View Financial HealthVicinity Centres 배당 및 자사주 매입배당 기준 점검 3/6Vicinity Centres 수익으로 충분히 충당되는 현재 수익률 4.79% 보유한 배당금 지급 회사입니다.핵심 정보4.8%배당 수익률0.1%자사주 매입 수익률총 주주 수익률4.9%미래 배당 수익률5.4%배당 성장률-5.7%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향63%최근 배당 및 자사주 매입 업데이트공시 • Feb 18Vicinity Centres Announces Actual Ordinary Distribution for the Six Months Period Ended December 31, 2025, Payable on March 12, 2026Vicinity Centres Announced actual, ordinary distribution of AUD 0.06200000 per share for the six months period ended December 31, 2025, payable on March 12, 2026. Record date is on February 24, 2026 with Ex date is on February 23, 2026.Declared Dividend • Aug 22Final dividend increased to AU$0.06Dividend of AU$0.06 is 2.5% higher than last year. Ex-date: 25th August 2025 Payment date: 16th September 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.7%.Declared Dividend • Feb 21First half dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 24th February 2025 Payment date: 13th March 2025 Dividend yield will be 5.2%, which is lower than the industry average of 5.7%.공시 • Aug 22Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2024, Payable on September 16, 2024Vicinity Centres Declares Distribution of AUD 0.05900000 for the Six-Month Ended June 30, 2024, Payable on September 16, 2024. Ex date is August 23, 2024. Record date is August 26, 2024.Declared Dividend • Aug 22Final dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 23rd August 2024 Payment date: 16th September 2024 Dividend yield will be 5.3%, which is lower than the industry average of 5.7%.Declared Dividend • Feb 18First half dividend increased to AU$0.059Dividend of AU$0.059 is 1.7% higher than last year. Ex-date: 20th February 2024 Payment date: 7th March 2024 Dividend yield will be 5.9%, which is about the same as the industry average.모든 업데이트 보기Recent updates공시 • 3hVicinity Centres Announce Board ChangesVicinity Centres announced that, after eleven years of distinguished service, independent non-executive Chairman, Trevor Gerber, intends to retire from Vicinity's Board at the 2026 Annual General Meeting (`AGM'), on 28 October 2026. The Board has appointed Patrick Allaway as a Non-executive Director and Chairman-elect, effective 15 June 2026. Mr. Allaway will succeed Mr. Gerber as Chairman at the conclusion of the AGM, subject to his election as a director by securityholders. Mr Gerber was appointed to the Vicinity Board in June 2015 and became Chairman in 2019. During Mr. Gerber's tenure, Vicinity navigated the complexities of the COVID-19 pandemic and more recently, Mr. Gerber has overseen the execution of a disciplined, multi-year investment strategy involving active repositioning of Vicinity's portfolio toward premium, fortress-style retail assets that deliver superior and sustained income and value growth through cycles. Mr. Allaway brings over 30 years of experience in financial markets, capital markets, institutional banking and corporate advisory, together with more than 15 years of non-executive director experience. Mr. Allaway holds a Bachelor of Arts and Bachelor of Laws, from the University of Sydney. Mr. Allaway is currently a member of the Adobe International Advisory Board, having previously served as Chairman of Bank of Queensland, and as a non-executive director of Allianz Australia, Dexus Funds Management Limited, Macquarie Goodman Industrial Trust, Metcash Limited, Fairfax Media, David Jones, Country Road Group, Woolworths South Africa and Nine Entertainment Co.Buy Or Sell Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to AU$2.42. The fair value is estimated to be AU$3.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to decline by 4.1% per annum. Earnings are also forecast to decline by 16% per annum over the same time period.속보 • May 16Vicinity Centres Expands Sydney Portfolio With A$400 Million Eastern Creek Quarter DealVicinity Centres has agreed to acquire the Eastern Creek Quarter retail centre in Western Sydney from Frasers Property Australia for A$400 million. The asset is a hybrid retail centre with around 100 stores, combining outlet, traditional and large-format retail offerings. The deal is expected to settle by 30 June 2026 and will be funded through existing debt facilities, with gearing forecast to rise by about 200 basis points. This acquisition points to a continued focus on larger, premium and outlet-focused centres in high population growth corridors, particularly across metropolitan Sydney. You should keep an eye on how the added gearing is managed over time and whether tenant demand and occupancy at Eastern Creek Quarter support the returns Vicinity is targeting from this asset.Buy Or Sell Opportunity • May 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to AU$2.43. The fair value is estimated to be AU$3.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to decline by 22% in 2 years. Earnings are forecast to decline by 39% in the next 2 years.내러티브 업데이트 • Apr 03VCX: Balance Sheet Strength And Inorganic Optionality Will Support Cautious Fair Value OutlookAnalysts have lifted their price target on Vicinity Centres to A$2.34 from A$2.20, citing the appeal of its balance sheet and the potential for FFO accretive inorganic growth opportunities, despite a cautious consumer outlook. Analyst Commentary Bullish Takeaways Bullish analysts view the new A$2.34 price target as better reflecting the perceived quality of Vicinity Centres' balance sheet, which they see as a support for current valuation.내러티브 업데이트 • Mar 20VCX: Balance Sheet Strength And Inorganic Options Will Underpin Cautious Fair Value OutlookAnalysts have trimmed their price target for Vicinity Centres slightly from A$2.60 to about A$2.58, citing a cautious consumer outlook while also highlighting the company’s balance sheet strength and the potential for FFO accretive inorganic growth as key supports for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgrade in rating alongside a higher price target to A$2.34 as a signal that current valuation already reflects a fair amount of caution on the consumer outlook.내러티브 업데이트 • Mar 05VCX: Balance Sheet Strength And Inorganic Optionality Will Shape Fairly Valued OutlookNarrative Update The analyst price target for Vicinity Centres has shifted slightly higher to A$2.60 from A$2.58. Analysts point to the company’s balance sheet strength and potential for FFO accretive inorganic growth opportunities as key supports for this modest recalibration.Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Director Angus McNaughton was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Feb 28Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at AU$2.45. The fair value is estimated to be AU$3.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to decline by 4.8% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.Major Estimate Revision • Feb 24Consensus EPS estimates increase by 44%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.151 to AU$0.218. Revenue forecast steady at AU$985.0m. Net income forecast to shrink 31% next year vs 11% decline forecast for Retail REITs industry in Australia. Consensus price target broadly unchanged at AU$2.60. Share price fell 4.3% to AU$2.46 over the past week.Reported Earnings • Feb 20First half 2026 earnings released: FFO per share: AU$0.08 (vs AU$0.076 in 1H 2025)First half 2026 results: FFO per share: AU$0.08 (up from AU$0.076 in 1H 2025). Revenue: AU$710.8m (up 1.2% from 1H 2025). Funds from operations (FFO): AU$351.0m (up 2.0% from 1H 2025). FFO margin: 49% (in line with 1H 2025). Revenue is expected to fall by 4.8% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.내러티브 업데이트 • Feb 18VCX: Balance Sheet Strength And Inorganic Optionality Will Support Larger Destinations FocusNarrative Update Overview The analyst price target for Vicinity Centres has moved modestly higher, with our fair value estimate edging from A$2.58 to A$2.58 as analysts point to a solid balance sheet and potential for FFO-accretive inorganic growth. This is reflected in Jefferies lifting its target from A$2.20 to A$2.34 and moving the stock to Hold.공시 • Feb 18Vicinity Centres Announces Actual Ordinary Distribution for the Six Months Period Ended December 31, 2025, Payable on March 12, 2026Vicinity Centres Announced actual, ordinary distribution of AUD 0.06200000 per share for the six months period ended December 31, 2025, payable on March 12, 2026. Record date is on February 24, 2026 with Ex date is on February 23, 2026.Buy Or Sell Opportunity • Feb 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to AU$2.51. The fair value is estimated to be AU$3.