The Dexus (ASX: DXS) share price is in focus today after fresh portfolio valuations showed a slight 0.2% book value decrease to 30 June 2026, with office down 0.4% but industrial assets up 0.5%.

What did Dexus report?

• External independent valuations of 175 assets as at 30 June 2026
• Estimated total portfolio value decreased by $24 million, or 0.2%, in the six months to 30 June 2026
• Office portfolio value decreased by 0.4% due to higher capitalisation and discount rates
• Industrial portfolio value increased by 0.5%, mainly from rental growth and a firmer discount rate
• Weighted average capitalisation rate: 6.22% for office, 5.58% for industrial, and 6.06% total

What else do investors need to know?

Dexus noted that market rental growth contributed positively to valuations, especially in the industrial sector, which offset some pressure from increasing capitalisation rates in the office portfolio. Marginally softer capitalisation rates affected both asset classes, but fundamentals are helping to steady results. Valuation specifics and any further commentary on individual assets will be provided with Dexus’s FY26 results on 20 August 2026. These updated values do not include Dexus’s retail assets, and figures are subject to change on finalisation.

What did Dexus management say?

Dexus Group CEO and Managing Director Ross Du Vernet said:

The valuations reflect a stabilising market that is being driven by fundamentals. Capitalisation rates were slightly softer in both the office and industrial portfolios, with rental growth and capex assumptions generally driving valuation outcomes across the stabilised portfolios.

What’s next for Dexus?

Dexus’s formal FY26 results will land on 20 August 2026; this will contain further detail on each property’s valuation and outlook for the business. The company remains focused on its real estate development pipeline and leveraging its diverse asset base to unlock further value and deliver long-term growth for investors. As market conditions continue to evolve, Dexus’s integrated platform and experienced management team are positioning it to navigate trends in office and industrial property, with an eye on sustainability and future opportunities.

Dexus share price snapshot

Over the past 12 months, Dexus shares have declined 22%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post Dexus’ portfolio valuations show office fall, industrial gain 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 summary of the company announcement. 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 Genesis Minerals Ltd (ASX: GMD) share price is in focus today as the company confirmed it has delivered a binding proposal to merge with Vault Minerals Ltd (ASX: VAU). The proposed deal values Vault at A$5.6 billion and would create an Australian gold major with pro-forma annual production of 600–700,000 ounces and a market capitalisation of A$12.6 billion.

What did Genesis Minerals report?

• Genesis has made a binding proposal to acquire all Vault shares via a scheme of arrangement.
• The offer includes 0.7629 new Genesis shares plus A$0.475 in cash per Vault share, implying total consideration of A$5.274 per Vault share.
• Vault shareholders would own 40.2% of the enlarged Genesis Group; Genesis shareholders would own 59.8%.
• Estimated post-tax synergies of approximately A$2.0 billion, with A$1.5 billion unique to this transaction over 10 years.
• The combined group would have 33.6 million ounces in mineral resources and 9.4 million ounces in ore reserves.
• The pro-forma balance sheet shows A$611 million net cash and liquidity of A$1.3 billion.

What else do investors need to know?

Genesis’ proposal comes after Vault’s board unanimously deemed it a “Vault Superior Proposal” under its current scheme implementation deed with Regis Resources. However, Regis’ five-day right to match is in effect, limiting Vault’s ability to sign a binding agreement with Genesis until this period ends on 10 July 2026. The offer is not subject to due diligence or financing conditions. Genesis has secured revolving credit facilities to fund the A$500 million cash component, ensuring the enlarged group maintains a strong balance sheet post-merger. Board and management changes are planned if the scheme goes ahead, with representation from both companies and key executive roles remaining with Genesis’ current team, led by Managing Director Raleigh Finlayson.

What’s next for Genesis Minerals?

If Regis chooses not to match the proposal, Vault can move ahead to formalise the agreement with Genesis. The enlarged Genesis Group plans to consolidate operations in Western Australia’s Leonora-Laverton gold district, aiming for sector-leading scale, liquidity, and growth potential. Further value could be realised through operational synergies, optimising processing facilities, and enhanced supply chain efficiency. Investors should follow the outcome of Regis’ matching period and future updates as the proposed merger progresses.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 51%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

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The post Genesis Minerals proposes Vault merger to create gold powerhouse appeared first on The Motley Fool Australia.

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• Greatland Resources posts record FY26 gold output

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 summary of the company announcement. 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 Capricorn Metals Ltd (ASX: CMM) share price is in focus after the company hit the upper end of its FY26 production guidance, with the Karlawinda Gold Project delivering 123,589 ounces of gold for the year and Q4 output of 30,437 ounces.

What did Capricorn Metals report?

• Q4 gold production: 30,437 ounces
• FY26 gold production: 123,589 ounces (top end of 115,000–125,000oz guidance)
• AISC expected within FY26 guidance range of $1,530–$1,630/oz
• Cash and gold on hand at 30 June 2026: $507.0 million
• Q4 cash build before capex and dividend: $68.2 million
• Maiden dividend payment in Q4: $22.8 million

What else do investors need to know?

Development at the Karlawinda Expansion Project (KEP) is shifting into commissioning, with major site construction largely complete. Capricorn has invested $44.8 million in KEP in Q4, covering key equipment and pre-production mining. The Mt Gibson Gold Project (MGGP) saw $1.2 million spent in early procurement and contract work, as Capricorn positions itself to move forward swiftly once all permits are received. Recent federal government approvals mean the MGGP is now advancing to the next stage of state environmental review. A maiden dividend was paid in Q4, highlighting the board’s confidence in operational cash flows and future growth.

What’s next for Capricorn Metals?

Commissioning at the Karlawinda Expansion Project is expected to ramp up this quarter, following the completion of key plant and infrastructure works. At the Mt Gibson Gold Project, focus is on finalising environmental approvals and progressing early-stage project development. Capricorn aims to build on its operational momentum, targeting steady production, careful cost management, and project pipeline advancement in the coming financial year.

Capricorn Metals share price snapshot

Over the past 12 months, Capricorn Metals shares have risen 51%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Capricorn Metals hits upper end of FY26 gold production guidance, advances project expansions 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 summary of the company announcement. 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.