Region Group RGN

Stock XASX Rating as of Oct 2, 2026

A$2.15 −0.03 (1.38%)

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As of Oct 2, 2026, 6:10:27 AM Delayed Price Closed

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Solid Retail Tenant Demand Drives Region Group's Rent Growth Outlook

Yingqi Tan Aug 18, 2026

Region Group aims to generate defensive, resilient cash flow by curating a portfolio of neighborhood and sub-regional centers across Australia. Anchor tenants, such as supermarkets and discount department stores, contribute half of Region’s property income. The other half is from specialty tenants, who predominantly trade in nondiscretionary categories like food and liquor, pharmacies, and healthcare.

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Price vs Fair Value

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RGN is trading at a LOCK|!j premium.

Price

A$2.15

Oct 2, 2026

Fair Value

s.^

Jul 21, 2025

Uncertainty

LOCK|>%

1-Star Price: LOCK|CY
5-Star Price: Z
Economic Moat: LOCK|^W
Capital Allocation: LOCK|&?Y$bG

Bulls Say, Bears Say

Bulls

Region’s portfolio is defensive against the rising threat of e-commerce, thanks to its focus on everyday goods and services, and nondiscretionary retail.

Bears

Region’s property income is highly concentrated to the big three tenants. This gives them significant bargaining power in rent negotiation.

Trading Information

Previous Close Price: A$2.18
Day Range: A$2.15–2.20
52-Week Range: A$2.09–2.50
Bid/Ask: A$2.13 / A$2.18
Shares Outstanding: 1.15B
Market Cap: A$2.47B
Volume/Avg: 3M / 3M

Key Statistics

Price/Earnings (Normalized): 13.17
Price/Sales: 6.41
Dividend Yield (Trailing): 6.56%
Dividend Yield (Forward): 6.56%
Dividend Payment Schedule: Jan, Aug
Total Yield: 7.74%

Company Profile

Region Group specializes in leasing out convenience-focused properties that offer everyday goods and services. More than half of the rent is derived from specialty tenants, which are mostly non-discretionary, such as food and liquor, pharmacy and healthcare, and general services. Typically, specialty rent increases at a fixed rate of 4% per year. In contrast, anchor leases, which contribute the other half of Region’s rental income, grows at a slower pace. Among anchor tenants, 50% pay a base rent plus a percentage of their sales turnover, and 50% pay a constant base rent which is usually reviewed every five years. Region’s development pipeline is relatively small. The group typically undertakes development on behalf of a capital partner, or upgrades and refurbishes existing centers.

Sector: Real Estate
Industry: REIT - Retail
Stock Style Box: Mid Core
Total Number of Employees: —
Website: https://www.regiongroup.au

Competitors

Valuation

Metric	RGN	VCX	HDN
Price/Earnings (Normalized)	13.17	11.96	8.54
Price/Book Value	146.14	0.87	0.67
Price/Sales	6.41	7.70	5.77
Price/Cash Flow	13.74	15.59	15.32

Price/Earnings

RGN

VCX

HDN

Financial Strength

Metric	RGN	VCX	HDN
Quick Ratio	0.27	0.20	0.40
Current Ratio	0.47	0.42	0.50
Interest Coverage	4.83	6.08	4.97

Quick Ratio

RGN

VCX

HDN

Profitability

Metric	RGN	VCX	HDN
Return on Assets (Normalized)	3.30%	8.26%	3.84%
Return on Equity (Normalized)	957.03%	11.97%	6.19%
Return on Invested Capital (Normalized)	4.95%	8.38%	5.72%

Return on Assets

RGN

VCX

HDN

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