Scentre Group was created in mid-2014 by combining the Australian assets of the Westfield Group with those of Westfield Retail Trust. Scentre is predominantly a passive rent collector, but also undertakes development activities, constructing new centers and redeveloping existing assets, including recent developments in New Zealand such as Westfield Newmarket in Auckland.
Australian shopping centers are in better shape than their counterparts in the United States, due to lower retail space per person, and greater exposure to non-discretionary spending.
Rents are much higher than for convenience focused centers, and high end consumer goods are at risk from online competition.
|
Metric
|
SCG
|
SPG
|
CQR
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.52 | 24.42 | 30.65 |
Price/Book Value | 0.90 | 15.60 | 0.73 |
Price/Sales | 6.43 | 8.24 | 8.92 |
Price/Cash Flow | 15.07 | 12.70 | 12.51 |
|
Metric
|
SCG
|
SPG
|
CQR
|
|---|---|---|---|
Quick Ratio | 0.13 | 1.04 | 0.29 |
Current Ratio | 0.28 | 1.04 | 2.59 |
Interest Coverage | 0.24 | 4.16 | −2.73 |
|
Metric
|
SCG
|
SPG
|
CQR
|
|---|---|---|---|
Return on Assets (Normalized) | 0.48% | 6.78% | 3.95% |
Return on Equity (Normalized) | 0.96% | 76.35% | 5.86% |
Return on Invested Capital (Normalized) | 0.41% | 10.48% | 4.04% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
SPG
| Simon Property Group Inc | Hgkgpcvmz | Bcxm | $46.5 Bil | |
O
| Realty Income Corp | Zlkbmrkvkd | Jwtp | $46.3 Bil | |
KIM
| Kimco Realty Corp | Ftfvtqhq | Dpzf | $12.4 Bil | |
UNBLF
| Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP. | — | Klmx | $11.4 Bil | |
UNIRF
| Unibail-Rodamco-Westfield ADR | — | Lrcg | $11.4 Bil | |
LKREF
| Link Real Estate Investment Trust | — | Nfvk | $11.1 Bil | |
REG
| Regency Centers Corp | Zmnpkngpj | Jcwxb | $10.8 Bil | |
STGPF
| Scentre Group | — | Fbxn | $10.5 Bil | |
FRT
| Federal Realty Investment Trust | Dgcwczrwh | Hcyt | $8.5 Bil | |
MAC
| Macerich Co | Mdfsjrr | Rpxc | $3.4 Bil |
