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Vicinity Centres ( (AU:VCX) ) has provided an update.
Vicinity Centres reported a strong financial performance for FY25, with a statutory net profit after tax of $1,004.6 million and Funds From Operations (FFO) per security at the top end of its guidance range. The company executed its investment strategy by acquiring a 50% stake in Lakeside Joondalup and divesting non-strategic assets at a premium. Key developments included the opening of Chadstone’s Market Pavilion and progress on Chatswood Chase, positioning Vicinity as a leader in premium retail spaces. The company’s strategic decisions and investments are expected to drive sustained income and value growth, supported by strong retail demand and a tightening supply environment.
The most recent analyst rating on (AU:VCX) stock is a Hold with a A$2.40 price target. To see the full list of analyst forecasts on Vicinity Centres stock, see the AU:VCX Stock Forecast page.
More about Vicinity Centres
Vicinity Centres is a prominent player in the retail property industry, focusing on managing and developing premium shopping centers across Australia. The company is known for its strategic investments in high-quality assets and its commitment to enhancing retail experiences, catering to both retailers and consumers.
Average Trading Volume: 9,960,821
Technical Sentiment Signal: Buy
Current Market Cap: A$11.5B
For an in-depth examination of VCX stock, go to TipRanks’ Overview page.