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Australia's Dexus falls on court order to pay $21.1 million to APAC, others

By Reuters News11 hours ago Updated

** Dexus DXS.AX shares fall as much as 2.1% to A$5.66, on track for worst day since October 1

** Real estate asset manager says NSW Supreme court has ordered unit to pay about A$30 million ($21.05 million) to Australia Pacific Airports Corp (APAC), IFM Investors and others

** While the APAC issue remains a developing headwind, quantification of provision and improved disclosure should be helpful to investors seeking to assess extent of overall loss, according to analysts at Citi

** Citi further adds co's FY27 guidance implies lower earnings

** Down 18% YTD, including the session's moves

($1 = 1.4249 Australian dollars)

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