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings are also forecast to decline by 3.7% per annum over the same time period.Buy Or Sell Opportunity • Jan 12Now 20% undervaluedOver the last 90 days, the stock has risen 2.4% to AU$2.60. The fair value is estimated to be AU$3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.내러티브 업데이트 • Nov 27VCX: Divestment Of Smaller Malls Will Support Focus On Larger DestinationsAnalysts have modestly raised their price target for Vicinity Centres to $2.58 per share. This change is attributed to minor adjustments to their discount rate assumptions, while other key outlook factors remain steady.Buy Or Sell Opportunity • Nov 13Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at AU$2.50. The fair value is estimated to be AU$3.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.내러티브 업데이트 • Nov 12VCX: Divestment Of Smaller Malls Will Refocus Capital AllocationAnalysts have modestly raised their price target for Vicinity Centres from $2.54 to $2.58 per share, citing incremental improvements in fair value assessments and profit margin projections. What's in the News Vicinity Centres is marketing three subregional shopping centres for sale, with a combined expected proceeds of around $250 million, as investor demand for supermarket-anchored properties increases (Key Developments).공시 • Oct 02Vicinity Centres to Report Fiscal Year 2026 Results on Aug 19, 2026Vicinity Centres announced that they will report fiscal year 2026 results on Aug 19, 2026Buy Or Sell Opportunity • Sep 03Now 20% undervaluedOver the last 90 days, the stock has risen 1.6% to AU$2.49. The fair value is estimated to be AU$3.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.Declared Dividend • Aug 22Final dividend increased to AU$0.06Dividend of AU$0.06 is 2.5% higher than last year. Ex-date: 25th August 2025 Payment date: 16th September 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.7%.공시 • Aug 22+ 1 more updateVicinity Centres Announces Retirement of Michael Hawker Am from BoardVicinity Centres announced that Michael Hawker AM intends to retire from Vicinity's Board, comprising the Boards of Vicinity Limited and Vicinity Centres RE Ltd. as responsible entity of Vicinity Centres Trust, with effect from 31 August 2025. Mr. Hawker has been a Non-Executive Director at Vicinity since his election by Securityholders in November 2022. During this time, Mr. Hawker served as a member of the Audit Committee and the Risk, Compliance & ESG Committee, and formerly the Remuneration & Human Resources Committee.공시 • Aug 21Vicinity Centres, Annual General Meeting, Nov 06, 2025Vicinity Centres, Annual General Meeting, Nov 06, 2025.내러티브 업데이트 • Aug 21E-Commerce Headwinds Will Dismantle Overpriced Retail ProjectionsVicinity Centres’ consensus price target has edged higher to A$2.52, reflecting marginal increases in its future P/E and net profit margin, with core valuation metrics otherwise unchanged. Valuation Changes Summary of Valuation Changes for Vicinity Centres The Consensus Analyst Price Target has risen slightly from A$2.46 to A$2.52.Reported Earnings • Aug 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: AU$0.22 (up from AU$0.12 in FY 2024). Revenue: AU$1.33b (up 1.4% from FY 2024). Net income: AU$1.00b (up 84% from FY 2024). Profit margin: 76% (up from 42% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Revenue is expected to fall by 4.6% p.a. on average during the next 3 years compared to a 3.5% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.공시 • Aug 20Vicinity Centres to Report First Half, 2026 Results on Feb 18, 2026Vicinity Centres announced that they will report first half, 2026 results on Feb 18, 2026New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$1.4m sold).New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$1.4m sold).Recent Insider Transactions • Apr 24MD, CEO & Director recently sold AU$1.4m worth of stockOn the 23rd of April, Peter Huddle sold around 625k shares on-market at roughly AU$2.29 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.Declared Dividend • Feb 21First half dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 24th February 2025 Payment date: 13th March 2025 Dividend yield will be 5.2%, which is lower than the industry average of 5.7%.Reported Earnings • Feb 20First half 2025 earnings released: FFO per share: AU$0.08 (vs AU$0.076 in 1H 2024)First half 2025 results: FFO per share: AU$0.08 (in line with 1H 2024). Revenue: AU$702.3m (up 9.4% from 1H 2024). Funds from operations (FFO): AU$344.1m (flat on 1H 2024). FFO margin: 49% (down from 54% in 1H 2024). Revenue is expected to fall by 8.8% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.New Risk • Feb 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Buy Or Sell Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock has risen 6.6% to AU$2.26. The fair value is estimated to be AU$2.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 7.7% per annum. Earnings are forecast to grow by 5.9% per annum over the same time period.새로운 내러티브 • Feb 09Chadstone And Chatswood Chase Projects Will Attract High-Profile Tenants Strategic acquisitions and investments in development projects improve asset quality, enhancing leasing opportunities and positioning for revenue and earnings growth.공시 • Oct 16Vicinity Centres to Report Fiscal Year 2025 Results on Aug 20, 2025Vicinity Centres announced that they will report fiscal year 2025 results on Aug 20, 2025Buy Or Sell Opportunity • Sep 20Now 23% undervaluedOver the last 90 days, the stock has risen 20% to AU$2.27. The fair value is estimated to be AU$2.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 7.9% per annum. Earnings are forecast to grow by 6.5% per annum over the same time period.공시 • Sep 11Vicinity Centres Announces Retirement of Clive Appleton from the Board, Effective 29 October 2024Vicinity Centres announced the retirement of Mr. Clive Appleton from the Vicinity Board, having served as a representative of Gandel Group since 2018. Mr. Appleton's retirement from the Board will take effect from the conclusion of the AGM to be held on 29 October 2024.공시 • Aug 22Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2024, Payable on September 16, 2024Vicinity Centres Declares Distribution of AUD 0.05900000 for the Six-Month Ended June 30, 2024, Payable on September 16, 2024. Ex date is August 23, 2024. Record date is August 26, 2024.Declared Dividend • Aug 22Final dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 23rd August 2024 Payment date: 16th September 2024 Dividend yield will be 5.3%, which is lower than the industry average of 5.7%.공시 • Aug 22Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited for AUD 420 million.Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited for AUD 420 million on August 19, 2024. The transaction is being funded by a mix of existing debt facilities and asset divestment proceeds. For the period ending December 31, 2023, Lakeside Joondalup Shopping City reported total revenue of AUD 800 million. Simon Rooney of CBRE brokered the transaction. Vicinity Centres (ASX:VCX) completed the acquisition of 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited on August 19, 2024.Reported Earnings • Aug 20Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: AU$0.12 (up from AU$0.06 in FY 2023). Revenue: AU$1.33b (up 7.8% from FY 2023). Net income: AU$547.1m (up 101% from FY 2023). Profit margin: 41% (up from 22% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is expected to decline by 6.2% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in Australia are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.공시 • Apr 24Vicinity Centres to Report First Half, 2025 Results on Feb 18, 2025Vicinity Centres announced that they will report first half, 2025 results on Feb 18, 2025Declared Dividend • Feb 18First half dividend increased to AU$0.059Dividend of AU$0.059 is 1.7% higher than last year. Ex-date: 20th February 2024 Payment date: 7th March 2024 Dividend yield will be 5.9%, which is about the same as the industry average.Buy Or Sell Opportunity • Jan 25Now 20% undervaluedOver the last 90 days, the stock has risen 14% to AU$1.95. The fair value is estimated to be AU$2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.8% per annum. Earnings are forecast to grow by 15% per annum over the same time period.Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 10.0%. The fair value is estimated to be AU$2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is forecast to grow by 15% per annum over the same time period.공시 • Nov 01Vicinity Centres, Annual General Meeting, Oct 29, 2024Vicinity Centres, Annual General Meeting, Oct 29, 2024.