Dexus (ASX:DXS) reported Tuesday that its funds from operations (FFO) per security in the fiscal first half fell to AU$0.314, compared with the prior year's AU$0.339.
Analysts polled by Visible Alpha were expecting FFO of AU$0.3156 per security.
The company returned to diluted earnings per share of AU$0.0096, compared with a loss per share of AU$0.555 in the previous year.
Revenue from ordinary activities for the six-month period ended Dec. 31, 2024, was AU$434.7 million, down nearly 10% from AU$480.6 million in the same period last year.
The social infrastructure-focused real estate investment trust confirmed adjusted FFO guidance for the full fiscal year of AU$0.445 to AU$0.455 per security. Analysts polled by Visible Alpha expect an adjusted FFO of AU$0.4532 in the reported year.
The board confirmed an interim distribution of AU$0.19 per share, down from the AU$0.267 in the previous reported period, payable on Feb. 28 to shareholders on record as of Dec. 31.