Scentre Group FY2025 profit after tax attributable to members up 69.4% to AUD 1.78bn

Reuters
Yesterday
<a href="https://laohu8.com/S/STGPF">Scentre Group</a> FY2025 profit after tax attributable to members up 69.4% to AUD 1.78bn

Scentre Group reported FY 2025 revenue of USD 2.69 billion (+1.8%), net operating income of USD 2.10 billion (+3.7%) and funds from operations attributable to members of USD 1.19 billion (+4.9%), with FFO per security of 22.82 cents. Profit after tax attributable to members (including unrealised fair value movements) was USD 1.78 billion (+69.4%). FY 2025 distributions were USD 923 million (+3.4%), or 17.72 cents per stapled security; the final distribution is payable on 27 February 2026, with a DRP issue price of USD 3.7998 and no discount. Operational updates for FY 2025 included 540 million customer visits (+2.7%), portfolio occupancy of 99.8%, and business partner sales of USD 30.0 billion (+3.6%). The group completed 3,090 leasing deals with new specialty lease spreads of +3.2% and average specialty rent escalations of 4.5%. Key asset and capital highlights included approximately USD 2.2 billion of new capital introduced via joint venturing, including a 50% joint venture of Westfield Chermside for USD 1.3 billion and the sale of a 19.9% interest in Westfield Sydney for USD 864 million; liquidity was USD 5.2 billion at 31 December 2025. Redevelopment milestones cited included the Westfield Sydney expansion, redevelopments at Westfield Southland (USD 72 million; Scentre Group share USD 36 million), Westfield Burwood (USD 48 million; share USD 24 million) and Level 1 at Westfield Bondi (USD 28 million; share USD 28 million), and the announced commencement of a USD 240 million investment to redevelop Level 6 at Westfield Bondi.

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