공시 • Sep 27Vicinity Centres to Report Fiscal Year 2024 Results on Aug 20, 2024Vicinity Centres announced that they will report fiscal year 2024 results on Aug 20, 2024New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 101% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin).Reported Earnings • Aug 17Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: FFO per share: AU$0.1 (up from AU$0.13 in FY 2022). Revenue: AU$1.23b (up 2.7% from FY 2022). Funds from operations (FFO): AU$684.8m (up 14% from FY 2022). FFO margin: 56% (up from 50% in FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.공시 • Aug 16Vicinity Centres to Report First Half, 2024 Results on Feb 15, 2024Vicinity Centres announced that they will report first half, 2024 results on Feb 15, 2024공시 • Jun 02Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres (ASX:VCX) for approximately AUD 130 million.Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres (ASX:VCX) for approximately AUD 130 million on June 1, 2023. Vicinity will continue to provide centre management and leasing services at Broadmeadows Central. The sale is expected to settle on 30 June 2023.Board Change • Mar 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. MD, CEO & Director Peter Huddle was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 16First half 2023 earnings released: FFO per share: AU$0.08 (vs AU$0.063 in 1H 2022)First half 2023 results: FFO per share: AU$0.08 (up from AU$0.063 in 1H 2022). Revenue: AU$628.2m (up 4.9% from 1H 2022). Funds from operations (FFO): AU$357.1m (up 24% from 1H 2022). FFO margin: 57% (up from 48% in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Feb 15Vicinity 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, 2023Vicinity Centres announced dividend of AUD 0.05750000 per security on VCX - Fully Paid Ordinary/Units Stapled Securities for the financial reporting or payment period ended 31 December 2022. Ex date on February 20, 2023. Record date on February 21, 2023. Payment date on March 7, 2023.공시 • Feb 09Vicinity Centres, Annual General Meeting, Nov 01, 2023Vicinity Centres, Annual General Meeting, Nov 01, 2023.공시 • Feb 03Vicinity Centres Appoints Peter Charles Huddle to the BoardVicinity Centres appointed Peter Charles Huddle to the board. Date of appointment: 1 February 2023.공시 • Feb 01Vicinity Centres to Report Fiscal Year 2023 Results on Aug 16, 2023Vicinity Centres announced that they will report fiscal year 2023 results on Aug 16, 2023공시 • Jan 31+ 1 more updateVicinity Centres Appoints Peter Huddle as Managing Director, Effective 1 February 2023Vicinity Centres announced the appointment of Mr. Peter Huddle as Managing Director following the completion of a global search. Mr. Huddle's appointment is effective on 1 February 2023. Mr. Huddle, who has been Acting Chief Executive Officer for Vicinity since 16 November 2022, joined the Company as Chief Operating Officer (`COO') in March 2019, reporting to the CEO. Since joining Vicinity, Mr. Huddle has brought his strategic vision and global experience in creating market leading, retail-led destinations. Importantly, Mr. Huddle has been instrumental in building organizational capability and a cohesive, integrated and customer-focused Operations team, comprising Property Management, Leasing, Operations, Development, and Marketing. As COO throughout the pandemic, Mr. Huddle was instrumental in leading Vicinity's operational response, and at the same time, ensuring the Company was well positioned to recover and deliver its long-term growth priorities. Prior to joining Vicinity, Mr. Huddle had a long and distinguished career at Westfield in a variety of leadership roles in Australia, Brazil, and the US. Notably, Mr. Huddle had management responsibility for some of the world's preeminent retail and mixed-use development projects including Westfield World Trade Centre in New York and Century City in Los Angeles. Following the acquisition of Westfield by Unibail-Rodamco in June 2018, which formed the largest global retail REIT, Mr. Huddle was appointed COO of the US business. In this role, Mr. Huddle led all real estate activities including Development, Design, Construction, Management, Leasing, and Asset Management. He was also a member of the URW Global Management Board.공시 • Dec 02Vicinity Centres Announces the Cessation of Grant Lewis Kelley as DirectorVicinity Centres announced the cessation of Grant Lewis Kelley as director, effective 16 November 2022.공시 • Nov 16Vicinity Centres Announces Director AppointmentsVicinity Centres announced ELECTION OF MS TIFFANY FULLER; MR MICHAEL HAWKER AM; MR DION WERBELOFF; MS GEORGINA LYNCH and MR TREVOR GERBER AS A DIRECTOR OF THE COMPANY.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Non-Executive Director Clive Appleton was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Nov 15Vicinity Centres Appoints Peter Huddle as Acting Chief Executive OfficerVicinity Centres announced that its Chief Operating Officer, Peter Huddle has been appointed Acting Chief Executive Officer. Mr. Huddle's appointment will be effective from the conclusion of Vicinity's 2022 Annual General Meeting. Vicinity is in the process of appointing executive search firm, Egon Zehnder to undertake a global search for the replacement of outgoing CEO, Mr. Grant Kelley. As noted previously, the search will comprise both internal and external candidates from Australia and internationally. Prior to joining Vicinity, Mr. Huddle had a long and distinguished career at Westfield in a variety of leadership roles in Australia, Brazil and the US. Notably, Mr. Huddle had management responsibility for some of the world's preeminent retail and mixed development projects including Westfield World Trade Centre in New York and Century City in Los Angeles. Following the acquisition of Westfield by Unibail Rodamco, which formed the largest global retail REIT in June 2018, Mr. Huddle was appointed COO of the extensive operations and development business in the United States and was the only ex-Westfield executive on the management board. Since joining Vicinity in March 2019, Mr. Huddle has been instrumental in bringing the Company's Property Management, Leasing, Operations, Development, and Marketing functions together and delivering a highly cohesive, integrated and customer-focused team.공시 • Oct 31+ 1 more updateCEO, Grant Kelley to Retire from Vicinity Centres by 30 June 2023Vicinity Centres announced the retirement plan of its CEO and Managing Director, Mr. Grant Kelley. After more than five years in the role, Mr. Kelley will retire from Vicinity by 30 June 2023, to facilitate a smooth and coordinated transition to his successor.공시 • Oct 28Vicinity Centres to Report Q2, 2023 Results on Feb 14, 2023Vicinity Centres announced that they will report Q2, 2023 results on Feb 14, 2023Recent Insider Transactions Derivative • Sep 23CEO, MD & Director exercised options to buy AU$144k worth of stock.On the 14th of September, Grant Lewis Kelley exercised options to buy 84k shares at a strike price of around AU$1.66, costing a total of AU$140k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since September 2021, Grant Lewis has owned 561.84k shares directly. This was the only transaction from an insider over the last 12 months.공시 • Sep 07Vicinity Centres Announces Board ChangesVicinity Centres announced that Dr. David Thurin AM has decided to step down from the Board on 15 November 2022 to focus on his otherbusiness commitments having served on the Vicinity Board as a representative of The Gandel Group since 2015, and previously on the board of predecessor entity, Novion Property Group (formerly, CFS Retail Property Group) since 2014. As previously announced on 26 May 2022, Ms Karen Penrose will depart the Vicinity Board on 15 September 2022. Ms Tiffany Fuller and Mr. Michael Hawker AM have been nominated to join the Vicinity Board as independent non-executive Directors. Ms Fuller's executive experience spans investment banking, private equity and corporate advisory acrossseveral sectors including retail, technology, financial services, infrastructure and resources. Ms Fuller is a qualified Chartered Accountant and brings considerable experience from her career as a non-executive Director across both listed and unlisted organizations including Computershare Limited, Washington H. Soul Pattinson and Co. Limited and Australian Venue Co. Mr. Hawker had an extensive executive career in financial services and insurance and is a proven leader of large organisations, having been Managing Director and Chief Executive Officer (`CEO') of Insurance Australia Group for seven years following a distinguished career with Westpac Banking Corporation (`Westpac') and Citibank Limited (Australia). Mr. Hawker currently serves on the boards of