Vicinity Centres Past Earnings Performance
Past criteria checks 1/6
Vicinity Centres has been growing earnings at an average annual rate of 22%, while the Retail REITs industry saw earnings growing at 10.6% annually. Revenues have been declining at an average rate of 0.8% per year. Vicinity Centres's return on equity is 3%, and it has net margins of 25.6%.
Key information
22.0%
Earnings growth rate
20.2%
EPS growth rate
| Retail REITs Industry Growth | 18.8% |
| Revenue growth rate | -0.8% |
| Return on equity | 3.0% |
| Net Margin | 25.6% |
| Next Earnings Update | 20 Aug 2024 |
Revenue & Expenses BreakdownBeta
How Vicinity Centres makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,245 | 319 | 106 | 0 |
| 30 Sep 23 | 1,238 | 295 | 98 | 0 |
| 30 Jun 23 | 1,231 | 272 | 89 | 0 |
| 31 Mar 23 | 1,229 | 506 | 81 | 0 |
| 31 Dec 22 | 1,228 | 741 | 72 | 0 |
| 30 Sep 22 | 1,213 | 978 | 96 | 0 |
| 30 Jun 22 | 1,198 | 1,215 | 119 | 0 |
| 31 Mar 22 | 1,191 | 1,001 | 135 | 0 |
| 31 Dec 21 | 1,183 | 786 | 151 | 0 |
| 30 Sep 21 | 1,159 | 264 | 168 | 0 |
| 30 Jun 21 | 1,135 | -258 | 186 | 0 |
| 31 Mar 21 | 1,071 | -1,348 | 245 | 0 |
| 31 Dec 20 | 1,007 | -2,438 | 303 | 0 |
| 30 Sep 20 | 1,049 | -2,119 | 267 | 0 |
| 30 Jun 20 | 1,092 | -1,801 | 231 | 0 |
| 31 Mar 20 | 1,179 | -724 | 163 | 0 |
| 31 Dec 19 | 1,266 | 354 | 96 | 0 |
| 30 Sep 19 | 1,286 | 350 | 98 | 0 |
| 30 Jun 19 | 1,306 | 346 | 100 | 0 |
| 31 Mar 19 | 1,337 | 522 | 101 | 0 |
| 31 Dec 18 | 1,369 | 698 | 102 | 0 |
| 30 Sep 18 | 1,365 | 958 | 100 | 0 |
| 30 Jun 18 | 1,362 | 1,219 | 98 | 0 |
| 31 Mar 18 | 1,356 | 1,325 | 98 | 0 |
| 31 Dec 17 | 1,349 | 1,431 | 98 | 0 |
| 30 Sep 17 | 1,340 | 1,507 | 99 | 0 |
| 30 Jun 17 | 1,330 | 1,584 | 99 | 0 |
| 31 Mar 17 | 1,320 | 1,514 | 99 | 0 |
| 31 Dec 16 | 1,311 | 1,445 | 99 | 0 |
| 30 Sep 16 | 1,323 | 1,203 | 103 | 0 |
| 30 Jun 16 | 1,336 | 961 | 107 | 0 |
| 31 Mar 16 | 1,235 | 824 | 103 | 0 |
| 31 Dec 15 | 1,134 | 687 | 99 | 0 |
| 30 Sep 15 | 1,001 | 681 | 88 | 0 |
| 30 Jun 15 | 869 | 675 | 77 | 0 |
| 31 Mar 15 | 835 | 650 | 69 | 0 |
| 31 Dec 14 | 802 | 625 | 62 | 0 |
| 30 Sep 14 | 783 | 512 | 58 | 0 |
| 30 Jun 14 | 765 | 400 | 55 | 0 |
| 31 Mar 14 | 753 | 378 | 54 | 0 |
| 31 Dec 13 | 742 | 357 | 54 | 0 |
| 30 Sep 13 | 741 | 326 | 51 | 0 |
| 30 Jun 13 | 740 | 295 | 47 | 0 |
Quality Earnings: VCX has a large one-off loss of A$215.2M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: VCX's current net profit margins (25.6%) are lower than last year (60.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VCX's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: VCX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VCX had negative earnings growth (-57%) over the past year, making it difficult to compare to the Retail REITs industry average (-2.9%).
Return on Equity
High ROE: VCX's Return on Equity (3%) is considered low.