GPT Group vs Dexus shares: Which ASX REIT looks better value?

When it comes to picking between GPT Group (ASX: GPT) and Dexus (ASX: DXS), you’re sizing up two heavyweight names from the ASX’s real estate investment trust (REIT) sector. Both offer large, diversified portfolios, long track records, and established brands. For everyday investors hunting income, value, or just exposure to Australian property, weighing GPT against Dexus makes a lot of sense. So, which might offer better value right now?

The case for GPT Group

GPT Group is one of Australia’s largest listed property trusts, tracing its origins to the country’s first ever REIT, set up in 1971. Over the decades, GPT has built a robust and conservative portfolio split across office buildings, major retail centres, and logistics/industrial assets. According to GPT Group, it manages over $42 billion of property and has recently increased its tilt toward industrial assets, now accounting for almost a third of its holdings.

What stands out in GPT’s current fundamentals is its:

• Attractive 8.12 P/E ratio (notably lower than Dexus’s)
• Dividend yield of 5.44%
• Market cap around $8.6 billion, making it one of the larger players on the market.

GPT’s consistent history of paying fully unfranked distributions – roughly 24 cents per share annually in recent years – underlines its income credentials, though franked income isn’t on offer here. Its conservative approach to gearing (debt) and measured development pipeline have long appealed to more cautious property investors.

The case for Dexus

Dexus has transformed beyond a pure office property landlord into a broader platform managing listed and unlisted real estate, infrastructure, and alternative assets – especially since its big 2023 acquisition of AMP Capital’s real estate and infrastructure arm. Dexus directly and indirectly holds premium office, logistics, retail, and airport assets, notably including stakes in Melbourne Airport and Jandakot Airport.

Key fundamentals for Dexus right now include:

• A higher dividend yield of 6.67%
• A market cap of $5.96 billion (a notch below GPT, but still sizeable)
• P/E ratio of 10.17

Dexus’s income stream is attractive, at around 37 cents per share (annualised from the last year’s payouts), with a portion of its most recent distributions franked (but with franked percentages varying between periods). Its recent diversification into infrastructure assets sets it apart from most traditional REITs, potentially adding some resilience – though also introducing new complexity for investors used to pure property exposure.

Valuation comparison

Here’s a side-by-side look at the major valuation metrics based on the latest figures:

	GPT Group	Dexus
Market Cap	$8.60 billion	$5.96 billion
P/E Ratio	8.12	10.17
Dividend Yield	5.44%	6.67%
Dividend per Share	$0.24	$0.37
EPS	0.549	0.546
Franking	0%	Variable, up to ~20%
YTD Return	-15.5%	-17.4%

Both companies sport very similar recent EPS. GPT’s P/E ratio is noticeably lower, which usually means investors are paying less for each dollar of earnings – but Dexus’s higher dividend yield may appeal to those seeking bigger income streams. Franking is limited for both, but Dexus’s distributions do carry some franking credit, while GPT’s are unfranked. Note: both companies have reported EPS figures very close to or slightly above their per-share distributions, but as always, there can be timing and calculation differences between reported EPS and current-year payout ratios.

Recent share price performance

Share prices for both companies have been under pressure over the year to date, as interest rates and broader property sector worries have weighed on REIT valuations.

Comparing 25 August to 21 September 2026:

• GPT Group fell from $4.69 to $4.49, a drop of around 4.3% across the period.
• Dexus slipped from $5.88 to $5.54, down approximately 5.8% over the same range.
• Year to date, GPT’s return is -15.5%, while Dexus has dropped -17.4%.

In short, Dexus shares have underperformed slightly versus GPT in terms of recent momentum. Both have lagged the broader ASX, in line with their sector.

Which is the better buy?

For me, it’s a line-ball call because both GPT Group and Dexus look like reasonable value on paper and have offered consistent income. If I had to tip one for value today, I’d lean just slightly toward GPT Group. My reasons? GPT trades on a meaningfully lower P/E (8.12 vs 10.17) for similar recent earnings, has a larger and arguably more conservative asset base, and its recent price performance has been a fraction less negative. While Dexus’s higher dividend yield is tempting, the difference isn’t life-changing on a yield-per-dollar basis, and GPT’s simpler, core property focus and lower multiple appeal to my sense of “margin of safety” in the current environment.

If I were seeking maximum immediate yield and a taste of infrastructure, Dexus could still have the edge. But with its lower valuation and more traditional property mix, my pick for better value in this REIT head-to-head would be GPT Group.

The post GPT Group vs Dexus: Which ASX REIT is better value right now? appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial draft. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Betashares Nasdaq 100 ETF (ASX: NDQ) is one of the better-known growth exchange-traded funds (ETFs) on the ASX.

It has been around long enough that the basic story is familiar, but I still think there are good reasons to consider it today.

If I had $10,000 to invest for long-term growth, these are the three reasons the NDQ ETF would be on my shortlist.

