diff --git a/src/Serilog.Expressions/Serilog.Expressions.csproj b/src/Serilog.Expressions/Serilog.Expressions.csproj
index 647cc6a..aedfcbf 100644
--- a/src/Serilog.Expressions/Serilog.Expressions.csproj
+++ b/src/Serilog.Expressions/Serilog.Expressions.csproj
@@ -3,7 +3,7 @@
   <PropertyGroup>
     <Description>An embeddable mini-language for filtering, enriching, and formatting Serilog
       events, ideal for use with JSON or XML configuration.</Description>
-    <VersionPrefix>4.0.1</VersionPrefix>
+    <VersionPrefix>5.0.0</VersionPrefix>
     <Authors>Serilog Contributors</Authors>
     <TargetFrameworks>netstandard2.1;netstandard2.0;net5.0;net6.0;net7.0</TargetFrameworks>
     <GenerateDocumentationFile>true</GenerateDocumentationFile>
diff --git a/src/Serilog.Expressions/Templates/Compilation/UnreferencedProperties/ExpressionReferencedPropertiesFinder.cs b/src/Serilog.Expressions/Templates/Compilation/UnreferencedProperties/ExpressionReferencedPropertiesFinder.cs
index 25ceb6b..8334f2c 100644
--- a/src/Serilog.Expressions/Templates/Compilation/UnreferencedProperties/ExpressionReferencedPropertiesFinder.cs
+++ b/src/Serilog.Expressions/Templates/Compilation/UnreferencedProperties/ExpressionReferencedPropertiesFinder.cs
@@ -12,7 +12,9 @@
 // See the License for the specific language governing permissions and
 // limitations under the License.
 
+using Serilog.Expressions;
 using Serilog.Expressions.Ast;
+using Serilog.Expressions.Compilation;
 using Serilog.Expressions.Compilation.Transformations;
 
 namespace Serilog.Templates.Compilation.UnreferencedProperties;
@@ -47,7 +49,11 @@ protected override IEnumerable<string> Transform(LocalNameExpression nlx)
 
     protected override IEnumerable<string> Transform(AccessorExpression spx)
     {
-        return Transform(spx.Receiver);
+        if (Pattern.IsAmbientProperty(spx.Receiver, BuiltInProperty.Properties, true))
+            yield return spx.MemberName;
+        
+        foreach (var nested in Transform(spx.Receiver))
+            yield return nested;
     }
 
     protected override IEnumerable<string> Transform(LambdaExpression lmx)
@@ -79,7 +85,18 @@ protected override IEnumerable<string> Transform(ObjectExpression ox)
 
     protected override IEnumerable<string> Transform(IndexerExpression ix)
     {
-        return Transform(ix.Index).Concat(Transform(ix.Receiver));
+        if (Pattern.IsAmbientProperty(ix.Receiver, BuiltInProperty.Properties, true) &&
+            Pattern.IsStringConstant(ix.Index, out var name))
+        {
+            yield return name;
+        }
+        else
+        {
+            foreach (var nested in Transform(ix.Index).Concat(Transform(ix.Receiver)))
+            {
+                yield return nested;
+            }
+        }
     }
 
     protected override IEnumerable<string> Transform(IndexOfMatchExpression mx)
diff --git a/test/Serilog.Expressions.Tests/Templates/UnreferencedPropertiesFunctionTests.cs b/test/Serilog.Expressions.Tests/Templates/UnreferencedPropertiesFunctionTests.cs
index 479dae5..1a3a8f0 100644
--- a/test/Serilog.Expressions.Tests/Templates/UnreferencedPropertiesFunctionTests.cs
+++ b/test/Serilog.Expressions.Tests/Templates/UnreferencedPropertiesFunctionTests.cs
@@ -19,32 +19,34 @@ public void UnreferencedPropertiesFunctionIsNamedRest()
     [Fact]
     public void UnreferencedPropertiesExcludeThoseInMessageAndTemplate()
     {
-        Assert.True(new TemplateParser().TryParse("{@m}{A + 1}{#if true}{B}{#end}", out var template, out _));
+        Assert.True(new TemplateParser().TryParse("{@m}{A + 1}{#if true}{B}{@p.C}{@p['D']}{#end}", out var template, out _));
 
-        var function = new UnreferencedPropertiesFunction(template!);
+        var function = new UnreferencedPropertiesFunction(template);
 
         var evt = new LogEvent(
             DateTimeOffset.Now,
             LogEventLevel.Debug,
             null,
-            new(new[] {new PropertyToken("C", "{C}")}),
+            new(new[] {new PropertyToken("E", "{E}")}),
             new[]
             {
                 new LogEventProperty("A", new ScalarValue(null)),
                 new LogEventProperty("B", new ScalarValue(null)),
                 new LogEventProperty("C", new ScalarValue(null)),
                 new LogEventProperty("D", new ScalarValue(null)),
+                new LogEventProperty("E", new ScalarValue(null)),
+                new LogEventProperty("F", new ScalarValue(null)),
             });
 
         var deep = UnreferencedPropertiesFunction.Implementation(function, evt, new ScalarValue(true));
 
         var sv = Assert.IsType<StructureValue>(deep);
         var included = Assert.Single(sv.Properties);
-        Assert.Equal("D", included!.Name);
+        Assert.Equal("F", included.Name);
 
         var shallow = UnreferencedPropertiesFunction.Implementation(function, evt);
         sv = Assert.IsType<StructureValue>(shallow);
-        Assert.Contains(sv.Properties, p => p.Name == "C");
-        Assert.Contains(sv.Properties, p => p.Name == "D");
+        Assert.Contains(sv.Properties, p => p.Name == "E");
+        Assert.Contains(sv.Properties, p => p.Name == "F");
     }
 }
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