Scentre Group
F:59S
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
S
|
Scentre Group
F:59S
|
AU |
|
B
|
Bayerische Motoren Werke AG
LSE:0O0U
|
DE |
|
A
|
Altria Group Inc
XETRA:PHM7
|
US |
|
V
|
Vericel Corp
XMUN:ATQP
|
US |
|
ITC Ltd
NSE:ITC
|
IN |
|
F
|
Fortuna Silver Mines Inc
LSE:0QYM
|
CA |
|
Lintec Corp
TSE:7966
|
JP |
|
D
|
Dechra Pharmaceuticals PLC
SWB:1PK
|
UK |
|
T
|
Tractor Supply Co
XBER:TR4
|
US |
|
Iridium Communications Inc
LSE:0JDO
|
US |
|
Avex Inc
TSE:7860
|
JP |
|
Q
|
Quanta Computer Inc
OTC:QUCCF
|
TW |
|
CNH Industrial NV
MIL:1CNHI
|
UK |
|
U
|
UOB-Kay Hian Holdings Ltd
XBER:4LJ
|
SG |
|
E
|
Enel SpA
F:ENL
|
IT |
|
Sandvik AB
STO:SAND
|
SE |
|
Synopsys Inc
MIL:1SNPS
|
US |
|
MSC Industrial Direct Co Inc
NYSE:MSM
|
US |
|
Logitech International SA
F:LTEC
|
CH |
|
I
|
Installed Building Products Inc
SWB:2IL
|
US |
|
B
|
Biogen Inc
SGO:BIIB
|
US |
|
E
|
Eaton Corporation PLC
F:3EC
|
IE |
|
U
|
United Natural Foods Inc
DUS:UN3
|
US |
|
L
|
L & K Engineering Co Ltd
TWSE:6139
|
TW |
Scentre Group
Scentre Group owns and manages Westfield shopping centres in Australia and New Zealand. It makes money mainly by renting stores and other space to retailers, and it also earns fees from parking, advertising, and services inside its centres. In simple terms, it is a landlord for major shopping destinations, not a retailer itself. Its main customers are the brands and store operators that lease space in its malls, along with the shoppers who visit those centres. The company’s job is to keep its properties busy, attractive, and useful for both sides: retailers want foot traffic and good locations, while shoppers want a place to buy, eat, and spend time. What makes Scentre Group’s business model different is that it sits at the center of the shopping center ecosystem. It owns the physical sites, sets the tenant mix, and helps shape the customer experience, so its income depends on both property quality and retail demand. That gives it a long-term, real-estate-based business tied to the health of consumer spending and store leasing.
Scentre Group owns and manages Westfield shopping centres in Australia and New Zealand. It makes money mainly by renting stores and other space to retailers, and it also earns fees from parking, advertising, and services inside its centres. In simple terms, it is a landlord for major shopping destinations, not a retailer itself.
Its main customers are the brands and store operators that lease space in its malls, along with the shoppers who visit those centres. The company’s job is to keep its properties busy, attractive, and useful for both sides: retailers want foot traffic and good locations, while shoppers want a place to buy, eat, and spend time.
What makes Scentre Group’s business model different is that it sits at the center of the shopping center ecosystem. It owns the physical sites, sets the tenant mix, and helps shape the customer experience, so its income depends on both property quality and retail demand. That gives it a long-term, real-estate-based business tied to the health of consumer spending and store leasing.
Strong Earnings Growth: Scentre Group reported half-year funds from operations (FFO) of $587 million, up 3.2%, with net operating income up 3.7%.
Distribution Upgrades: Full-year distribution guidance was upgraded to $0.1772 per security, representing 3% growth, and second-half distribution guidance was also raised.
Occupancy & Leasing: Portfolio occupancy reached 99.7%, its highest since 2017, with strong demand leading to positive leasing spreads and rent escalations.
Record Sales & Traffic: Business partner sales hit a record $29.3 billion for the 12 months to June 2025, and customer visits rose 3% to 340 million in the first 34 weeks.
Capital Management: The company refinanced subordinated notes at lower margins, executed asset sales, and increased hedge coverage, improving its debt cost structure.
Development Pipeline: A $4 billion development pipeline is progressing, with recent redevelopments driving double-digit increases in visitation.
Guidance Reconfirmed: FFO per security guidance for 2025 was reconfirmed at $0.2275, representing 4.3% growth.
