Dexus
DXS: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| S.Y | LOCK|$< | LOCK|R%g%C@ |
Dexus: Forced Off the Airport Runway; Downgrading Fair Value by 10% to AUD 8.50
Dexus lost the legal fight with Australia Pacific Airports, owner of Melbourne and Launceston Airports. It is being forced to sell the 27% stake in APAC that its infrastructure funds hold (together, the Dexus Bloc) back to APAC's co-owners.
