Vicinity Centres Future Growth

Future criteria checks 1/6

Vicinity Centres's revenue is forecast to decline at 7.3% per annum while its annual earnings are expected to grow at 6.3% per year. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 6.4% in 3 years.

Key information

6.3%

Earnings growth rate

6.1%

EPS growth rate

Retail REITs earnings growth	17.0%
Revenue growth rate	-7.3%
Future return on equity	6.4%
Analyst coverage	Good
Last updated	29 Oct 2024

Recent future growth updates

Recent updates

How Much Does Vicinity Centres' (ASX:VCX) CEO Make?

Jan 11

Are Insiders Buying Vicinity Centres (ASX:VCX) Stock?

Dec 15

What Type Of Returns Would Vicinity Centres'(ASX:VCX) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Aug 06

Earnings and Revenue Growth Forecasts

ASX:VCX - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	1,069	740	615	729	4
6/30/2026	997	702	531	689	5
6/30/2025	959	663	541	646	6
6/30/2024	1,312	547	690	690	N/A
3/31/2024	1,278	433	682	683	N/A
12/31/2023	1,245	319	672	672	N/A
9/30/2023	1,238	295	686	687	N/A
6/30/2023	1,231	272	705	706	N/A
3/31/2023	1,229	506	693	694	N/A
12/31/2022	1,228	741	680	682	N/A
9/30/2022	1,213	978	634	636	N/A
6/30/2022	1,198	1,215	588	590	N/A
3/31/2022	1,191	1,001	583	585	N/A
12/31/2021	1,183	786	578	580	N/A
9/30/2021	1,159	264	612	613	N/A
6/30/2021	1,135	-258	646	647	N/A
3/31/2021	1,071	-1,348	549	550	N/A
12/31/2020	1,007	-2,438	452	453	N/A
9/30/2020	1,049	-2,119	462	463	N/A
6/30/2020	1,092	-1,801	471	472	N/A
3/31/2020	1,179	-724	559	560	N/A
12/31/2019	1,266	354	646	648	N/A
9/30/2019	1,286	350	653	655	N/A
6/30/2019	1,306	346	661	662	N/A
3/31/2019	1,337	522	685	688	N/A
12/31/2018	1,369	698	710	713	N/A
9/30/2018	1,365	958	705	710	N/A
6/30/2018	1,362	1,219	701	706	N/A
3/31/2018	1,356	1,325	N/A	712	N/A
12/31/2017	1,349	1,431	N/A	718	N/A
9/30/2017	1,340	1,507	N/A	725	N/A
6/30/2017	1,330	1,584	N/A	731	N/A
3/31/2017	1,320	1,514	N/A	727	N/A
12/31/2016	1,311	1,445	N/A	722	N/A
9/30/2016	1,323	1,203	N/A	732	N/A
6/30/2016	1,336	961	N/A	742	N/A
3/31/2016	1,235	824	N/A	663	N/A
12/31/2015	1,134	687	N/A	584	N/A
9/30/2015	1,001	681	N/A	501	N/A
6/30/2015	869	675	N/A	418	N/A
3/31/2015	835	650	N/A	422	N/A
12/31/2014	802	625	N/A	427	N/A
9/30/2014	783	512	N/A	403	N/A
6/30/2014	765	400	N/A	379	N/A
3/31/2014	753	378	N/A	365	N/A
12/31/2013	742	357	N/A	351	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VCX's forecast earnings growth (6.3% per year) is above the savings rate (2.6%).

Earnings vs Market: VCX's earnings (6.3% per year) are forecast to grow slower than the Australian market (12.4% per year).

High Growth Earnings: VCX's earnings are forecast to grow, but not significantly.

Revenue vs Market: VCX's revenue is expected to decline over the next 3 years (-7.3% per year).

High Growth Revenue: VCX's revenue is forecast to decline over the next 3 years (-7.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VCX's Return on Equity is forecast to be low in 3 years time (6.4%).

Vicinity Centres Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased to AU$1.96

Price target increased to AU$1.96

Vicinity Centres Announces Not to Provide Earnings Guidance for the Full Year of 2021

Price target lowered to AU$1.48

Recent updates

Vicinity Centres to Report Fiscal Year 2025 Results on Aug 20, 2025

Now 23% undervalued

Vicinity Centres Announces Retirement of Clive Appleton from the Board, Effective 29 October 2024

Vicinity Centres Declares Distribution for the Six-Month Ended June 30, 2024, Payable on September 16, 2024

Final dividend of AU$0.059 announced

Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City from Lend Lease Real Estate Investments Limited for AUD 420 million.

