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Company Profile

  • Business description

    Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centers, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centers, and 1% in neighborhood malls.

  • Contact

    1341 Dandenong Road
    Level 4
    Chadstone Tower One
    Chadstone
    Melbourne VIC 3148
    AUS

    T: +61 370014000

    E: investor@federationcentres.com.au

    https://www.vicinity.com.au

  • Sector

    Real Estate

    Stock type

    Cyclical

  • Industry

    REIT - Retail

    Fiscal Year End

    30 June 2024

    Employees

    1,266

Vicinity Centres News & Analysis

stocks

Is value emerging in retail REITs?

Retail faces headwinds but there may be opportunities in these unloved shares. 
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Getting exposure to Australia's most iconic malls through the sharemarket

Listed property trusts are an affordable option for private investors wanting to own a slice of Australia's best shopping centres. But are they a good idea?
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A mixed bag for REITs

It was a solid result for REITs in the earnings season, but investors will need to be selective as the sector confronts a market of rising interest rates. 

Markets

Index
Last price
Change
% Change
All Ordinaries 8,015.80 72.20 0.91%
CAC 40 7,600.08 28.51 0.38%
DAX 40 18,100.26 32.05 0.18%
Dow JONES (US) 38,778.10 188.94 0.49%
FTSE 100 8,167.82 25.67 0.32%
HKSE 17,915.55 20.57 -0.11%
NASDAQ 17,857.02 168.14 0.95%
Nikkei 225 38,482.11 379.67 1.00%
NZX 50 Index 11,767.40 68.89 0.59%
S&P 500 5,473.23 41.63 0.77%
S&P/ASX 200 7,778.10 77.80 1.01%
SSE Composite Index 3,030.25 14.36 0.48%

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