Shares of the Australian real estate company, Dexus (ASX:DXS), plunged by up to 4.5% to A$7.65, marking its largest intra-day fall since late December of last year.

The decline comes as Dexus anticipates pressure on valuations of its real assets, with inflation and soaring interest rates impacting the company significantly.

Dexus also reported its first annual net loss since 2009, amounting to A$752.7 million.

Looking forward, the company conjectures a reduced distribution of 48 Australian cents per security, a dip compared with the current year’s total distribution of 51.6 cents.

The share value has reached its lowest point since late June, despite rising by 3.4% this year as of the most recent close.

Dexus (ASX:DXS) is an Australian based real estate company involved in owning, managing, and developing properties.