Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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<p>Dexus Property Group plans to raise US$300m through a fully underwritten placement. Even though the deal scores a marginal negative score on our framework we would be inclined to take the deal as the company will use the proceeds to acquire new office properties which should be DPU accretive.&nbsp;In addition, seven of the past eight deals by the company have resulted in positive returns for participants.&nbsp;</p><p>However, things to be watch our for include the tight discount and lack of upside to analyst's target price.</p>

Dexus Property Group plans to raise US$300m through a fully underwritten placement. Even though the deal scores a marginal negative score on our framework we would be inclined to take the deal as the company will use the proceeds to acquire new office properties which should be DPU accretive.&nbsp;In addition, seven of the past eight deals by the company have resulted in positive returns for participants.&nbsp;However, things to be watch our for include the tight discount and lack of upside to analyst's target price.

Raising capital to fund acquisitions. Most of the past eight deals have made money. Take the deal

Australia

Dexus provides real estate services. The Company manages and invests in a portfolio of diversified properties, including office and industrial buildings, retail shopping centers, and car parks. Dexus serves customers in Australia and New Zealand.

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Dexus Property (DXS AU)

Raising capital to fund acquisitions. Most of the past eight deals have made money. Take the deal

Dexus Property Group plans to raise US$300m through a fully underwritten placement. Even though the deal scores a marginal negative score on our...

Sumeet Singh

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