Region Group Delivers Strong FY24 Financial Performance
Company Announcements

Region Group Delivers Strong FY24 Financial Performance

Shopping Centres Australasia Property Group RE Ltd. (AU:RGN) has released an update.

Shopping Centres Australasia Property Group RE Ltd. has reported a solid FY24 with a net profit after tax of $17.3 million, FFO of 15.4 cents per security, and an improved portfolio occupancy rate from 97.8% to 98.1%. The company has made significant moves in funds management, property acquisition, and capital recycling, alongside a strong outlook for FY25 with targeted comparable NOI growth of 3% and a stable distribution payout ratio. These achievements underscore the company’s commitment to delivering resilient cashflows and long-term distribution growth to its security holders.

For further insights into AU:RGN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskRegion Group AGM Results: Resolutions Passed
TipRanks Australian Auto-Generated NewsdeskRegion Group Navigates Economic Challenges
TipRanks Australian Auto-Generated NewsdeskRegion Group Affirms Full Governance Compliance
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App