Region Group (ASX:RGN)
Australia
· Delayed Price · Currency is AUD Region Group Company Description
Region Group is an internally managed real estate investment trust (REIT) with 92 convenience-based retail properties, valued at $4,368 million.
We remain the largest owner of convenience-based retail centres with 7% share of the market, which is dominated by private owners.
This asset class has proven to be resilient due to its exposure to nondiscretionary retail categories, including long leases with grocery-based anchor tenants.
Region (originally SCA Property Group ASX: SCP) was created out of Woolworths Group Limited (Woolworths) in late 2012, when ownership in a number of retail properties was transferred.
Since our announcement in November 2022, we have been operating under our new name, Region Group (ASX: RGN).
Our portfolio benefits from long leases to Woolworths and Coles Group Limited (Coles), which act as our anchor retail partner at more than 96% of our properties.
At the heart of our strategy are our customers. This means the places we create will deliver both a practical and positive experience, as we work to be the first choice for essentials at a place nearby.
Operating responsibly is of great importance to our business, our communities and our security holders, and we are well placed in delivering our environmental, social and governance commitments.
The value of our business is more than its physical properties. It lies in the wellbeing of our people and the prosperity of our retailers as we work together to provide for the essential needs of our customers.
Our positioning means we are resilient as a business, capable of delivering growth to our security holders, people, customers and the communities we serve.
Our values are what guide us in how we deliver on our ambition.
| Country | Australia |
| Founded | 2012 |
| Industry | REIT - Retail |
| Sector | Real Estate |
| CEO | Anthony Michael Mellowes |
Contact Details
Address: Level 6 Sydney, 2000 Australia | |
| Phone | 61 2 8243 4900 |
| Website | regiongroup.au |
Stock Details
| Ticker Symbol | RGN |
| Exchange | Australian Securities Exchange |
| Fiscal Year | July - June |
| Reporting Currency | AUD |
| ISIN Number | AU0000253502 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Anthony Michael Grainger Mellowes | Chief Executive Officer and Executive Director of Shopping Centres Australasia Property Group RE Limited |
| Evan Walsh | Chief Information Officer |
| David Salmon | Chief Financial Officer |
| Erica Rees AGIA, B.A., L.L.B. | Chief Legal and Investment Officer and Company Secretary |
| Nicolette Brice | General Manager of Investor Relations |