Ann: DEXUS Property Group Half Year Results for 3, page-2

re: Ann: DEXUS Property Group Half Year Resul... DEXUS Property Group?s distribution for the half year has decreased 30.3% to 2.65 cents per security
primarily as a result of the dilutive impact of equity raisings completed in the December 2008 and
May 2009. Total assets decreased 18.2% over the period to $7.8 billion at 31 December 2009. Net
tangible assets per security decreased 28.6% to $0.95 per security. Gearing was 31.9% at 31
December 2009.
Specific movements in the Statement of Comprehensive Income for the half year ended 31
Results summary
Distribbution/security down from 3.8c to 2.65c, down 30%
December 2009 were:
�� Revenue from ordinary activities was $367 million (2008: $373 million), down 1.7% primarily as a
result of:
? Currency impact in respect of international assets
? Decrease in income from the underlying North American property portfolio
? Decrease in income due to asset sales
? Decrease in management company revenue primarily as a result of a decrease in property
values in third party funds management
offset by:
? Acquisition of Whirlpool assets, Columbus (July 2009), Seattle (October 2009), Atlanta
(November 2009)
? Increase in income from the underlying domestic property portfolio