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Scentre Group Provides First Quarter Operational Update

12 May 2022  |  09:22:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1st Quarter Operational Update

Scentre Group announced an operational update for the first three months to 31 March 2022. Portfolio occupancy remains strong at 98.7% at the end of March 2022. It continues to make significant progress on its responsible business initiatives across community, people, environment, and economic performance. Customer visitation is 112% of 2021 or 116% excluding CBD centres. Total Majors and Specialty sales were 11.2% higher for the month of March 2022 and 7.1% higher for the quarter. It has restructured its interest rate hedging profile to increase hedging in 2023 and 2024.

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