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Shopping Centres Australasia Property Group RE Ltd. ( (AU:RGN) ) has issued an announcement.
Region Group reported a net profit of $81.8 million for the six months ending December 31, 2024, marking a significant turnaround from a loss of $35.0 million in the previous year, representing an increase of 333.7%. The company’s revenue saw a modest increase of 0.9% to $191.9 million. Despite this positive performance, the net tangible assets per security slightly decreased by 1.2%. The interim distribution per security remained stable, and the Distribution Reinvestment Plan was suspended for the reported period.
More about Shopping Centres Australasia Property Group RE Ltd.
Region Group operates in the real estate investment industry, primarily focusing on retail property management. The company comprises stapled securities in two trusts, Region Management Trust and Region Retail Trust, which are managed by Region RE Limited. Their market focus is centered on retail properties, including interests in shopping centers.
YTD Price Performance: 3.33%
Average Trading Volume: 147
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.59B
Find detailed analytics on RGN stock on TipRanks’ Stock Analysis page.
