SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP RE LIMITED (SCP)
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SCP - SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP RE LIMITED

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Index: ASX200 | ASX300 | ALL-ORDS

Shopping Centres Australasia is a managed real estate investment trust with a portfolio of shopping centres and freestanding retail assets focussed on convenience retailing. It was created and listed in 2012.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.77

24 Sep
2021

-0.080

OPEN

$2.83

-2.81%

HIGH

$2.85

2,755,414

LOW

$2.77

TARGET
$2.676 -3.4% downside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
SCP: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 43.0 16.2 xxx
DPS (cps) xxx 12.4 14.2 xxx
EPS Growth xxx 100.0% - 62.3% xxx
DPS Growth xxx - 0.8% 14.2% xxx
PE Ratio xxx N/A 17.1 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 28.9% 87.5% xxx

Dividend yield today if purchased 3 years ago: 5.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.48

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: 29/06 - 6.7c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx43.0
DPS All xxxxxxxxxxxxxxx12.4
Sales/Revenue xxxxxxxxxxxxxxx329.7 M
Book Value Per Share xxxxxxxxxxxxxxx252.3
Net Operating Cash Flow xxxxxxxxxxxxxxx145.0 M
Net Profit Margin xxxxxxxxxxxxxxx140.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx11.87 %
Return on Equity xxxxxxxxxxxxxxx18.16 %
Return on Total Capital xxxxxxxxxxxxxxx3.88 %
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx30.0 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

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

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

18/08/2021

3

Hold

$2.70

-2.53%

SCA Property's 12.9% year on year increase in funds from operations beat both the broker and guidance, thanks to minimal covid-related expense in the second half. The full year dividend was down -0.8% on FY20.

No guidance provided due to lockdown uncertainty, with the broker noting lockdowns in Victoria and NSW will be an earnings headwind, particularly in the first half of FY22, with an estimated -$1.0m per month impact from rent waivers.

The REIT nevertheless offers a defensive portfolio, with anchor tenants representing 48% of income, occupancy at 97.4%, 4.6% sales growth and specialty costs declining to 8.6%, argues the broker. Hold retained, target rises to $2.70 from $2.60.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 14.00 cents and EPS of 16.00 cents.
Ord Minnett forecasts a full year FY23 dividend of 15.00 cents and EPS of 17.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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SCP STOCK CHART