Scentre Group today released its results for the six months to 30 June 2022 with Operating Profit of $540.5 million (10.4 cents per security) up 17.5% compared to the prior corresponding period and Funds From Operations (FFO) of $548.6 million (10.6 cents per security), up 18.3%.
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SCentre’s Higher Earnings despite Tougher conditions
Scentre Group released its results for the 12 months to 31 December 2021 with earnings up 12.7%, and operating profit up 10.9%.
Read More »SCentre Expecting Retail Bounce
Scentre Group today released its results for the six months to 30 June 2021 and along with it much needed optimism for the sector.
Read More »SCentre Remuneration Report Voted Down
A majority of SCentre unitholders have voted against the adoption of the Remuneration Report for SCentre, constituting a first strike against the Board for mis-management of the issue.
Read More »SCentre Values fall -$4.2bn and Earnings -40%
SCentre have written back the value of its assets by $4.2bn as the impacts from COVID take a toll on the mall giant.
Read More »Scentre Group and Cbus Property commence works on $1billion luxury tower
Cbus Property and Scentre Group have commenced construction on their $1 billion mixed-use development of the former David Jones department store
Read More »Scentre Group Rent Collections Recover
Scentre Group, owner of Westfield Centres, provide an update on its 1st Quarter activities revealing a more improved rent collection and retailer sales performance than in previous months.
Read More »June 2020 Half Year Results Presentation
SCentre’s dominance now their weakeness
SCentre's released their half year results revealing a $4.0bn write down in value and Funds from Operations down -45% per security.
Read More »SCentre reveal earnings devastated by COVID
SCentre Group have released preliminary results for the half year ended June 2020 revealing the devastating impacts of COVID
Read More »SCentre Cancels Dividend & Sacks D&C Workforce
SCentre has cancelled its interim distribution and reduced 60% of the Design and Construction workforce as it grapples with a loss of customers & earnings.
Read More »SCentre Executive Pay Cut not Enough
SCentre group has announced that its Board and Senior Leadership team will take a pay cut as it deals with the impacts of the COVID-19, but the cuts to investors dividends and to tenants sale will be far worse.
Read More »SCentre to implement Code with Empathy
SCentre confirmed that it will work with the empathy the community expects when implementing the new leasing Code of Conduct with its retailers.
Read More »SCentre facing Cash Drain move to Bolster Liquidity
As rents receipts fade, SCentre has moved quickly to bolster its liquidity position locking in new 2 year debt facilities
Read More »SCentre seeks to Reassure Clients
Shopping centres are βessential activitiesβ and will remain open for normal trade
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