News: DXS Dexus Property FY net profit $1.26 billion

Aug 17 (Reuters) - DEXUS Property Group (DXS) :

• Appendix 4e and financial reports as at 30 June 2016 (DXS)
• FY revenue from ordinary activities $ 865.5 million versus $858.9 million
• FY net profit after tax $1.26 billion versus $618.7 million
• FY funds from operations $610.8 million versus $544.5 million
• Distributions per security of 20.46 cps for the period ending 30 June
• Limited new supply & withdrawals expected to lead to a tightening in vacancy

  for majority of east coast markets in FY 2017 and FY 2018

• Sees 3.0-3.5% growth in underlying FFO per security in FY 2017
• Revenue generated from property services activities including leasing and

  development fees is expected to reduce in FY 2017

• Sees 2.5%-3.5% growth in distribution per security in FY 2017