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Company News Summary

Scentre Group Provides Full Year Results and Presentation

24 Feb 2021  |  09:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Full Year Announcement and Results Presentation

Scentre Group released its results for the 12 months to 31 December 2020 with Operating Profit of $763.4m (14.71 cps). Funds From Operations (FFO) for the year was $766.1m (14.76 cps). The Statutory result for the 12-month period, inclusive of unrealised non-cash items, was a loss of ($3,732)m. The result includes a reduction in property valuations of ($4,254)m during the 12-month period. Operating Profit, FFO and the Statutory result are each after expensing an Expected Credit Charge (ECC) of ($304)m related to the financial impact of the COVID-19 pandemic.

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