Scentre Group sees growth in customer visits and partner sales
Scentre Group (ASX:SCG), the owner and operator of 42 Westfield centres across Australia and New Zealand, has provided an operational update for the year to date.
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Do’s and Don’ts in real estate
The companies that present opportunities and pitfalls in the current real estate sector within Australia.
Read MoreBridge Street Bites: SUN, SCG
From a mixed Thursday ASX trading session, insurance major Suncorp and shopping centre manager Scentre Group each brought an update to the market.
Read MoreLife’s a Mall as Scentre Sees Double-Digit Growth
The solid rebound in bricks and mortar retailing saw Scentre Group, the country’s biggest shopping centre operator, lift its profit by double digits in the six months to June 30.
Read MoreSCG – Macquarie rates the stock as Neutral
The broker observes retail is relatively more defensive as an asset class in cyclical downturns and as a result upgrades to Neutral from Underperform. Target is reduced to $2.79 from $2.85.
Read MoreSCG – Macquarie rates the stock as Underperform
Underperform maintained. Target is $2.85.
Read MoreBourse Discourse: SCG, SGP, WTC
Wednesday was a typically busy day on the ASX, and here’s the latest news from property heavyweights Scentre Group and Stockland, along with logistics software company WiseTech.
Read MoreProfit Briefs: SCG, KGN
As the reporting season winds down, here are snippets from the results announced yesterday by shopping mall owner-operator Scentre Group and online retailer Kogan.com.
Read MoreScentre Cautiously Optimistic of a Turnaround
Following positive results from JB Hi-Fi and Super Retail group, Scenter – the country’s biggest shopping mall owner with 42 – has issued an upbeat quarterly update.
Read MoreBoard Pay the Scentre of Much Contention
Yesterday’s AGM provided a timely reminder for Scentre Group that executive pay can be a hot-button issue for shareholders, especially some big advisors and holders.
Read MoreLate Rental Rebound Can’t Save Scentre
Australia’s biggest retail landlord, Scentre Group couldn’t match the stellar performance of many of its biggest tenants in either the year to December.
Read MoreDividend Yields Expected to Increase in 2021
2020 will always be remembered as the year of COVID-19 and lockdowns: a rollercoaster ride for anyone monitoring their investments, a nightmare scenario for anyone relying on dividend income.
Read MoreWord of the Year – 2021?
Dion Hershan, Head of Australian Equities at Yarra Capital Management, looks at the opportunities that are emerging from a bleak 2020.
Read MoreMall Owner Scentre Eyes Return To Dividends
The financial position of Scentre, the country’s biggest shopping mall operator has improved so much from the depths of the pandemic in the June quarter that it now believes it will be able to resume payouts to security holders early in 2021.
Read MoreSCG – Credit Suisse rates the stock as Outperform
Credit Suisse includes the estimated impact of a $4.1bn hybrid issue. With an average coupon of around 4.94% this represents an estimated spread of around 400 basis points over the bank debt being repaid.
Read MoreSCG – UBS rates the stock as Neutral
UBS assesses Scentre Group’s hybrid notes issuance will solidify its existing credit ratings and increase the buffer to debt covenants. The earnings forecast has been downgraded by circa -10% due to the hybrid issue.
Read MoreRetail Shorts: Mosaic Ends Scentre Standoff, Moody’s Puts Landlord On Notice
Embattled women’s wear retailer Mosaic Group has settled its nasty rental standoff with Australia’s largest retail landlord that saw it locked out of 129 of its stores in Westfield’s malls two weeks ago.
Read MoreCOVID Crushes Scentre Group As Mall Values Sink
As expected Australia’s largest shopping mall owner Scentre Group (owner of the Westfield chain of shopping malls) has reported a massive loss for the six months to June 30 after a savage write down in the value of its centres brought on by COVID-19.
Read MoreScentre Group Follows Peers In Slashing Mall Portfolio Value
Australia’s largest shopping mall group, the Westfield mall owner Scentre Group is looking at a sharp fall in June 30 half-year earnings and will slash the value of its 42 shopping centres across Australia and New Zealand by around 10% or about $3.8 billion thanks to the impact of the COVID-19 pandemic.
Read MoreDo Less Risky Stock Market Exposures Really Exist?
With a sense of raw panic descending on global stock markets, the question is whether there are any truly safe havens in terms of remaining exposed to equities?
Read MoreSCG – UBS rates the stock as Neutral
The company has acquired a 50% share of a shopping centre in Booragoon, Perth for $570m, an acquisition which makes strategic sense to UBS given the quality of the catchment and development potential.
Read MoreScentre Group Takes The First Step
Scentre Group has made its first asset sale of 2019, a first step towards debt reduction.
Read MoreSCG – Deutsche Bank rates the stock as Sell
Scentre Group has sold a 50% interest in Westfield Burwood for $575m, representing a 4% premium to the December 2018 book value.
Read MoreOffice Remains The Key Pick In A-REITs
The outlook for the A-REIT sector is relatively benign, as brokers note portfolio fundamentals are healthy and gearing is generally low.
Read MoreScentre’s Record Euro Loan Deal
Scentre Group (SCG), the former Westfield Retail Trust, has raised more than $3 billion in a European debt deal in one of the largest debt raisings of its kind by an Australian company.
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