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Scentre Group (STGPF)
OTHER OTC:STGPF
Earnings Data
Report Date
Aug 24, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.11Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: recurring earnings (FFO) grew 4.9% with record visitation, membership growth, near‑100% occupancy, strong business partner sales and substantial liquidity. The group also executed proactive capital management actions that improved margins and funding profiles. Offsetting items include weak project income driven by construction cost overruns, one‑off ECC dynamics, temporary lost rent from redevelopments, and some execution/market timing risks around bond make‑wholes and development delivery. On balance, the strong operational performance, high occupancy, healthy pipeline and improved funding metrics outweigh the noted challenges.Company Guidance
Funds From Operations (FFO) Growth
FFO increased 4.9% to $1.18 billion for FY2025; FFO per security was $0.2282 (ahead of guidance). Management targets at least 4% FFO growth for 2026 to >$0.2373 per security.
Record Visitation and Membership Growth
Customer visits reached 540 million in 2025 (up 14 million vs 2024; highest since 2019). Early 2026 visitation through late Feb was 79 million (+3.1% vs same period 2025). Westfield membership grew 11% to 5 million members.
Business Partner Sales and Specialty Leasing Strength
Business partner sales were a record $30 billion in 2025 (+$1 billion or 3.6% YoY; H2 growth 4.5%). Occupancy rose to 99.8% (highest since 2013). Completed 3,090 leasing deals, specialty rents up 4.5%, new lease spreads +3.2% for the year (H2 +3.5%).
Net Operating Income and Like‑for‑Like Growth
Net operating income (NOI) was $2.1 billion, up 3.7% YoY; like‑for‑like NOI growth was 4.8% demonstrating underlying operational momentum.
Capital Management and Funding Improvements
Refinanced ~$2.4 billion of senior/subordinated notes; redeemed non‑call 2026 subordinated notes ($1.0B) and issued $650M subordinated non‑call 2031 (margin 2%) plus $1.0B 10‑year senior notes (margin 1.38%) and EUR500M 8‑year senior notes (margin 1.295%). Weighted average interest rate for the year was 5.6% (average base 3.1%, average margin 2.5% versus 2.8% in 2024). Available liquidity was $5.2 billion at 31 Dec 2025.
Hedging and Interest Rate Risk Management
Executed $3.2 billion of interest rate swaps, increasing hedge coverage to 99% as at Jan 2026 with an average base rate of 2.98% (82% hedged at Dec 2026 at avg 3.01%), supporting rate certainty and enabling a forecasted weighted average cost of debt reduction to ~5.4% in FY2026 (from 5.6%).
Portfolio Enhancements and Redevelopments
Completed multiple redevelopments: Westfield Southland ($72M; visitation +6.5%), Westfield Burwood ($48M; visitation +9.3%), Level 1 at Westfield Bondi ($28M; visitation +8.5%). Completed Westfield Sydney expansion (luxury retailers). Announced $240M redevelopment at Westfield Bondi (Level 6) to expand lifestyle, entertainment and dining offering.
Strategic Landholdings and Development Pipeline
Portfolio sits on >670 hectares near transport hubs; launched planning proposals at 6 Westfield destinations with potential to deliver >16,000 dwellings. Strategy focused on broadening economic activity (residential, student accommodation, health, education) and redeploying underutilized land.
Record Statutory Result and Property Valuations
Statutory profit of $1.78 billion including an unrealised property revaluation uplift of $456 million. Portfolio valuations increased ~2.5% over the 12‑month period; weighted average cap rate 5.43% at Dec 2025.
STGPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STGPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $2.70 | $2.63 | -2.59% |
Aug 25, 2025 | $2.60 | $2.60 | 0.00% |
Feb 25, 2025 | $2.21 | $2.12 | -4.13% |
Aug 20, 2024 | $1.96 | $1.96 | +0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Scentre Group (STGPF) report earnings?
Scentre Group (STGPF) is schdueled to report earning on Aug 24, 2026, TBA (Confirmed).
What is Scentre Group (STGPF) earnings time?
Scentre Group (STGPF) earnings time is at Aug 24, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STGPF EPS forecast?
STGPF EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.