Westpac, Washington H. Soul Pattinson and Co. Limited, Allianz Australia, BUPA Global and BUPA Australia and has previously held a number of non-executive director roles with other prominent Australian and global companies. The Gandel Group's CEO, Mr. Dion Werbeloff, has been nominated to replace Dr. Thurin as a non-executive Director and Gandel Group representative. In addition to his eight years at The Gandel Group, three spent as CEO, Mr. Werbeloff brings extensive experience across property and investment banking, notably in mergers and acquisitions and corporate finance at Goldman Sachs, and has worked in Australia and United States.Reported Earnings • Aug 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: FFO per share: AU$0.1 (up from AU$0.12 in FY 2021). Revenue: AU$1.20b (up 5.6% from FY 2021). Funds from operations (FFO): AU$598.3m (up 7.1% from FY 2021). FFO margin: 50% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 89%. Over the next year, revenue is expected to shrink by 26% compared to a 13% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Aug 17Vicinity Centres Declares Final Distribution, Payable on 12 September 2022Vicinity Centres declared a final distribution of 5.7 cents per security, bringing the total FY22 distribution to 10.4 cents per security and representing a payout of 95.3% of Adjusted FFO (AFFO); within Vicinity's distribution payout range of 95%-100% of AFFO. change in distribution record date. With the change in record date from 30 June 2021 (for FY21) to 23 August 2022 (for FY22), there is no distribution payable as at 30 June 2022 (30 Jun 21: $300.4 million). The distribution for the six months to 30 June 2022 is expected to be paid on 12 September 2022.공시 • May 27Vicinity Centres Announces Resignation of Karen Penrose as Director, Effective from September 15, 2022Vicinity Centres announced that Ms Karen Penrose intends to resign from Vicinity's Board (comprising the Boards of Vicinity Limited and Vicinity Centres RE Ltd. as responsible entity of Vicinity Centres Trust). Ms Penrose will remain on the Board until after Vicinity's FY22 result announcement on 17 August 2022, with her resignation to take effect on 15 September 2022. Ms. Penrose has been a Non-Executive Director at Vicinity since its formation in 2015, having previously served on the board of predecessor entity, Novion Property Group (formerly, CFS Retail Property Group) since 2014.Price Target Changed • Apr 27Price target increased to AU$1.96Up from AU$1.80, the current price target is an average from 9 analysts. New target price is 5.6% above last closing price of AU$1.86. Stock is up 15% over the past year. The company is forecast to post earnings per share of AU$0.17 next year compared to a net loss per share of AU$0.057 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Non-Executive Director Clive Appleton was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Mar 16Price target increased to AU$1.96Up from AU$1.80, the current price target is an average from 9 analysts. New target price is 8.5% above last closing price of AU$1.81. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of AU$0.17 next year compared to a net loss per share of AU$0.057 last year.Board Change • Mar 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non Executive Director Mark Bloom was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Feb 16Vicinity Centres Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 8, 2022Vicinity Centres announced dividend of AUD 0.04700000 per security on VCX - Ordinary/Units Fully Paid Stapled Securities for the six months ended December 31, 2021. Ex date on February 21, 2022. Record date on February 22, 2022. Payment date on March 8, 2022.Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non Executive Director Mark Bloom was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 22Full year 2021 earnings released: FFO AU$0.12 per share (vs AU$0.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.14b (up 3.9% from FY 2020). Funds from operations (FFO): AU$558.8m (up 7.4% from FY 2020). FFO margin: 49% (up from 48% in FY 2020). Net asset value (NAV) per share: AU$2.17 (down 6.9% from FY 2020). The current share price is 27% lower than NAV per share. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Executive Departure • Jul 14Chief Financial Officer Nicholas Schiffer has left the companyOn the 1st of July, Nicholas Schiffer's tenure as Chief Financial Officer ended after 1.8 years in the role. We don't have any record of a personal shareholding under Nicholas' name. Nicholas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.50 years.공시 • Feb 18Vicinity Centres Announces Not to Provide Earnings Guidance for the Full Year of 2021Vicinity Centres announced that Despite the improvement in trading conditions there remains uncertainty due to the pandemic and as such full year earnings and distribution guidance for fiscal year 2021 will not be provided at this time.공시 • Feb 17+ 1 more updateVicinity Centres, Annual General Meeting, Nov 10, 2021Vicinity Centres, Annual General Meeting, Nov 10, 2021.공시 • Dec 15Vicinity Centres to Report First Half, 2021 Results on Feb 17, 2021Vicinity Centres announced that they will report first half, 2021 results on Feb 17, 2021Is New 90 Day High Low • Dec 07New 90-day high: AU$1.76The company is up 23% from its price of AU$1.43 on 08 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.27 per share.Is New 90 Day High Low • Oct 29New 90-day low: AU$1.24The company is down 5.0% from its price of AU$1.31 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.42 per share.Is New 90 Day High Low • Oct 05New 90-day high: AU$1.45The company is up 6.0% from its price of AU$1.37 on 07 July 2020. The Australian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.42 per share.공시 • Aug 20Vicinity Centres (ASX:VCX) acquired Galleria Shopping Centre.Vicinity Centres (ASX:VCX) acquired Galleria Shopping Centre in 2003. Vicinity Centres (ASX:VCX) completed the acquisition of Galleria Shopping Centre in 2003.공시 • Aug 19An unknown buyer acquired three non-core assets from Vicinity Centres (ASX:VCX) for approximately AUD 230 million.An unknown buyer acquired three non-core assets from Vicinity Centres (ASX:VCX) for approximately AUD 230 million on February 19, 2020. An unknown buyer completed the acquisition of three non-core assets from Vicinity Centres (ASX:VCX) on February 19, 2020.공시 • Jul 30Vicinity Centres (ASX:VCX) completed the acquisition of 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd.Vicinity Centres (ASX:VCX) agreed to acquire 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd. for AUD 67.8 million on December 23, 2019. MAB Corporation Pty Ltd. will retain a 50% interest in the asset. The acquisition is subject to ACCC approval, with settlement expected in the second quarter of 2020. Vicinity Centres (ASX:VCX) completed the acquisition of 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd. on April 6, 2020.공시 • Jul 08Vicinity Centres has completed a Follow-on Equity Offering in the amount of AUD 33.448 million.Vicinity Centres has completed a Follow-on Equity Offering in the amount of AUD 33.448 million. Security Name: Units Stapled Securities Security Type: Common Stock Securities Offered: 22,600,000 Price\Range: AUD 1.48지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: VCX 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: VCX 의 배당금 지급액은 지난 10 년 동안 감소했습니다.배당 수익률 vs 시장Vicinity Centres 배당 수익률 vs 시장VCX의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (VCX)4.8%시장 하위 25% (AU)2.7%시장 상위 25% (AU)6.8%업계 평균 (Retail REITs)5.1%분석가 예측 (VCX) (최대 3년)5.4%주목할만한 배당금: VCX 의 배당금( 4.79% )은 Australian 시장에서 배당금 지급자의 하위 25%( 2.74% )보다 높습니다.고배당: VCX 의 배당금( 4.79% )은 Australian 시장에서 배당금 지급자의 상위 25%( 6.78% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 63.1% )을 통해 VCX 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 현재 현금 지급 비율 ( 87.6% )에서 VCX 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YAU 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/15 15:32종가2026/06/15 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Vicinity Centres는 25명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Nicholas McGarrigleBarrenjoey Markets Pty LimitedBenjamin BrayshawBarrenjoey Markets Pty LimitedSimon GaringBell Potter22명의 분석가 더 보기
공시 • Feb 18Vicinity Centres Announces Actual Ordinary Distribution for the Six Months Period Ended December 31, 2025, Payable on March 12, 2026Vicinity Centres Announced actual, ordinary distribution of AUD 0.06200000 per share for the six months period ended December 31, 2025, payable on March 12, 2026. Record date is on February 24, 2026 with Ex date is on February 23, 2026.
