Scentre Group
SCG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| < | LOCK|x^PFB | LOCK|k&?p^Cfz |
Scentre Group: Well Positioned to Weather the Rainy Days Ahead
Scentre Group's Westfield shopping centers raked in record sales in the 12 months to March 31. Tenant sales turnover in the March quarter rose 5% compared with the same period last year. New leases signed during the quarter averaged a 3% rent increase from expiring leases.
