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Dexus’ big move and the other result that caught our eye

Dexus gives itself more wriggle room, Reliance Worldwide gets investor hearts racing and Vicinity Centres goes further upmarket.

Key Points

The big result | New Dexus chief executive Ross Du Vernet made his first big move on Tuesday, announcing that the property giant had updated its dividend policy for the first time in about a decade.

Where the company previously paid a distribution in line with funds from operations (FFO), it will now pay between 80 per cent and 100 per cent of FFO.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/chanticleer-s-gems-and-trends-from-profit-season-s-super-tuesday-20240818-p5k3ac