Declared Dividend • Aug 22Final dividend increased to AU$0.06Dividend of AU$0.06 is 2.5% higher than last year. Ex-date: 25th August 2025 Payment date: 16th September 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.7%.
Declared Dividend • Feb 21First half dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 24th February 2025 Payment date: 13th March 2025 Dividend yield will be 5.2%, which is lower than the industry average of 5.7%.
공시 • Aug 22Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2024, Payable on September 16, 2024Vicinity Centres Declares Distribution of AUD 0.05900000 for the Six-Month Ended June 30, 2024, Payable on September 16, 2024. Ex date is August 23, 2024. Record date is August 26, 2024.
Declared Dividend • Aug 22Final dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 23rd August 2024 Payment date: 16th September 2024 Dividend yield will be 5.3%, which is lower than the industry average of 5.7%.
Declared Dividend • Feb 18First half dividend increased to AU$0.059Dividend of AU$0.059 is 1.7% higher than last year. Ex-date: 20th February 2024 Payment date: 7th March 2024 Dividend yield will be 5.9%, which is about the same as the industry average.
공시 • 3hVicinity Centres Announce Board ChangesVicinity Centres announced that, after eleven years of distinguished service, independent non-executive Chairman, Trevor Gerber, intends to retire from Vicinity's Board at the 2026 Annual General Meeting (`AGM'), on 28 October 2026. The Board has appointed Patrick Allaway as a Non-executive Director and Chairman-elect, effective 15 June 2026. Mr. Allaway will succeed Mr. Gerber as Chairman at the conclusion of the AGM, subject to his election as a director by securityholders. Mr Gerber was appointed to the Vicinity Board in June 2015 and became Chairman in 2019. During Mr. Gerber's tenure, Vicinity navigated the complexities of the COVID-19 pandemic and more recently, Mr. Gerber has overseen the execution of a disciplined, multi-year investment strategy involving active repositioning of Vicinity's portfolio toward premium, fortress-style retail assets that deliver superior and sustained income and value growth through cycles. Mr. Allaway brings over 30 years of experience in financial markets, capital markets, institutional banking and corporate advisory, together with more than 15 years of non-executive director experience. Mr. Allaway holds a Bachelor of Arts and Bachelor of Laws, from the University of Sydney. Mr. Allaway is currently a member of the Adobe International Advisory Board, having previously served as Chairman of Bank of Queensland, and as a non-executive director of Allianz Australia, Dexus Funds Management Limited, Macquarie Goodman Industrial Trust, Metcash Limited, Fairfax Media, David Jones, Country Road Group, Woolworths South Africa and Nine Entertainment Co.
Buy Or Sell Opportunity • Jun 02Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to AU$2.42. The fair value is estimated to be AU$3.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to decline by 4.1% per annum. Earnings are also forecast to decline by 16% per annum over the same time period.
속보 • May 16Vicinity Centres Expands Sydney Portfolio With A$400 Million Eastern Creek Quarter DealVicinity Centres has agreed to acquire the Eastern Creek Quarter retail centre in Western Sydney from Frasers Property Australia for A$400 million. The asset is a hybrid retail centre with around 100 stores, combining outlet, traditional and large-format retail offerings. The deal is expected to settle by 30 June 2026 and will be funded through existing debt facilities, with gearing forecast to rise by about 200 basis points. This acquisition points to a continued focus on larger, premium and outlet-focused centres in high population growth corridors, particularly across metropolitan Sydney. You should keep an eye on how the added gearing is managed over time and whether tenant demand and occupancy at Eastern Creek Quarter support the returns Vicinity is targeting from this asset.
Buy Or Sell Opportunity • May 08Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.2% to AU$2.43. The fair value is estimated to be AU$3.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to decline by 22% in 2 years. Earnings are forecast to decline by 39% in the next 2 years.
내러티브 업데이트 • Apr 03VCX: Balance Sheet Strength And Inorganic Optionality Will Support Cautious Fair Value OutlookAnalysts have lifted their price target on Vicinity Centres to A$2.34 from A$2.20, citing the appeal of its balance sheet and the potential for FFO accretive inorganic growth opportunities, despite a cautious consumer outlook. Analyst Commentary Bullish Takeaways Bullish analysts view the new A$2.34 price target as better reflecting the perceived quality of Vicinity Centres' balance sheet, which they see as a support for current valuation.
내러티브 업데이트 • Mar 20VCX: Balance Sheet Strength And Inorganic Options Will Underpin Cautious Fair Value OutlookAnalysts have trimmed their price target for Vicinity Centres slightly from A$2.60 to about A$2.58, citing a cautious consumer outlook while also highlighting the company’s balance sheet strength and the potential for FFO accretive inorganic growth as key supports for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgrade in rating alongside a higher price target to A$2.34 as a signal that current valuation already reflects a fair amount of caution on the consumer outlook.
내러티브 업데이트 • Mar 05VCX: Balance Sheet Strength And Inorganic Optionality Will Shape Fairly Valued OutlookNarrative Update The analyst price target for Vicinity Centres has shifted slightly higher to A$2.60 from A$2.58. Analysts point to the company’s balance sheet strength and potential for FFO accretive inorganic growth opportunities as key supports for this modest recalibration.
Board Change • Mar 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Non-Executive Director Angus McNaughton was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Feb 28Now 20% undervaluedThe stock has been flat over the last 90 days, currently trading at AU$2.45. The fair value is estimated to be AU$3.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to decline by 4.8% per annum. Earnings are also forecast to decline by 14% per annum over the same time period.
Major Estimate Revision • Feb 24Consensus EPS estimates increase by 44%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.151 to AU$0.218. Revenue forecast steady at AU$985.0m. Net income forecast to shrink 31% next year vs 11% decline forecast for Retail REITs industry in Australia. Consensus price target broadly unchanged at AU$2.60. Share price fell 4.3% to AU$2.46 over the past week.
Reported Earnings • Feb 20First half 2026 earnings released: FFO per share: AU$0.08 (vs AU$0.076 in 1H 2025)First half 2026 results: FFO per share: AU$0.08 (up from AU$0.076 in 1H 2025). Revenue: AU$710.8m (up 1.2% from 1H 2025). Funds from operations (FFO): AU$351.0m (up 2.0% from 1H 2025). FFO margin: 49% (in line with 1H 2025). Revenue is expected to fall by 4.8% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
내러티브 업데이트 • Feb 18VCX: Balance Sheet Strength And Inorganic Optionality Will Support Larger Destinations FocusNarrative Update Overview The analyst price target for Vicinity Centres has moved modestly higher, with our fair value estimate edging from A$2.58 to A$2.58 as analysts point to a solid balance sheet and potential for FFO-accretive inorganic growth. This is reflected in Jefferies lifting its target from A$2.20 to A$2.34 and moving the stock to Hold.
