Why Dexus, Iress, Mader, and Yancoal shares are crashing today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.2% to 7,997.1 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Dexus (ASX: DXS)

The Dexus share price is down almost 7% to $7.00. This follows the release of an underwhelming full year result and disappointing guidance for FY 2025. The property company posted a 7% decline in adjusted funds from operations and a 7% reduction in its dividend to 48 cents per share. Things look likely to be even worse for dividends in FY 2025, with management guiding to a 23% cut to 37 cents per share. Though, it still equates to an attractive 5.3% dividend yield based on its current share price.

Iress Ltd (ASX: IRE)

The Iress share price is down a further 9% to $9.47. Investors have been selling this investment technology company's shares since the release of its half year results on Monday. While its performance was strong during the half, investors appear to be doubting management's ability to achieve its guidance for the full year and have been heading to the exits.

Mader Group Ltd (ASX: MAD)

The Mader share price is down 12.5% to $5.62. Investors have been hitting the sell button following the release of the specialist technical services provider's full year results. Mader was on form during the 12 months, delivering record sales and profits. However, as strong as its growth was, it was still short of the market's lofty expectations. As was its guidance for FY 2025. For example, management is guiding to revenue of at least $870 million and net profit after tax of at least $57 million. This compares to Bell Potter's estimate of $961 million and $69 million, respectively.

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price is down 16.5% to $5.81. After the market close on Monday, this coal miner released its half year results. It reported a 21% decline in revenue to $3.14 billion and a 57% reduction in profit after tax to $420 million. In light of this poor performance, the Yancoal board elected not to declare an interim dividend for FY 2024. Instead, the retained cash will provide flexibility for potential corporate initiatives. Though, it may be used for dividends in the future if not utilised.

The post Why Dexus, Iress, Mader, and Yancoal shares are crashing today appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro 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 Mader Group. The Motley Fool Australia has positions in and has recommended Mader Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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