Integrated real asset group Dexus posted a 3.7% increase in revenue to $480.6 million for the first half of FY24.

The higher revenue comes amid a net loss of $597.2 million, primarily due to fair value losses on investment properties.

Funds from operations for the period declined by 6.2% to $364.8 million, reflecting operational earnings resilience amid increased debt and corporate expenses costs.

Adjusted funds from operations were also down 5.9% to $292.4 million.