Shopping Centres Australasia Property Group RE Ltd. ( (SCPAF) ) has released its Q4 earnings. Here is a breakdown of the information Shopping Centres Australasia Property Group RE Ltd. presented to its investors.
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Shopping Centres Australasia Property Group RE Ltd., now known as Region Group, is a leading real estate investment trust (REIT) in Australia, specializing in convenience-based retail properties. The company owns and manages a substantial portfolio of retail centers, with a strong focus on non-discretionary retail categories, anchored by major grocery chains such as Woolworths and Coles.
In its FY25 earnings report, Region Group reported a statutory net profit after tax of $212.5 million, supported by positive investment property revaluations. The company achieved modest growth in Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO), with per security figures of 15.5 cents and 13.7 cents, respectively. The distribution per security remained consistent with the previous year, reflecting a payout ratio of 100% of AFFO.
Key financial highlights include a 3.2% growth in comparable net operating income (NOI) and a robust balance sheet with over $5.2 billion in assets under management. The company maintained a strong capital management strategy, with a gearing ratio of 32.5% and a weighted average cost of debt at 4.3%. Region Group also executed an on-market securities buy-back, purchasing 2.2 million securities.
Region Group’s strategic initiatives included the acquisition of Kallo Town Centre and the divestment of non-core assets, contributing to a dynamic portfolio management approach. The company also invested significantly in sustainability projects, including solar PV installations, and expanded its funds under management through partnerships with global institutional investors.
Looking ahead, Region Group remains focused on delivering resilient cash flows and long-term distributions to security holders. The company plans to enhance its portfolio through selective acquisitions, reinvestment in existing centers, and continued growth in funds under management, while maintaining a proactive approach to capital management.