Total revenue rose to $755.9 million from $684.6 million. Chief executive Darren Steinberg said the company expected to lift earnings per security by 1.3 per cent to 7.75 cents in 2012/13. On a like-for-like basis, excluding Dexus' US central portfolio, earnings are expected to rise by 5.2 per cent. "As a result of our revised payout policy, we are targeting a payout ratio of 75 per cent for FY13, and distributions are expected to grow 8.4 per cent to 5.8 cents per security for the year ending 30 June 2013," he said in a statement. AAP