DXS – Dexus Property Trust

I’ve been watching Dexus for quite some time and last nite decided that DXS would be my primary target for acquisition today, just after the open was successful at 0.77 .. Irony is i had to sell my small position in SLF to part finance this trade, due to my frustration at never being able to buy SLF at a low enough price …and today SLF actually traded under 7.90 where i ideally wanted to buy it.

Anyway buying DXS under 0.77 should give a dividend yield of slightly over 8% so im happy with that going forward….also lots of upside in my opinion due to where we are in the real estate valuation cycle and potential for dividend increases going forward.

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