공시 • Feb 18Vicinity Centres Announces Actual Ordinary Distribution for the Six Months Period Ended December 31, 2025, Payable on March 12, 2026Vicinity Centres Announced actual, ordinary distribution of AUD 0.06200000 per share for the six months period ended December 31, 2025, payable on March 12, 2026. Record date is on February 24, 2026 with Ex date is on February 23, 2026.
Buy Or Sell Opportunity • Feb 06Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to AU$2.51. The fair value is estimated to be AU$3.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings are also forecast to decline by 3.7% per annum over the same time period.
Buy Or Sell Opportunity • Jan 12Now 20% undervaluedOver the last 90 days, the stock has risen 2.4% to AU$2.60. The fair value is estimated to be AU$3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.
내러티브 업데이트 • Nov 27VCX: Divestment Of Smaller Malls Will Support Focus On Larger DestinationsAnalysts have modestly raised their price target for Vicinity Centres to $2.58 per share. This change is attributed to minor adjustments to their discount rate assumptions, while other key outlook factors remain steady.
Buy Or Sell Opportunity • Nov 13Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at AU$2.50. The fair value is estimated to be AU$3.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.
내러티브 업데이트 • Nov 12VCX: Divestment Of Smaller Malls Will Refocus Capital AllocationAnalysts have modestly raised their price target for Vicinity Centres from $2.54 to $2.58 per share, citing incremental improvements in fair value assessments and profit margin projections. What's in the News Vicinity Centres is marketing three subregional shopping centres for sale, with a combined expected proceeds of around $250 million, as investor demand for supermarket-anchored properties increases (Key Developments).
공시 • Oct 02Vicinity Centres to Report Fiscal Year 2026 Results on Aug 19, 2026Vicinity Centres announced that they will report fiscal year 2026 results on Aug 19, 2026
Buy Or Sell Opportunity • Sep 03Now 20% undervaluedOver the last 90 days, the stock has risen 1.6% to AU$2.49. The fair value is estimated to be AU$3.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 5.3% per annum. Earnings are also forecast to decline by 3.9% per annum over the same time period.
Declared Dividend • Aug 22Final dividend increased to AU$0.06Dividend of AU$0.06 is 2.5% higher than last year. Ex-date: 25th August 2025 Payment date: 16th September 2025 Dividend yield will be 4.6%, which is lower than the industry average of 5.7%.
공시 • Aug 22+ 1 more updateVicinity Centres Announces Retirement of Michael Hawker Am from BoardVicinity Centres announced that Michael Hawker AM intends to retire from Vicinity's Board, comprising the Boards of Vicinity Limited and Vicinity Centres RE Ltd. as responsible entity of Vicinity Centres Trust, with effect from 31 August 2025. Mr. Hawker has been a Non-Executive Director at Vicinity since his election by Securityholders in November 2022. During this time, Mr. Hawker served as a member of the Audit Committee and the Risk, Compliance & ESG Committee, and formerly the Remuneration & Human Resources Committee.
공시 • Aug 21Vicinity Centres, Annual General Meeting, Nov 06, 2025Vicinity Centres, Annual General Meeting, Nov 06, 2025.
내러티브 업데이트 • Aug 21E-Commerce Headwinds Will Dismantle Overpriced Retail ProjectionsVicinity Centres’ consensus price target has edged higher to A$2.52, reflecting marginal increases in its future P/E and net profit margin, with core valuation metrics otherwise unchanged. Valuation Changes Summary of Valuation Changes for Vicinity Centres The Consensus Analyst Price Target has risen slightly from A$2.46 to A$2.52.
Reported Earnings • Aug 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: AU$0.22 (up from AU$0.12 in FY 2024). Revenue: AU$1.33b (up 1.4% from FY 2024). Net income: AU$1.00b (up 84% from FY 2024). Profit margin: 76% (up from 42% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 40%. Revenue is expected to fall by 4.6% p.a. on average during the next 3 years compared to a 3.5% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
공시 • Aug 20Vicinity Centres to Report First Half, 2026 Results on Feb 18, 2026Vicinity Centres announced that they will report first half, 2026 results on Feb 18, 2026
New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$1.4m sold).
New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (AU$1.4m sold).
Recent Insider Transactions • Apr 24MD, CEO & Director recently sold AU$1.4m worth of stockOn the 23rd of April, Peter Huddle sold around 625k shares on-market at roughly AU$2.29 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.
Declared Dividend • Feb 21First half dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 24th February 2025 Payment date: 13th March 2025 Dividend yield will be 5.2%, which is lower than the industry average of 5.7%.
Reported Earnings • Feb 20First half 2025 earnings released: FFO per share: AU$0.08 (vs AU$0.076 in 1H 2024)First half 2025 results: FFO per share: AU$0.08 (in line with 1H 2024). Revenue: AU$702.3m (up 9.4% from 1H 2024). Funds from operations (FFO): AU$344.1m (flat on 1H 2024). FFO margin: 49% (down from 54% in 1H 2024). Revenue is expected to fall by 8.8% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Retail REITs industry in Australia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
New Risk • Feb 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Buy Or Sell Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock has risen 6.6% to AU$2.26. The fair value is estimated to be AU$2.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 7.7% per annum. Earnings are forecast to grow by 5.9% per annum over the same time period.
새로운 내러티브 • Feb 09Chadstone And Chatswood Chase Projects Will Attract High-Profile Tenants Strategic acquisitions and investments in development projects improve asset quality, enhancing leasing opportunities and positioning for revenue and earnings growth.
공시 • Oct 16Vicinity Centres to Report Fiscal Year 2025 Results on Aug 20, 2025Vicinity Centres announced that they will report fiscal year 2025 results on Aug 20, 2025
Buy Or Sell Opportunity • Sep 20Now 23% undervaluedOver the last 90 days, the stock has risen 20% to AU$2.27. The fair value is estimated to be AU$2.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 7.9% per annum. Earnings are forecast to grow by 6.5% per annum over the same time period.
공시 • Sep 11Vicinity Centres Announces Retirement of Clive Appleton from the Board, Effective 29 October 2024Vicinity Centres announced the retirement of Mr. Clive Appleton from the Vicinity Board, having served as a representative of Gandel Group since 2018. Mr. Appleton's retirement from the Board will take effect from the conclusion of the AGM to be held on 29 October 2024.
공시 • Aug 22Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2024, Payable on September 16, 2024Vicinity Centres Declares Distribution of AUD 0.05900000 for the Six-Month Ended June 30, 2024, Payable on September 16, 2024. Ex date is August 23, 2024. Record date is August 26, 2024.
Declared Dividend • Aug 22Final dividend of AU$0.059 announcedShareholders will receive a dividend of AU$0.059. Ex-date: 23rd August 2024 Payment date: 16th September 2024 Dividend yield will be 5.3%, which is lower than the industry average of 5.7%.
공시 • Aug 22Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited for AUD 420 million.Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited for AUD 420 million on August 19, 2024. The transaction is being funded by a mix of existing debt facilities and asset divestment proceeds. For the period ending December 31, 2023, Lakeside Joondalup Shopping City reported total revenue of AUD 800 million. Simon Rooney of CBRE brokered the transaction. Vicinity Centres (ASX:VCX) completed the acquisition of 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited on August 19, 2024.
Reported Earnings • Aug 20Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: AU$0.12 (up from AU$0.06 in FY 2023). Revenue: AU$1.33b (up 7.8% from FY 2023). Net income: AU$547.1m (up 101% from FY 2023). Profit margin: 41% (up from 22% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is expected to decline by 6.2% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in Australia are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
공시 • Apr 24Vicinity Centres to Report First Half, 2025 Results on Feb 18, 2025Vicinity Centres announced that they will report first half, 2025 results on Feb 18, 2025
Declared Dividend • Feb 18First half dividend increased to AU$0.059Dividend of AU$0.059 is 1.7% higher than last year. Ex-date: 20th February 2024 Payment date: 7th March 2024 Dividend yield will be 5.9%, which is about the same as the industry average.
