VICINITY CENTRES (VCX)
Share Price Analysis and Chart

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VCX - VICINITY CENTRES

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 5.17
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Vicinity Centres is an Australian Real Estate Investment Trust specialising in ownership and management of Australian shopping centres. With $24bn in retail assets under management across 63 shopping centres, the company is the second largest listed manager of Australian retail property on the ASX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.92

18 Apr
2024

0.035

OPEN

$1.89

1.86%

HIGH

$1.93

7,001,132

LOW

$1.89

TARGET
$1.996 4.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
VCX: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 13.9 xxx
DPS (cps) xxx N/A 11.7 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx N/A 84.1% xxx

Dividend yield today if purchased 3 years ago: 7.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.30

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 20/02 - ex-div 5.85c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx6.0
DPS All xxxxxxxxxxxxxxx12.0
Sales/Revenue xxxxxxxxxxxxxxx1,281.4 M
Book Value Per Share xxxxxxxxxxxxxxx233.7
Net Operating Cash Flow xxxxxxxxxxxxxxx702.2 M
Net Profit Margin xxxxxxxxxxxxxxx21.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx2.52 %
Return on Invested Capital xxxxxxxxxxxxxxx1.83 %
Return on Assets xxxxxxxxxxxxxxx1.74 %
Return on Equity xxxxxxxxxxxxxxx2.52 %
Return on Total Capital xxxxxxxxxxxxxxx5.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-153.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx328 M
Long Term Debt xxxxxxxxxxxxxxx4,133 M
Total Debt xxxxxxxxxxxxxxx4,461 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx193 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx334.7 M
Capex % of Sales xxxxxxxxxxxxxxx26.12 %
Cost of Goods Sold xxxxxxxxxxxxxxx355 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx68 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14,555 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

16/02/2024

3

Neutral

$2.10

9.38%

Vicinity Centres' H1 release has noticeably left Citi analysts with positive vibes, as also illustrated through rising forecasts, with the analysts citing continued strong retail sales, reduced rent from development activity, and firm recovery of rent (once developments are completed).

The analysts highlight their colleagues on the Australian consumer team remain more optimistic as far as bottoming discretionary spend in 2024, to be followed by a strong recovery in 2025.

Citi acknowledges the REIT's current redevelopment program temporarily reduces rent in FY24-FY26 but there should follow strong rental recovery and growth thereafter into FY27.

Target gains 10c to $2.10. Neutral.

FORECAST
Citi forecasts a full year FY24 dividend of 11.60 cents and EPS of 14.50 cents.
Citi forecasts a full year FY25 dividend of 11.70 cents and EPS of 14.20 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

VCX STOCK CHART

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Latest REITs News

1
Australian Listed Real Estate Tables – 15-04-2024

Apr 15 2024 - Weekly Reports
2
Australian Listed Real Estate Tables – 08-04-2024

Apr 08 2024 - Weekly Reports
3
Australian Listed Real Estate Tables – 02-04-2024

Apr 02 2024 - Weekly Reports
4
Weekly Update On LICs & LITs – 26 March 2024

Mar 26 2024 - Weekly Reports
5
Australian Listed Real Estate Tables – 25-03-2024

Mar 25 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 19-03-2024

Mar 19 2024 - Weekly Reports
7
Australian Listed Real Estate Tables – 11-03-2024

Mar 11 2024 - Weekly Reports
8
Australian Listed Real Estate Tables – 04-03-2024

Mar 04 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 27-02-2024

Feb 27 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 12-02-2024

Feb 12 2024 - Weekly Reports