Dexus, one of Australia’s leading real estate groups, states that, on average, 86% of its debt was hedged throughout FY23.

The company also forecasts a distribution of 48.0 AU cents per security for the 12-month period concluding in June 2024.

The upcoming fiscal year, FY24, is believed to remain challenging with AFFO (adjusted funds from operations) excluding trading profits forecasted to be on par with that of FY23.

Dexus also anticipates that the continued rise in interest rates will impact its FY24 result.

Dexus (ASX:DXS) is a prominent Australian real estate group, managing a high-quality Australian property portfolio valued at $27.2 billion.