Vicinity Centres

VCX

AU000000VCX7

Commercial REITs

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
1.885 ^AUD	-2.58%		-1.05%	-7.60%

Apr. 17	Realside Asset Management Pty Ltd agreed to acquire Maddington Central from Vicinity Centres.	CI
Feb. 15	Transcript : Vicinity Centres, H1 2024 Earnings Call, Feb 15, 2024

Vicinity Centres Reports Earnings Results for the Full Year Ended June 30, 2023

August 15, 2023 at 06:44 pm EDT

Vicinity Centres reported earnings results for the full year ended June 30, 2023. For the full year, the company reported sales was AUD 1,209.8 million compared to AUD 1,123.2 million a year ago. Revenue was AUD 1,281.4 million compared to AUD 1,182.4 million a year ago.

Net income was AUD 271.5 million compared to AUD 1,215.2 million a year ago. Basic earnings per share from continuing operations was AUD 0.0596 compared to AUD 0.2669 a year ago. Diluted earnings per share from continuing operations was AUD 0.0595 compared to AUD 0.2664 a year ago.

Latest news about Vicinity Centres

Realside Asset Management Pty Ltd agreed to acquire Maddington Central from Vicinity Centres.	Apr. 16	CI
Transcript : Vicinity Centres, H1 2024 Earnings Call, Feb 15, 2024	Feb. 14
Vicinity Centres Reports 27% Increase in Fiscal H1 Net Profit; FFO, AFFO Decline	Feb. 14	MT
Vicinity Centres Reports Earnings Results for the Half Year Ended December 31, 2023	Jan. 29	CI
Fawkner Property Pty Ltd and PAG agreed to acquire Perth shopping centre Midland Gate from Vicinity Centres for approximately $ 470 million.	Nov. 01	CI
Transcript : Vicinity Centres, Vicinity Centres Trust - Shareholder/Analyst Call	Oct. 31
The JY Group agreed to acquire Roxburgh Village in Victoria from Vicinity Centres for AUD 123 million.	23-10-30	CI
Vicinity Centres agreed to acquire the remaining 49% stake in Chatswood Chase Sydney for AUD 310 million	23-10-30	CI
Vicinity Centres to Acquire the Remaining 49% Interest of Chatswood Chase Sydney	23-10-30	CI
An unknown buyer acquired Broadmeadows Homemaker Centre in Melbourne from Vicinity Centres for AUD 20 million.	23-09-04	CI
Vicinity Centres Fiscal 2023 Profit Falls on Property Revaluation Decrement; Shares Up 3%	23-08-15	MT
Transcript : Vicinity Centres, 2023 Earnings Call, Aug 16, 2023	23-08-15
Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2023, Payable on September 11, 2023	23-08-15	CI
Vicinity Centres Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-15	CI
Nikos Property Group Pty Ltd. completed the acquisition of 50% stake in Broadmeadows Central from Vicinity Centres.	23-06-29	CI
Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres for approximately AUD 130 million.	23-05-31	CI
Australian commercial property holding up against higher interest rates	23-02-16	RE
Vicinity Centres' Fiscal H1 Profit Plunges 73%	23-02-15	MT
Vicinity Centres Fiscal H1 Profit Down on Property Revaluation Decrement	23-02-14	MT
Transcript : Vicinity Centres, H1 2023 Earnings Call, Feb 15, 2023	23-02-14
Vicinity Centres Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-14	CI
Vicinity Centres Announces Dividend on VCX- Fully Paid Ordinary/Units Stapled Securities for the Financial Reporting or Payment Period Ended 31 December 2022, Payable on March 7, 2023	23-02-14	CI
Vicinity Centres Appoints Peter Charles Huddle to the Board	23-02-02	CI
Vicinity Centres COO Takes CEO Role	23-01-31	MT
Vicinity Centres Appoints Peter Huddle as Managing Director, Effective 1 February 2023	23-01-30	CI

Chart Vicinity Centres

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Company Profile

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.

Sector

Commercial REITs

Calendar

2024-08-19 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

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Ratings for Vicinity Centres

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.885 AUD

Average target price

2.094 AUD

Spread / Average Target

+11.06%

Consensus

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