Dexus : Upgrade to FY21 guidance

Dexus (ASX: DXS)

ASX release

31 May 2021

Upgrade to FY21 guidance

Dexus announces that the Board of Dexus Funds Management Limited has upgraded its guidance1 for the 12 months ending 30 June 2021 (FY21) to deliver distribution per security growth of circa 3%.

Dexus's previous guidance was to deliver an FY21 full year distribution per security amount that was consistent with FY20 (50.3 cents).

Darren Steinberg, Dexus CEO said: "Today's upgrade is a result of better-than-expected outcomes across the underlying property portfolio, as well as delayed settlements for asset sales and other initiatives across the business."

Dexus will announce its FY21 full year results on Tuesday 17 August 2021.

Authorised by the Board of Dexus Funds Management Limited

For further information please contact:
Investors	Media
Rowena Causley	Louise Murray
Senior Manager, Investor Relations	Senior Manager, Corporate Communications
[phone]	[phone]
[phone]	[phone]
[e-mail]	[e-mail]

About Dexus

Dexus is one of Australia's leading real estate groups, managing a high-quality Australian property portfolio valued at $36.5 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.5 billion of office, industrial and healthcare properties. We manage a further $21.0 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.5 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk- adjusted returns for investors. www.dexus.com

Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000

1 Barring unforeseen circumstances.