Hey kids! Did you know that big companies that own office buildings are also feeling the effects of changes in the economy? One big Australian company, Dexus, is selling some of its buildings to get more money. This is happening because interest rates (the cost of borrowing money) have been high, making it harder for people to buy or rent office spaces.
- Dexus is selling buildings because it's a tough time for office buildings right now.
- High interest rates made it harder to rent office spaces.
- Dexus hopes to sell A$2 billion worth of buildings over the next three years.
- Australia is seen as a safer place to invest money because of its stable government and economy.
| Fact | Number |
|---|---|
| Dexus's profit for the half year | A$10.3 million |
| Dexus's planned asset sales | A$2 billion |
| Drop in adjusted funds from operations | 13.9% |
