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Vicinity Centres (VCX)

ASX.VCX $1.83

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ASX.VCX $1.83

20 MINUTE DELAYED

TODAY

-0.27 %

1 YEAR RETURN

0.00%

VOLUME

12,531,750

DIV YIELD

6.16%

PE RATIO

10.63

52 WEEK RANGE

1.46

1.95

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	1.83
Change	-0.01 (-0.27)
Bid / Ask	1.83 - 1.85
Volume	12,531,750
Volume (3mths avg)	0
Turnover	23,094,435
Open	1.85
Day Range	1.83 - 1.87
VWAP	1.84
Prev Close	1.84
Last Trade	06.10 01/07 (AEST)

KEY INFORMATION
Sector	Services
Shares Issued	3,808,194,288
NTA/Share	0.00
Last Dividend	0.05
Dividend Ex Date	21 FEB 2022
Dividend Pay Date	08 MAR 2022

CURRENT ()
Revenue
EBITDA
Profit
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00
Yield %	6.16
Market Cap	0.00
Price to Earnings Ratio (P/E)	10.63

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	0.00
EBITDA	0.00
Profit	0.00
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation ()

0.00

OPINION

20/06/2022 17:18

Vicinity Centres (VCX) $1.85

VCX +6.32%: the shopping centre owner popped today on the back of strong valuations and better guidance. The book value on their assets was increased by $245m ahead of the end of the financial year, largely on the back of tighter cap rates which fell to 5.31%, from 5.35% with 56% of their assets independently valued. Funds From Operations (FFO) guidance was also increased to at or above the top end....

17/02/2022 09:21

Vicinity Centres (VCX) $1.865

VCX soared 11% yesterday after it posted an excellent half year result which saw a net profit after tax (NPAT) of $650mn. The countries 2nd largest Australian retail property manager illustrated people are still “going to the shops” and if Chatswood in Sydney is any indication that’s 100% on the money. The companies result was even more impressive after it previously delivered a loss...

10/11/2021 17:11

Vicinity Centres (VCX) $1.73

VCX -2.26%: the metro shopping centre owner/operator hosted their AGM today which came with a softer than expected 1st quarter update. Occupancy remains strong at 98.1%, however rental collections came in at 74% in the first 3 months with missed payments largely contained to NSW & Victoria. Leases remain under pressure with average...

06/07/2021 09:45

Vicinity Centres (VCX) $1.58

Shopping centre operator VCX is cheap in our opinion and it’s forecasted yield well above 6% is again clearly attractive but after raising capital at $1.48 there remains a lid on the stock through 2021.

ACTION

VCX

UPDATED 21/06/2022 09:38

MM sees deep value in VCX & property stocks generally

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VCX

UPDATED 17/02/2022 17:32

MM is bullish VCX

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VCX

UPDATED 11/11/2021 07:48

MM is neutral VCX

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VCX

UPDATED 06/07/2021 10:20

MM likes VCX around $1.50

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Business Summary

Vicinity Centres is an Australia-based company that is primarily engaged in property investment, property management, property development, leasing and funds management. The Company operates through two segments: Property Investment and Strategic Partnerships. The Property Investment segment includes investment in retail property. The Strategic Partnership segment includes fee income from property management, development, leasing and management of wholesale property funds. Its properties include Bankstown Central, Bayside, Buranda Village, Chadstone, DFO Perth, Emporium Melbourne, Queen Victoria Building, QueensPlaza and The Glen. The Company operates approximately 60 retail assets under its management.