Vicinity Centres

ASX:VCX Stock Report

Market Cap: AU$11.9b

Vicinity Centres Management

Management criteria checks 4/4

Vicinity Centres' CEO is Peter Huddle, appointed in Nov 2022, has a tenure of 3.5 years. total yearly compensation is A$4.49M, comprised of 32.8% salary and 67.2% bonuses, including company stock and options. directly owns 0.048% of the company’s shares, worth A$5.67M. The average tenure of the management team and the board of directors is 4.2 years and 3.5 years respectively.

Key information

Peter Huddle

Chief executive officer

AU$4.5m

Total compensation

CEO salary percentage32.75%
CEO tenure3.5yrs
CEO ownership0.05%
Management average tenure4.2yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

Narrative Update • Apr 03

VCX: Balance Sheet Strength And Inorganic Optionality Will Support Cautious Fair Value Outlook

Analysts 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.
Narrative Update • Mar 20

VCX: Balance Sheet Strength And Inorganic Options Will Underpin Cautious Fair Value Outlook

Analysts 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.
Narrative Update • Mar 05

VCX: Balance Sheet Strength And Inorganic Optionality Will Shape Fairly Valued Outlook

Narrative 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.
Narrative Update • Feb 18

VCX: Balance Sheet Strength And Inorganic Optionality Will Support Larger Destinations Focus

Narrative 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.
Narrative Update • Nov 27

VCX: Divestment Of Smaller Malls Will Support Focus On Larger Destinations

Analysts 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.
Narrative Update • Nov 12

VCX: Divestment Of Smaller Malls Will Refocus Capital Allocation

Analysts 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).
Narrative Update • Aug 21

E-Commerce Headwinds Will Dismantle Overpriced Retail Projections

Vicinity 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.
User avatar
New Narrative • Feb 09

Chadstone 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.

CEO Compensation Analysis

How has Peter Huddle's remuneration changed compared to Vicinity Centres's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

AU$1b

Sep 30 2025n/an/a

AU$1b

Jun 30 2025AU$4mAU$1m

AU$1b

Mar 31 2025n/an/a

AU$910m

Dec 31 2024n/an/a

AU$816m

Sep 30 2024n/an/a

AU$682m

Jun 30 2024AU$4mAU$1m

AU$547m

Mar 31 2024n/an/a

AU$433m

Dec 31 2023n/an/a

AU$319m

Sep 30 2023n/an/a

AU$295m

Jun 30 2023AU$3mAU$1m

AU$272m

Mar 31 2023n/an/a

AU$506m

Dec 31 2022n/an/a

AU$741m

Sep 30 2022n/an/a

AU$978m

Jun 30 2022AU$2mAU$1m

AU$1b

Mar 31 2022n/an/a

AU$1b

Dec 31 2021n/an/a

AU$786m

Sep 30 2021n/an/a

AU$264m

Jun 30 2021AU$2mAU$1m

-AU$258m

Mar 31 2021n/an/a

-AU$1b

Dec 31 2020n/an/a

-AU$2b

Sep 30 2020n/an/a

-AU$2b

Jun 30 2020AU$1mAU$1m

-AU$2b

Mar 31 2020n/an/a

-AU$724m

Dec 31 2019n/an/a

AU$354m

Sep 30 2019n/an/a

AU$350m

Jun 30 2019AU$1mAU$328k

AU$346m

Compensation vs Market: Peter's total compensation ($USD3.20M) is about average for companies of similar size in the Australian market ($USD2.84M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Huddle

3.5yrs
Tenure
AU$4,488,648
Compensation

Mr. Peter Charles Huddle, BSc Econ, holds the position of Chief Executive Officer and Managing Director at Vicinity Centres, having been appointed in February 2023. He served as Acting Chief Executive Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Peter Huddle
CEO & MD3.5yrsAU$4.49m0.048%
A$ 5.7m
Adrian Chye
Chief Financial Officer4.8yrsAU$1.98m0.0093%
A$ 1.1m
Jane Kenny
General Manager of Investor Relationsno datano datano data
Carolyn Reynolds
Chief Legal & Risk Officer10.5yrsno datano data
Tammy Ryder
Chief People Officer1.3yrsno datano data
Michelle McNally
Group Director of Customer & Asset Management1.2yrsno datano data
Matt Parker
Group Director of Leasingno datano datano data
Jeheon Son
Group Director of Development & Government Relationsno datano datano data
Rohan Abeyewardene
Group Company Secretary8.3yrsno datano data
4.2yrs
Average Tenure

Experienced Management: VCX's management team is considered experienced (4.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Peter Huddle
CEO & MD3.3yrsAU$4.49m0.048%
A$ 5.7m
Timothy Edward Hammon
Independent Non-Executive Director14.4yrsAU$245.10k0.0014%
A$ 164.6k
Tiffany Fuller
Independent Non-Executive Director3.5yrsAU$245.10k0.0012%
A$ 141.9k
Trevor Gerber
Independent Non-Executive Chairman of the Board10.9yrsAU$503.50k0.0048%
A$ 567.7k
Angus McNaughton
Non-Executive Director1.6yrsAU$122.26kno data
Peter Kahan
Independent Non Executive Director10.9yrsAU$245.10k0.00094%
A$ 112.1k
Georgina Lynch
Independent Non Executive Director3.5yrsAU$223.80k0.0018%
A$ 215.9k
Janette Kendall
Independent Non-Executive Director8.4yrsAU$223.80k0.0014%
A$ 162.2k
Dion Werbeloff
Non-Executive Director3.5yrsAU$202.50kno data
3.5yrs
Average Tenure
67yo
Average Age

Experienced Board: VCX's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/23 10:25
End of Day Share Price 2026/05/22 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vicinity Centres is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited
Simon GaringBell Potter