It gives me something the ASX cannot

The first reason is simple. The Australian share market has plenty of strong businesses, but it does not have many companies operating at the front of global technology.

The NDQ ETF changes that. It gives investors exposure to large Nasdaq-listed businesses across software, semiconductors, ecommerce, digital advertising, cloud computing, biotechnology, and other areas that are difficult to access through the ASX.

This includes Apple, Nvidia, Broadcom, and Tesla.

For me, that makes the Betashares Nasdaq 100 ETF particularly attractive alongside Australian shares.

The winners can keep getting bigger

Another thing I like about the NDQ ETF is that it gives successful businesses room to become more important within the portfolio.

The Nasdaq-100 is weighted towards its largest companies, so businesses that grow into global leaders can make a meaningful contribution to returns.

Concentration is something I would think carefully about. The Betashares Nasdaq 100 ETF can become heavily influenced by a relatively small group of companies, particularly when the largest technology businesses are performing strongly.

But I do not necessarily see that as a weakness.

If I already had diversification elsewhere, I might actually want part of my portfolio focused on companies with dominant market positions and large opportunities still ahead of them.

That is a different job from a broad-market ETF, and I think the NDQ ETF can do it well.

AI is only part of the opportunity

Artificial intelligence (AI) is an obvious reason investors are interested in the Nasdaq today, but I would not want the entire investment case resting on AI.

What I want is the wider technology ecosystem around it.

More computing power means greater demand for semiconductors and data centres. Businesses are continuing to move workloads into the cloud. Digital advertising, ecommerce, cybersecurity, automation, and online services are still evolving.

Many Nasdaq-100 companies sit across several of those trends at once.

That gives the NDQ ETF more than one way to benefit as technology spending changes over time.

There will undoubtedly be periods when these shares fall, particularly if valuations become stretched or investors move away from growth stocks.

But with a long enough timeframe, I would be prepared to accept that volatility.

Foolish takeaway

For me, the NDQ ETF has a strong long-term case.

It gives investors access to some of the world’s biggest technology and growth businesses in a single ASX investment, with exposure to several trends that could keep expanding for years.

If I had $10,000 available for long-term growth, the Betashares Nasdaq 100 ETF would be one of the ETFs I would be happy to own.

The post 3 reasons I’d invest $10,000 into the NDQ ETF appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, BetaShares Nasdaq 100 ETF, Broadcom, Nvidia, and Tesla. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Apple and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Premier Investments Ltd (ASX: PMV) shares were up more than 3% in early trade despite the company’s net profit falling more than 10%.

Challenging trading conditions

The retailer, which reported its full-year results on Thursday, declared a final dividend of 36 cents per share, fully franked, which maintains its dividend yield at more than 7%, albeit on a share price that is down more than 40% over the year.

Revenue from ordinary activities came in at $808 million for the year to July 25, down 2.8%, while net profit was $129.2 million, down 10.3%.

Premier Chair Solomon Lew said the company continued to progress its growth plans for Peter Alexander and Smiggle during the year, “with significant progress made across a number of key initiatives”.

Mr Lew added:

Peter Alexander delivered another record sales performance in FY26 and successfully launched its Peter’s Dreamers loyalty program, attracting more than 1.4 million members within its first 10 months of operation. At Smiggle, the key relaunch initiatives announced in March 2026 have been delivered, with the brand entering 1H27 with a refreshed product range and renewed customer proposition ahead of the critical peak trading period.

Mr Lew said discretionary retail conditions in the second half of the year were very challenging, in particular in the later months.

He added:

Despite this backdrop, we remained focused on executing our growth strategies and positioning both brands for the critical Black Friday, Christmas and Back-to-School trading period ahead. The actions taken over the past six months leave both brands better placed as they enter 1H27. Premier’s diversified portfolio, including the continued strength of our investment in Breville and a strong balance sheet, provides the flexibility to invest in our brands, pursue new opportunities and continue our capital management initiatives, including the on-market share buy-back.  

During the year, Premier opened four new Peter Alexander stores and another five were either expanded or relocated.

The company said at least five new store openings and one relocation or expansion were confirmed for the first half of 2027, including the opening of a large flagship store in the Sydney CBD in October 2026.

Premier said the first seven weeks of the new year continued to be challenging; however, sales were within 1% of the previous period on a like-for-like basis.

Premier Investments shares look fully priced

RBC Capital Markets said the result was neutral for the company.

They said both Smiggle and Peter Alexander sales came in within their forecasts.

They added:

The early 1H27 trading commentary suggests to us that the Retail segment as a whole is tracking largely in line to marginally ahead of consensus, with a clean inventory position to start FY27.

RBC has a price target on Premier of $12 against $11.42 currently, up 2.3% on the day. Premier is valued at $1.78 billion.

The post Why are Premier Investments shares trading higher today? appeared first on The Motley Fool Australia.

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• Premier Investments earnings: Net profit slips, dividend steady in FY26

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.