Scentre Group
SCG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.30 | Thzd | Ylxgpdpx |
Westfields in Virus-Free Locations Are Fine; Scentre Group Should Recover Post-Coronavirus
Business Strategy and Outlook
Scentre Group was created in mid-2014 by combining the Australian assets of the Westfield Group with those of Westfield Retail Trust. It is predominantly a passive rent collector, though it does also undertake development activities, constructing new centres and redeveloping existing assets.