Australian landlord Dexus says net loss doubles and flags another weak year, shares plunge

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SYDNEY : Australia property giant Dexus said its annual net loss more than doubled and flagged lower-than expected figures for a key earnings metric next year, sending its shares tumbling.

"Investors are still selective and the buyer pool is still thin but it's a very different complexion to 12 months ago," he said.

FILE PHOTO: Workers are reflected in an office building's windows in Sydney's Barangaroo business district in Australia's largest city, May 8, 2017.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustralia

Topics: Expected Year Metric Loss Property Australia Annual Offices Cent Billion Dexus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 09:28:09 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22175398

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