Buy Or Sell Opportunity • Jan 25Now 20% undervaluedOver the last 90 days, the stock has risen 14% to AU$1.95. The fair value is estimated to be AU$2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 1.8% per annum. Earnings are forecast to grow by 15% per annum over the same time period.
Buying Opportunity • Jan 18Now 21% undervaluedOver the last 90 days, the stock is up 10.0%. The fair value is estimated to be AU$2.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.9% per annum. Earnings is forecast to grow by 15% per annum over the same time period.
공시 • Nov 01Vicinity Centres, Annual General Meeting, Oct 29, 2024Vicinity Centres, Annual General Meeting, Oct 29, 2024.
공시 • Sep 27Vicinity Centres to Report Fiscal Year 2024 Results on Aug 20, 2024Vicinity Centres announced that they will report fiscal year 2024 results on Aug 20, 2024
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 101% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin).
Reported Earnings • Aug 17Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: FFO per share: AU$0.1 (up from AU$0.13 in FY 2022). Revenue: AU$1.23b (up 2.7% from FY 2022). Funds from operations (FFO): AU$684.8m (up 14% from FY 2022). FFO margin: 56% (up from 50% in FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 60%. Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
공시 • Aug 16Vicinity Centres to Report First Half, 2024 Results on Feb 15, 2024Vicinity Centres announced that they will report first half, 2024 results on Feb 15, 2024
공시 • Jun 02Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres (ASX:VCX) for approximately AUD 130 million.Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres (ASX:VCX) for approximately AUD 130 million on June 1, 2023. Vicinity will continue to provide centre management and leasing services at Broadmeadows Central. The sale is expected to settle on 30 June 2023.
Board Change • Mar 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. MD, CEO & Director Peter Huddle was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 16First half 2023 earnings released: FFO per share: AU$0.08 (vs AU$0.063 in 1H 2022)First half 2023 results: FFO per share: AU$0.08 (up from AU$0.063 in 1H 2022). Revenue: AU$628.2m (up 4.9% from 1H 2022). Funds from operations (FFO): AU$357.1m (up 24% from 1H 2022). FFO margin: 57% (up from 48% in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Feb 15Vicinity 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, 2023Vicinity Centres announced dividend of AUD 0.05750000 per security on VCX - Fully Paid Ordinary/Units Stapled Securities for the financial reporting or payment period ended 31 December 2022. Ex date on February 20, 2023. Record date on February 21, 2023. Payment date on March 7, 2023.
공시 • Feb 09Vicinity Centres, Annual General Meeting, Nov 01, 2023Vicinity Centres, Annual General Meeting, Nov 01, 2023.
공시 • Feb 03Vicinity Centres Appoints Peter Charles Huddle to the BoardVicinity Centres appointed Peter Charles Huddle to the board. Date of appointment: 1 February 2023.
공시 • Feb 01Vicinity Centres to Report Fiscal Year 2023 Results on Aug 16, 2023Vicinity Centres announced that they will report fiscal year 2023 results on Aug 16, 2023
공시 • Jan 31+ 1 more updateVicinity Centres Appoints Peter Huddle as Managing Director, Effective 1 February 2023Vicinity Centres announced the appointment of Mr. Peter Huddle as Managing Director following the completion of a global search. Mr. Huddle's appointment is effective on 1 February 2023. Mr. Huddle, who has been Acting Chief Executive Officer for Vicinity since 16 November 2022, joined the Company as Chief Operating Officer (`COO') in March 2019, reporting to the CEO. Since joining Vicinity, Mr. Huddle has brought his strategic vision and global experience in creating market leading, retail-led destinations. Importantly, Mr. Huddle has been instrumental in building organizational capability and a cohesive, integrated and customer-focused Operations team, comprising Property Management, Leasing, Operations, Development, and Marketing. As COO throughout the pandemic, Mr. Huddle was instrumental in leading Vicinity's operational response, and at the same time, ensuring the Company was well positioned to recover and deliver its long-term growth priorities. Prior to joining Vicinity, Mr. Huddle had a long and distinguished career at Westfield in a variety of leadership roles in Australia, Brazil, and the US. Notably, Mr. Huddle had management responsibility for some of the world's preeminent retail and mixed-use development projects including Westfield World Trade Centre in New York and Century City in Los Angeles. Following the acquisition of Westfield by Unibail-Rodamco in June 2018, which formed the largest global retail REIT, Mr. Huddle was appointed COO of the US business. In this role, Mr. Huddle led all real estate activities including Development, Design, Construction, Management, Leasing, and Asset Management. He was also a member of the URW Global Management Board.
공시 • Dec 02Vicinity Centres Announces the Cessation of Grant Lewis Kelley as DirectorVicinity Centres announced the cessation of Grant Lewis Kelley as director, effective 16 November 2022.
공시 • Nov 16Vicinity Centres Announces Director AppointmentsVicinity Centres announced ELECTION OF MS TIFFANY FULLER; MR MICHAEL HAWKER AM; MR DION WERBELOFF; MS GEORGINA LYNCH and MR TREVOR GERBER AS A DIRECTOR OF THE COMPANY.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Non-Executive Director Clive Appleton was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Nov 15Vicinity Centres Appoints Peter Huddle as Acting Chief Executive OfficerVicinity Centres announced that its Chief Operating Officer, Peter Huddle has been appointed Acting Chief Executive Officer. Mr. Huddle's appointment will be effective from the conclusion of Vicinity's 2022 Annual General Meeting. Vicinity is in the process of appointing executive search firm, Egon Zehnder to undertake a global search for the replacement of outgoing CEO, Mr. Grant Kelley. As noted previously, the search will comprise both internal and external candidates from Australia and internationally. Prior to joining Vicinity, Mr. Huddle had a long and distinguished career at Westfield in a variety of leadership roles in Australia, Brazil and the US. Notably, Mr. Huddle had management responsibility for some of the world's preeminent retail and mixed development projects including Westfield World Trade Centre in New York and Century City in Los Angeles. Following the acquisition of Westfield by Unibail Rodamco, which formed the largest global retail REIT in June 2018, Mr. Huddle was appointed COO of the extensive operations and development business in the United States and was the only ex-Westfield executive on the management board. Since joining Vicinity in March 2019, Mr. Huddle has been instrumental in bringing the Company's Property Management, Leasing, Operations, Development, and Marketing functions together and delivering a highly cohesive, integrated and customer-focused team.
공시 • Oct 31+ 1 more updateCEO, Grant Kelley to Retire from Vicinity Centres by 30 June 2023Vicinity Centres announced the retirement plan of its CEO and Managing Director, Mr. Grant Kelley. After more than five years in the role, Mr. Kelley will retire from Vicinity by 30 June 2023, to facilitate a smooth and coordinated transition to his successor.
공시 • Oct 28Vicinity Centres to Report Q2, 2023 Results on Feb 14, 2023Vicinity Centres announced that they will report Q2, 2023 results on Feb 14, 2023
Recent Insider Transactions Derivative • Sep 23CEO, MD & Director exercised options to buy AU$144k worth of stock.On the 14th of September, Grant Lewis Kelley exercised options to buy 84k shares at a strike price of around AU$1.66, costing a total of AU$140k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since September 2021, Grant Lewis has owned 561.84k shares directly. This was the only transaction from an insider over the last 12 months.
