading position in the Australian property market has been achieved through delivering strong financial results underpinned by the performance of our portfolio, selective acquisitions where we could add value, growth in our funds management business and the delivery of trading profits.
We are focused on creating sustained value and making decisions that future-proof the business.”
This year we have adopted elements of integrated reporting to enhance the way we report to our investors and demonstrate our focus on long-term value creation. We also defined our organisational purpose, which reinforces our reason for being in business. It is a key anchor for employee engagement and attracting talent, and will align our decision making to values and principles beyond financial outcomes.
Our future focus outline key areas of focus aligned to our key resources over the year to 30 June 2020.
Deliver circa 5% growth in distribution per security for FY20
Extend Weighted Average Lease Expiry (WALE) and maximise AFFO across the property portfolio
Maintain a strong balance sheet and further diversify debt
Maintain Dexus office portfolio occupancy at or above 95%
Create city retail precincts that improve the amenity and vibrancy of our CBDs
Contribute to economic growth through the generation of employment and contribution to GVA from development projects
Maintain an employee Net Promoter Score at or above +40
Place internal candidates in more than 20% of available roles
Achieve 40:40:20 gender mix in senior and executive management roles by FY21 (40% female, 40% male, 20% any gender)
Maintain a customer Net Promoter Score at or above +40
Strengthen customer communities through a program of activations within the foyers of our office properties
Implement a new workplace consulting offer to help our customers to leverage their premises for business success
Support the communities in which we operate through contributions valued at more than $1,000,000
Implement the Property Council of Australia’s modern slavery due diligence tool and target engagement on modern slavery with at least 100 suppliers
Deliver 1,000,000 square metres to a minimum 5 star NABERS Energy rating and 4 star NABERS Water rating across the group’s office portfolio by 2020
Establish new 2025 energy and emissions reduction targets as part of our pathway to net zero emissions by 2030
Consistently demonstrate a resource recovery rate of 80% by 2020 from de-fitting vacated space, actively identifying resources for re-use and increasing waste diversion from landfill