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By Shivangi Lahiri
(Reuters) - Shares in Australia's Dexus dropped most in more than 3 years on Tuesday, after the real estate firm reported a wider-than-expected loss for fiscal 2024, owing to a steep decline in its property valuations.
Dexus shares fell as much as 8.5% to A$6.860, marking their worst intraday drop since July 2021, and were among the biggest losers in the ASX 200 benchmark, which was trading slightly higher as of 0040 GMT.
The real estate manager's statutory net loss attribu...
>>> Read more: Australia's Dexus marks worst day in over 3 years as annual loss widens
(Reuters) - Shares in Australia's Dexus dropped most in more than 3 years on Tuesday, after the real estate firm reported a wider-than-expected loss for fiscal 2024, owing to a steep decline in its property valuations.
Dexus shares fell as much as 8.5% to A$6.860, marking their worst intraday drop since July 2021, and were among the biggest losers in the ASX 200 benchmark, which was trading slightly higher as of 0040 GMT.
The real estate manager's statutory net loss attribu...
>>> Read more: Australia's Dexus marks worst day in over 3 years as annual loss widens
