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    DXS   AU000000DXS1

DEXUS

(DXS)
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Dexus to Fund, Develop Atlassian's Flagship Sydney Headquarters

07/19/2021 | 06:32pm EDT

By Stuart Condie

SYDNEY--Dexus said it will fund, develop and take a long-term equity interest in Atlassian Corp.'s flagship Sydney headquarters.

The ASX-listed real-estate group on Tuesday estimated that the project will cost 1.4 billion Australian dollars (US$1.03 billion). It expects construction to begin in early 2022 and to finish in early 2026.

Dexus said it will fund the development through debt facilities but may look for third-party capital as well. The development will have no impact on its FY 2022 adjusted funds from operations or distribution per security, it said.

Nasdaq-listed Atlassian will move its Sydney headquarters to the property on a 15-year lease, Dexus said.

Dexus said the 40-story, hybrid timber tower adjacent to Sydney's main rail hub is targeting Australia's highest energy-efficiency and sustainability ratings. It will also feature retail space and youth hostel accommodation.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

07-19-21 2032ET

Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED 0.76% 83.28 End-of-day quote.15.67%
ATLASSIAN CORPORATION PLC 1.35% 405.98 Delayed Quote.73.59%
DEXUS 0.84% 10.85 End-of-day quote.15.43%
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
NASDAQ COMP. 0.22% 14746.397621 Real-time Quote.16.73%
All news about DEXUS
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08/31DEXUS : Changes to Group Management Committee
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08/31Alison Harrop Announces Chief Financial Officer Changes
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08/31DGAP-ADHOC : Dexus Finance Pty Limited: Changes to Group Management Committee
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08/29DGAP-ADHOC : Dexus Finance Pty Limited: 30 June 2021 distribution payment
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08/18Dexus Reportedly to Sell $1.3 Billion of Towers
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08/16DGAP-ADHOC : Dexus Finance Pty Limited: 2021 Annual Results
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More news
Financials
Sales 2022 824 M 597 M 597 M
Net income 2022 695 M 503 M 503 M
Net Debt 2022 4 946 M 3 581 M 3 581 M
P/E ratio 2022 18,0x
Yield 2022 4,88%
Capitalization 11 670 M 8 433 M 8 449 M
EV / Sales 2022 20,2x
EV / Sales 2023 19,9x
Nbr of Employees 559
Free-Float 98,7%
Chart DEXUS
Duration : Period :
Dexus Technical Analysis Chart | DXS | AU000000DXS1 | MarketScreener
Technical analysis trends DEXUS
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 10,85 AUD
Average target price 11,14 AUD
Spread / Average Target 2,66%
EPS Revisions
Managers and Directors
Darren Joseph Steinberg Chief Executive Officer & Executive Director
Alison C Harrop Chief Financial Officer
Peter Studley General Manager-Research
Ross G. Du Vernet Chief Investment Officer
Renee Louise O'Connor Head-Administration
Sector and Competitors