Appendix 4E - Results for announcement to the market
Financial reporting for the year ended 30 June 2017
30 June 2017
30 June 2016
Increase/ (Decrease)
$m
$m
$m
%
Revenue from ordinary activities
1,302.1
1,326.4
(24.3)
(1.8)
Net Profit from ordinary activities after tax attributable to securityholders
1,583.6
960.9
622.7
64.8
Underlying Earnings2
741.8
757.5
(15.7)
(2.1)
30 June 2017
30 June 2016
Increase/ (Decrease)
Net tangible assets per security
$ per security
$ per security
$ per security
%
Total
2.82
2.59
0.23
8.9
Net assets per security
$ per security
$ per security
$ per security
%
Total
2.97
2.74
0.23
8.4
Distribution per stapled security
Cents3
Record date
Payment date
Interim distribution
8.70
30-Dec-16
2-Mar-17
Final distribution
8.60
30-Jun-17
30-Aug-17
Review of results
For further commentary on these results, refer to the following documents released to ASX today: 2017 annual results announcement, 2017 annual results presentation and 2017 Annual Report (Annual Report).
Details of associates and joint venture entities (equity accounted investments)
Refer to Note 5 of the Financial Report for the year ended 30 June 2017 (Financial Report) contained within the Annual Report.
The information presented above is based upon the Financial Report which has been audited. The independent auditor's report is included within the Financial Report.
The remaining disclosures required to comply with listing rule 4.3A are contained within the Operating and Financial Review and Financial Report sections of the Annual Report.
Michelle Brady
Date: 16 August 2017
Company Secretary
Notes:
1. Vicinity Centres is a stapled group comprising Vicinity Limited ABN 90 114 757 783 and Vicinity Centres Trust ARSN 104 931 928 (the Trust). The Responsible Entity of the Trust is Vicinity Centres RE Ltd ABN 88 149 781 322.
2. A reconciliation between underlying earnings and net profit from ordinary activities attributable to securityholders is provided in Note 1(b) of the Financial Report.
3. Details of the full year tax components of distributions will be provided in the Annual Tax Statements which will be sent to securityholders in late August 2017.
Vicinity Centres RE Ltd. published this content on 16 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 August 2017 00:16:06 UTC.
Original documenthttp://www.vicinity.com.au/media/685630/170816-appendix-4e.pdf
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Vicinity Centres is an Australia-based company that is engaged in investment in a portfolio of retail investment properties. The Company owns and manages retail destinations across Australia and offer a range of retail, residential, and office spaces. The Company has direct Portfolio with interests in 59 shopping centers, including the DFO Brisbane business and manages 29 assets on behalf of Strategic Partners, 28 of which are co-owned by the Company. Its properties include Bankstown Central, Bayside, Buranda Village, Chadstone, DFO Perth, Emporium Melbourne, Queen Victoria Building, QueensPlaza, and The Glen. Its development properties include 1 Middle Road, Chadstone, Bankstown Central, 12 Balmoral Walk, Bayside, Box Hill Central, Box Hill, and Chatswood Chase Sydney. The Company also offers a range of retail solutions, such as advertising, brand activations, leasing, and pop-up retail.