Australia · Delayed Price · Currency is AUD Vicinity Centres Earnings Call Transcripts
Fiscal Year 2026
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Net profit after tax rose over 60% to AUD 805.6 million, driven by strong leasing, asset sales, and valuation gains. FY 2026 guidance was upgraded, with robust NPI and FFO growth expected, and major developments and acquisitions progressing on track.
Fiscal Year 2025
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The AGM highlighted strong financial results, a shift to premium assets, and major retail developments. Shareholders engaged on distributions, board succession, and ESG, with management emphasizing long-term value and prudent risk management. All resolutions were supported.
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FY 2025 delivered strong financial and operational results, with FFO at $674 million and premium assets driving outperformance. Major developments at Chadstone and Chatswood Chase progressed, and FY 2026 guidance implies 2%–3.5% FFO growth.
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Net profit after tax more than doubled to AUD 492.6 million, with strong NPI growth and robust leasing metrics. Premium assets outperformed, divestments exceeded targets, and major developments progressed despite short-term earnings dilution and sector challenges.
Fiscal Year 2024
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The AGM highlighted strong financial results, a 34% shareholder return, and a strategic shift toward premium assets through acquisitions and divestments. Major redevelopments and sustainability progress were emphasized, with all Board recommendations supported and robust engagement on governance and community issues.
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Delivered strong FY 2024 results with net profit of AUD 547 million and FFO per security above guidance, driven by portfolio repositioning, premium asset acquisitions, and robust leasing. FY 2025 guidance anticipates continued growth, with focus on capital management and major developments.