Scentre's funds from operations in the first six months of calendar 2026 grew 4% to AUD 11.7 cents per security, or cps, driven by solid rent growth and moderating interest expense. Over the past 12 months, it has seen the highest customer traffic and tenant sales turnover in the group's history.
Scentre has several mixed-use development opportunities on existing assets. Adding high-density residential apartments to the shopping centers should, in turn, benefit retail sales.
Scentre’s occupancy cost is already higher than that of comparable peers. There is a limit to how much higher the rent can increase if retail sales are moderating.
|
Metric
|
SCG
|
VCX
|
SPG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.52 | 11.96 | 28.74 |
Price/Book Value | 0.90 | 0.87 | 14.79 |
Price/Sales | 6.82 | 7.70 | 9.41 |
Price/Cash Flow | 15.41 | 15.59 | 14.53 |
|
Metric
|
SCG
|
VCX
|
SPG
|
|---|---|---|---|
Quick Ratio | 0.17 | 0.20 | 0.53 |
Current Ratio | 0.26 | 0.42 | 0.53 |
Interest Coverage | 2.81 | 6.08 | 6.02 |
|
Metric
|
SCG
|
VCX
|
SPG
|
|---|---|---|---|
Return on Assets (Normalized) | 5.62% | 8.26% | 8.67% |
Return on Equity (Normalized) | 10.54% | 11.97% | 84.77% |
Return on Invested Capital (Normalized) | 5.77% | 8.38% | 12.39% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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SPG
| LOCK|?V?>%?R^ | LOCK|$xZ | $65B | |||
| Realty Income Corp
O
| LOCK|&qL^%X>s | LOCK|<R | $51B | |||
| Kimco Realty Corp
KIM
| LOCK|j&ysVV | LOCK|M? | $15B | |||
| Unibail-Rodamco-Westfield ADR
URMCY
| — | LOCK|dg | $14B | |||
| Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
| — | LOCK|%f | $14B | |||
| CapitaLand Integrated Commercial Trust
CPAMF
| — | LOCK|V?KL | $14B | |||
| Regency Centers Corp
REG
| LOCK|gQHxj> | LOCK|P$d | $13B | |||
| Scentre Group
STGPF
| — | LOCK|D>Rf@ | $12B | |||
| Federal Realty Investment Trust
FRT
| LOCK|p^ldkS%K | LOCK|<&c | $9B | |||
| Macerich Co
MAC
| LOCK|%&@@y! | LOCK|$Z | $7B |
United States