ASX:SCGRetail REITs
Scentre Group (ASX:SCG) Shares Drift As Revenue Falls Despite Higher FFO
Scentre Group stock closed at A$3.62, leaving short term holders underwhelmed after a soft few weeks that saw the price drift lower. The earnings story looked very different to the screen. Half year funds from operations, the key profit measure for a retail real estate investment trust, reached A$612.4m and supported an increased distribution.
For long term investors the headline was not the daily tick in the share price. It was management lifting full year funds from operations and...