Scentre Group
SCG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$5.40 | Xps | Yfpmsztx |
Scentre Group Earnings Set to Recover From Pandemic, but Distributions to Bounce More Slowly
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, but also undertakes development activities, constructing new centres and redeveloping existing assets.