Scentre Group
Company Profile
Business description
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning seven of the top 10 Australian and four of the top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants at end-December 2023. While about one third of floor space is allocated to department stores at that date, we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. Almost every Scentre mall is anchored by at least one supermarket but these tenants accounts for less than 10% of gross lettable area due to the large size of Scentre’s assets.
Contact
85 Castlereagh Street
Level 30
Sydney NSW 2000
AUST: +61 293587000
E: investor@scentregroup.com
Sector
Real Estate
Stock type
Cyclical
Industry
REIT - Retail
Fiscal Year End
31 December 2024
Employees
2,964
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Markets
Index
|
Last price
|
Change
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% Change
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|---|---|---|---|
| All Ordinaries | 8,166.40 | 42.80 | -0.52% |
| CAC 40 | 7,622.02 | 87.50 | 1.16% |
| DAX 40 | 18,407.07 | 235.14 | 1.29% |
| Dow JONES (US) | 40,415.44 | 127.91 | 0.32% |
| FTSE 100 | 8,198.78 | 43.06 | 0.53% |
| HKSE | 17,635.88 | 218.20 | 1.25% |
| NASDAQ | 18,007.57 | 280.63 | 1.58% |
| Nikkei 225 | 39,599.00 | 464.79 | -1.16% |
| NZX 50 Index | 12,343.27 | 33.36 | 0.27% |
| S&P 500 | 5,564.41 | 59.41 | 1.08% |
| S&P/ASX 200 | 7,931.70 | 39.90 | -0.50% |
| SSE Composite Index | 2,964.22 | 18.09 | -0.61% |
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