- Activity pressure is positive on the latest completed week.
- Latest weekly return ranks in the strongest part of its sector group.
DXS
ASX
Week ended 31 Jul 2026
Weekly Investor Report
DEXUS · Real Estate · Reit - Office
Latest close
5.99 AUD
6.2%
latest week
Weekly setup
Mixed setup
The weekly trend is not active. Price is -1.6% below the Trend Line and sits at 35.8% of its 52-week range. The latest completed week returned 6.2%, after a 9.7% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is expensive relative to peers. The latest news-sentiment score is 50/100.
Setup score
43
out of 100
Latest Close
5.99 AUD
31 Jul 2026
1W Return
6.2%
latest completed week
4W Return
9.7%
short-term follow-through
12W Return
-2.0%
quarterly tape
Trend Breadth
25.0%
13 of 52 weeks active
Volume Ratio
1.4x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Price is below the Trend Line, which keeps downside pressure in focus.
- Price is below Fair Value, so the market is still discounting the latest tape.
- Activity pressure is weak, so confirmation is not yet broad enough.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
6.2%
Latest completed week; four-week move 9.7%.
Indicator stack
14/66
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
News sentiment
50/100
32 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is -1.6% below the Trend Line and sits at 35.8% of its 52-week range. The latest completed week returned 6.2%, after a 9.7% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 1.4x the 13-week average. Participation is around or above normal and provides reasonable confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
6 Feb
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.2412-week average 0.14
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure1/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.24Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 9.7% over four weeks, -2.0% over 12 weeks, and -12.5% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year13
Trend breadth25.0%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure0.24Latest activity-pressure read.
Pressure change148.5%Four-week change in activity pressure.
Leadership-9.71Latest relative-leadership reading.
RS change44.8%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks weakly; valuation is expensive relative to peers.
Factor week 26 Jul 2026
Financial statements through 30 Jun 2025
Field coverage 82%
Model confidence 44%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength31/100Blend of value, momentum, and quality. Underlying universe rank 70; rank 1 is best.
Value16/100Relative valuation strength. Underlying universe rank 85; rank 1 is best.
Quality96/100Profitability and accounting quality. Underlying universe rank 5; rank 1 is best.
Momentum12/100Medium-term price momentum. Underlying universe rank 89; rank 1 is best.
Growth16/100Revenue and earnings growth. Underlying universe rank 85; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 38.7x Price divided by trailing earnings.
- Price / sales
- 6.6x Market value relative to trailing revenue.
- EV / EBITDA
- 30.4x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 7.4% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 76.1% Gross profit retained from each unit of revenue.
- Operating margin
- 43.8% Operating profit retained from revenue.
- Free-cash-flow margin
- 86.6% Free cash flow generated from revenue.
- Return on invested capital
- 2.1% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 4.6% Latest one-year revenue growth.
- EPS growth
- - Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- 30.6% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 6/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 6.6% Cash dividends relative to market value.
- Buyback yield
- 0.0% Net share repurchases relative to market value.
- Shareholder yield
- 6.6% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- 13.4x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment50/100
Weighted news tone is neutral across 32 relevant articles.
5 positive · 23 neutral · 4 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-20.3%Distance below the 52-week high.
13-week volatility4.4%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
6 Feb
6 Mar
3 Apr
1 May
29 May
26 Jun
31 Jul
Weeks higher12 of 2614 weeks finished lower.
Best week+7.8%Week of 12 Jun.
Worst week-10.6%Week of 29 May.
Latest week+6.2%Week of 31 Jul.
Shape of recent returns
Strong gains3
Modest gains9
Flat weeks0
Modest losses10
Sharp losses4
Recent vol4.4%13-week weekly-return volatility.
Base vol3.1%52-week weekly-return volatility.
Up/down split22/30Count of positive and negative weeks in the 52-week window.
Average skew2.5% / -2.2%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorAU Real Estate
4-week rank3 / 53
Group average1.1%
Trend breadth28.3%
Trend28.3%active weekly trend signals
MD73.6%positive activity pressure
RS28.3%positive relative leadership
Four-week leaders
IndustryAU Reit - Office
4-week rank1 / 4
Group average4.7%
Trend breadth25.0%
Trend25.0%active weekly trend signals
MD100.0%positive activity pressure
RS0.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape38/100
Trend, activity pressure, participation, and risk combine to a 38/100 tape read.
Indicator analysis15/100Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 0/12.
Activity pressure 0.24; No reversal markers Factors39/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 54 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment50/100Weighted news tone is neutral across 32 relevant articles.
What Puts Dexus (ASX:DXS) In The Property Reset? Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 31 Jul 2026 | 5.99 AUD | 6.2% | 6.09 AUD | 6.55 AUD | 0.24 | -9.71 | 16.9M | Off |
| 24 Jul 2026 | 5.64 AUD | -2.1% | 6.12 AUD | 6.55 AUD | -0.07 | -13.28 | 10.7M | Off |
| 17 Jul 2026 | 5.76 AUD | 2.7% | 6.16 AUD | 6.56 AUD | -0.20 | -11.97 | 12.3M | Off |
| 10 Jul 2026 | 5.61 AUD | 2.7% | 6.20 AUD | 6.57 AUD | -0.34 | -14.63 | 13.4M | Off |
| 3 Jul 2026 | 5.46 AUD | -2.2% | 6.24 AUD | 6.58 AUD | -0.50 | -17.58 | 23.6M | Off |
| 26 Jun 2026 | 5.58 AUD | -1.0% | 6.29 AUD | 6.59 AUD | -0.66 | -15.32 | 2.7M | Off |
| 19 Jun 2026 | 5.64 AUD | -1.5% | 6.33 AUD | 6.59 AUD | -0.82 | -15.33 | 10.0M | Off |
| 12 Jun 2026 | 5.73 AUD | 7.8% | 6.38 AUD | 6.60 AUD | -0.73 | -14.09 | 3.6M | Off |
| 5 Jun 2026 | 5.31 AUD | -2.3% | 6.42 AUD | 6.60 AUD | -0.62 | -18.94 | 22.2M | Off |
| 29 May 2026 | 5.44 AUD | -10.6% | 6.47 AUD | 6.61 AUD | -0.46 | -18.36 | 9.2M | Off |
| 22 May 2026 | 6.08 AUD | 1.2% | 6.53 AUD | 6.62 AUD | -0.23 | -8.30 | 10.4M | Off |
| 15 May 2026 | 6.01 AUD | -1.6% | 6.57 AUD | 6.63 AUD | -0.37 | -9.30 | 10.9M | Off |
| 8 May 2026 | 6.11 AUD | -2.4% | 6.61 AUD | 6.63 AUD | -0.55 | -9.27 | 14.9M | Off |
| 1 May 2026 | 6.26 AUD | 1.0% | 6.65 AUD | 6.64 AUD | -0.83 | -7.29 | 11.7M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.