Dexus (ASX:DXS) reported a statutory net loss after tax of AU$752.7 million, contrasting with the previous year's net profit of AU$1.615 billion, primarily due to unrealized fair valuation losses on investment property.

The company also reported a distribution of 51.6 cents per security, a 3% decline from the previous year.

Despite these losses, Dexus managed to raise AU$1.6 billion in new equity, and gained high occupancy rates for its office, and industrial portfolios.

The company expects a challenging FY24 due to rising interest rates, and geopolitical risks, projecting an FY24 distribution of approximately 48 cents per security.