공시 • Sep 07Vicinity Centres Announces Board ChangesVicinity Centres announced that Dr. David Thurin AM has decided to step down from the Board on 15 November 2022 to focus on his otherbusiness commitments having served on the Vicinity Board as a representative of The Gandel Group since 2015, and previously on the board of predecessor entity, Novion Property Group (formerly, CFS Retail Property Group) since 2014. As previously announced on 26 May 2022, Ms Karen Penrose will depart the Vicinity Board on 15 September 2022. Ms Tiffany Fuller and Mr. Michael Hawker AM have been nominated to join the Vicinity Board as independent non-executive Directors. Ms Fuller's executive experience spans investment banking, private equity and corporate advisory acrossseveral sectors including retail, technology, financial services, infrastructure and resources. Ms Fuller is a qualified Chartered Accountant and brings considerable experience from her career as a non-executive Director across both listed and unlisted organizations including Computershare Limited, Washington H. Soul Pattinson and Co. Limited and Australian Venue Co. Mr. Hawker had an extensive executive career in financial services and insurance and is a proven leader of large organisations, having been Managing Director and Chief Executive Officer (`CEO') of Insurance Australia Group for seven years following a distinguished career with Westpac Banking Corporation (`Westpac') and Citibank Limited (Australia). Mr. Hawker currently serves on the boards of Westpac, Washington H. Soul Pattinson and Co. Limited, Allianz Australia, BUPA Global and BUPA Australia and has previously held a number of non-executive director roles with other prominent Australian and global companies. The Gandel Group's CEO, Mr. Dion Werbeloff, has been nominated to replace Dr. Thurin as a non-executive Director and Gandel Group representative. In addition to his eight years at The Gandel Group, three spent as CEO, Mr. Werbeloff brings extensive experience across property and investment banking, notably in mergers and acquisitions and corporate finance at Goldman Sachs, and has worked in Australia and United States.
Reported Earnings • Aug 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: FFO per share: AU$0.1 (up from AU$0.12 in FY 2021). Revenue: AU$1.20b (up 5.6% from FY 2021). Funds from operations (FFO): AU$598.3m (up 7.1% from FY 2021). FFO margin: 50% (in line with FY 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 89%. Over the next year, revenue is expected to shrink by 26% compared to a 13% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Aug 17Vicinity Centres Declares Final Distribution, Payable on 12 September 2022Vicinity Centres declared a final distribution of 5.7 cents per security, bringing the total FY22 distribution to 10.4 cents per security and representing a payout of 95.3% of Adjusted FFO (AFFO); within Vicinity's distribution payout range of 95%-100% of AFFO. change in distribution record date. With the change in record date from 30 June 2021 (for FY21) to 23 August 2022 (for FY22), there is no distribution payable as at 30 June 2022 (30 Jun 21: $300.4 million). The distribution for the six months to 30 June 2022 is expected to be paid on 12 September 2022.
공시 • May 27Vicinity Centres Announces Resignation of Karen Penrose as Director, Effective from September 15, 2022Vicinity Centres announced that Ms Karen Penrose intends to resign from Vicinity's Board (comprising the Boards of Vicinity Limited and Vicinity Centres RE Ltd. as responsible entity of Vicinity Centres Trust). Ms Penrose will remain on the Board until after Vicinity's FY22 result announcement on 17 August 2022, with her resignation to take effect on 15 September 2022. Ms. Penrose has been a Non-Executive Director at Vicinity since its formation in 2015, having previously served on the board of predecessor entity, Novion Property Group (formerly, CFS Retail Property Group) since 2014.
Price Target Changed • Apr 27Price target increased to AU$1.96Up from AU$1.80, the current price target is an average from 9 analysts. New target price is 5.6% above last closing price of AU$1.86. Stock is up 15% over the past year. The company is forecast to post earnings per share of AU$0.17 next year compared to a net loss per share of AU$0.057 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Non-Executive Director Clive Appleton was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Mar 16Price target increased to AU$1.96Up from AU$1.80, the current price target is an average from 9 analysts. New target price is 8.5% above last closing price of AU$1.81. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of AU$0.17 next year compared to a net loss per share of AU$0.057 last year.
Board Change • Mar 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non Executive Director Mark Bloom was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Feb 16Vicinity Centres Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 8, 2022Vicinity Centres announced dividend of AUD 0.04700000 per security on VCX - Ordinary/Units Fully Paid Stapled Securities for the six months ended December 31, 2021. Ex date on February 21, 2022. Record date on February 22, 2022. Payment date on March 8, 2022.
Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Non Executive Director Mark Bloom was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 22Full year 2021 earnings released: FFO AU$0.12 per share (vs AU$0.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.14b (up 3.9% from FY 2020). Funds from operations (FFO): AU$558.8m (up 7.4% from FY 2020). FFO margin: 49% (up from 48% in FY 2020). Net asset value (NAV) per share: AU$2.17 (down 6.9% from FY 2020). The current share price is 27% lower than NAV per share. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Executive Departure • Jul 14Chief Financial Officer Nicholas Schiffer has left the companyOn the 1st of July, Nicholas Schiffer's tenure as Chief Financial Officer ended after 1.8 years in the role. We don't have any record of a personal shareholding under Nicholas' name. Nicholas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.50 years.
공시 • Feb 18Vicinity Centres Announces Not to Provide Earnings Guidance for the Full Year of 2021Vicinity Centres announced that Despite the improvement in trading conditions there remains uncertainty due to the pandemic and as such full year earnings and distribution guidance for fiscal year 2021 will not be provided at this time.
공시 • Feb 17+ 1 more updateVicinity Centres, Annual General Meeting, Nov 10, 2021Vicinity Centres, Annual General Meeting, Nov 10, 2021.
공시 • Dec 15Vicinity Centres to Report First Half, 2021 Results on Feb 17, 2021Vicinity Centres announced that they will report first half, 2021 results on Feb 17, 2021
Is New 90 Day High Low • Dec 07New 90-day high: AU$1.76The company is up 23% from its price of AU$1.43 on 08 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.27 per share.
Is New 90 Day High Low • Oct 29New 90-day low: AU$1.24The company is down 5.0% from its price of AU$1.31 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.42 per share.
Is New 90 Day High Low • Oct 05New 90-day high: AU$1.45The company is up 6.0% from its price of AU$1.37 on 07 July 2020. The Australian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$2.42 per share.
공시 • Aug 20Vicinity Centres (ASX:VCX) acquired Galleria Shopping Centre.Vicinity Centres (ASX:VCX) acquired Galleria Shopping Centre in 2003. Vicinity Centres (ASX:VCX) completed the acquisition of Galleria Shopping Centre in 2003.
공시 • Aug 19An unknown buyer acquired three non-core assets from Vicinity Centres (ASX:VCX) for approximately AUD 230 million.An unknown buyer acquired three non-core assets from Vicinity Centres (ASX:VCX) for approximately AUD 230 million on February 19, 2020. An unknown buyer completed the acquisition of three non-core assets from Vicinity Centres (ASX:VCX) on February 19, 2020.
공시 • Jul 30Vicinity Centres (ASX:VCX) completed the acquisition of 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd.Vicinity Centres (ASX:VCX) agreed to acquire 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd. for AUD 67.8 million on December 23, 2019. MAB Corporation Pty Ltd. will retain a 50% interest in the asset. The acquisition is subject to ACCC approval, with settlement expected in the second quarter of 2020. Vicinity Centres (ASX:VCX) completed the acquisition of 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd. on April 6, 2020.
공시 • Jul 08Vicinity Centres has completed a Follow-on Equity Offering in the amount of AUD 33.448 million.Vicinity Centres has completed a Follow-on Equity Offering in the amount of AUD 33.448 million. Security Name: Units Stapled Securities Security Type: Common Stock Securities Offered: 22,600,000 Price\Range: AUD 1.48