Full year 2024 earnings: EPS misses analyst expectations

Vicinity Centres (ASX:VCX) acquired 50% stake in Lakeside Joondalup Shopping City for AUD 420 million.

Vicinity Centres to Report First Half, 2025 Results on Feb 18, 2025

First half dividend increased to AU$0.059

Now 20% undervalued

Now 21% undervalued

Vicinity Centres, Annual General Meeting, Oct 29, 2024

Vicinity Centres to Report Fiscal Year 2024 Results on Aug 20, 2024

New minor risk - Profit margin trend

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Vicinity Centres to Report First Half, 2024 Results on Feb 15, 2024

Nikos Property Group Pty Ltd. agreed to acquire 50% stake in Broadmeadows Central from Vicinity Centres (ASX:VCX) for approximately AUD 130 million.

High number of new directors

First half 2023 earnings released: FFO per share: AU$0.08 (vs AU$0.063 in 1H 2022)

Vicinity Centres Announces Dividend on VCX- Fully Paid Ordinary/Units Stapled Securities for the Financial Reporting or Payment Period Ended 31 December 2022, Payable on March 7, 2023

Vicinity Centres, Annual General Meeting, Nov 01, 2023

Vicinity Centres Appoints Peter Charles Huddle to the Board

Vicinity Centres to Report Fiscal Year 2023 Results on Aug 16, 2023

Vicinity Centres Appoints Peter Huddle as Managing Director, Effective 1 February 2023

Vicinity Centres Announces the Cessation of Grant Lewis Kelley as Director

Vicinity Centres Announces Director Appointments

Insufficient new directors

Vicinity Centres Appoints Peter Huddle as Acting Chief Executive Officer

CEO, Grant Kelley to Retire from Vicinity Centres by 30 June 2023

Vicinity Centres to Report Q2, 2023 Results on Feb 14, 2023

CEO, MD & Director exercised options to buy AU$144k worth of stock.

Vicinity Centres Announces Board Changes

Vicinity Centres Announces Board Changes

Vicinity Centres Announces Board Changes

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Vicinity Centres Declares Final Distribution, Payable on 12 September 2022

Vicinity Centres Announces Resignation of Karen Penrose as Director, Effective from September 15, 2022

Price target increased to AU$1.96

Insufficient new directors

Price target increased to AU$1.96

Insufficient new directors

Vicinity Centres Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 8, 2022

Insufficient new directors

Full year 2021 earnings released: FFO AU$0.12 per share (vs AU$0.14 in FY 2020)

Chief Financial Officer Nicholas Schiffer has left the company

Vicinity Centres Announces Not to Provide Earnings Guidance for the Full Year of 2021

Vicinity Centres, Annual General Meeting, Nov 10, 2021

How Much Does Vicinity Centres' (ASX:VCX) CEO Make?

Are Insiders Buying Vicinity Centres (ASX:VCX) Stock?

Vicinity Centres to Report First Half, 2021 Results on Feb 17, 2021

New 90-day high: AU$1.76

New 90-day low: AU$1.24

Vicinity Reportedly Added to Suitors for AMP Property Units

New 90-day high: AU$1.45

Riverside Plaza Syndicate fund of Elanor Investors Group (ASX:ENN) acquired Riverside Plaza in Queanbeyan from Vicinity Centres (ASX:VCX) for AUD 60 million.

Independent Chairman of the Board recently bought AU$68k worth of stock

Independent Chairman of the Board recently bought AU$68k worth of stock

New 90-day low - AU$1.26

Full year earnings released - FFO AU$0.14 per share

Vicinity Centres (ASX:VCX) acquired Galleria Shopping Centre.

Price target lowered to AU$1.48

An unknown buyer acquired three non-core assets from Vicinity Centres (ASX:VCX) for approximately AUD 230 million.

What Type Of Returns Would Vicinity Centres'(ASX:VCX) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?

Vicinity Centres (ASX:VCX) completed the acquisition of 50% interest in Uni Hill Factory Outlets from MAB Corporation Pty Ltd.

Vicinity Centres has completed a Follow-on Equity Offering in the amount of AUD 33.448 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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