Vicinity Centres Reports Strong 3Q FY25 Performance Amid Strategic Growth

Vicinity Centres ( (AU:VCX) ) has shared an announcement.

Vicinity Centres reported a robust third quarter for FY25, driven by strong retailer and shopper confidence. The company highlighted the successful opening of ‘The Market Pavilion’ at Chadstone, stable occupancy rates, and increased retail sales, particularly in specialties and mini majors. Vicinity continues to focus on strategic investments and divestments, maintaining a low proforma gearing of 27.5%, which supports its growth agenda. The company expects its FY25 FFO and AFFO per security to be at the top end of its guidance range, reflecting the strength of its portfolio metrics.

More about Vicinity Centres

Vicinity Centres is one of Australia’s leading retail property groups, managing a portfolio of $24 billion in retail assets across 52 shopping centres, making it the second largest listed manager of Australian retail property. The company operates a Direct Portfolio with interests in 51 shopping centres and manages 24 assets on behalf of Strategic Partners. Vicinity Centres is listed on the Australian Securities Exchange under the code ‘VCX’.

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