Region Group
Company Profile
Business description
Region Group specializes in leasing out convenience-focused properties that offer everyday goods and services. More than half of the rent is derived from specialty tenants, which are mostly non-discretionary, such as food and liquor, pharmacy and healthcare, and general services. Typically, specialty rent increases at a fixed rate of 4% per year. In contrast, anchor leases, which contribute the other half of Region’s rental income, grows at a slower pace. Among anchor tenants, 50% pay a base rent plus a percentage of their sales turnover, and 50% pay a constant base rent which is usually reviewed every five years. Region’s development pipeline is relatively small. The group typically undertakes development on behalf of a capital partner, or upgrades and refurbishes existing centers.
Contact
50 Pitt Street
Level 6
SydneyNSW2000
AUST: +61 282434900
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Retail
Fiscal Year End
Employees
Region Group News & Analysis
stocks
Is value emerging in retail REITs?
stocks
Getting exposure to Australia's most iconic malls through the sharemarket
stocks
REITs well-positioned to weather higher rates: Morningstar
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,869.00 | 52.50 | -0.59% |
| CAC 40 | 7,879.45 | 51.82 | 0.66% |
| DAX 40 | 25,386.99 | 127.09 | 0.50% |
| Dow JONES (US) | 51,670.10 | 180.45 | -0.35% |
| FTSE 100 | 10,681.16 | 30.83 | 0.29% |
| HKSE | 24,314.17 | 31.05 | -0.13% |
| NASDAQ | 27,204.38 | 41.52 | -0.15% |
| Nikkei 225 | 67,744.29 | 33.23 | -0.05% |
| NZX 50 Index | 13,760.39 | 10.79 | 0.08% |
| S&P 500 | 7,805.45 | 1.79 | -0.02% |
| S&P/ASX 200 | 8,727.90 | 56.00 | -0.64% |
| SSE Composite Index | 3,767.23 | 33.64 | -0.88% |