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VCX General Information

Vicinity Centres
VCX
http://www.vicinity.com.au
Retail REITs
10,281
3,836

VCX Current Share Price+

Current Price $2.680
Open $2.670
High $2.700
Low $2.660
Last Close $2.680
Volume 13843091
Price Movement - ( No change )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

VCX Research

VCX Recommendation

Current recommendation UNLOCK
12 month range UNLOCK
Maximum portfolio weighting UNLOCK
Business risk UNLOCK
Share price risk UNLOCK

VCX Company Overview

Business Description

Vicinity Centres (VCX, formerly Federation Centres) is a vertically integrated Australian Real Estate Trust specialising in the ownership and management of 110 Australian shopping centres. It provides a full suite of property services including property investment, retail development, property management, leasing and fund administration. As at 31 December 2017, the Company has over $26.1bn in retail assets under management.

VCX Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 721.46 18.60 3.10% 14.41 15.50 5.78% 0.0%
2019 F 699.46 18.03 -0.80% 14.86 14.60 5.45% 0.0%
2018 A 708.70 18.17 1.00% 14.44 16.30 6.21% 0.0%

VCX Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
BWP Trust (BWP) $2,364M 0.0286 0.0500 0.0270 20.4331 19.4606 18.9495 4.84% 4.89% 4.99%
Scentre (SCG) $21,268M -0.2064 0.1330 0.0417 18.3486 16.1943 15.5461 5.43% 5.53% 5.68%
Shopping Centres Australasia Property (SCP) $2,461M -0.0872 0.2037 0.0375 19.9259 16.5538 15.9549 5.17% 5.50% 5.61%
Unibail-Rodamco-Westfield (URW) $4,779M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Vicinity Centres (VCX) $10,281M -0.7191 0.0782 -0.0133 15.9905 14.8312 15.0308 6.08% 5.81% 5.76%

VCX Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.62 15.40 0.86 4.91
Market 0.71 14.20 1.22 0.94
Sector 0.78 15.40 1.03 1.54

VCX Directors

Name Position Start Date
Mr Grant Lewis Kelley Chief Executive Officer, Managing Director 1 Jan 2018
Mr Peter Algernon Franc Hay Non-Executive Chairman, Non-Executive Director 11 Jun 2015
Mr Trevor Gerber Non-Executive Director 11 Jun 2015
Mr Timothy (Tim) Edward Douglas Hammon Non-Executive Director 15 Dec 2011
Ms Janette A Kendall Non-Executive Director 1 Dec 2017
Mr Clive Robert Appleton Non-Executive Director 1 Sep 2018
Mr David Mark Thurin Non-Executive Director 11 Jun 2015
Ms Wai Foon Tang Non-Executive Director 30 May 2014
Ms Karen Lee Collett Penrose Non-Executive Director 11 Jun 2015
Mr Peter Kahan Non-Executive Director 11 Jun 2015

VCX Management

Name Position
Richard Jamieson Chief Financial Officer
Michael O'Brien Chief Investment Officer
Carolyn Reynolds Company Secretary
Jacqueline Jovanovski Company Secretary
Rohan Abeyewardene Company Secretary

VCX Substantial Shareholders

Holding Name
682,861,296 (17.64%) The Gendel Group Pty Ltd and its associates
344,450,895 (8.90%) BNP Paribas Nominees Pty Ltd
294,495,326 (7.61%) Vanguard Investments Australia Ltd
268,556,599 (6.94%) BlackRock Group

VCX Calendar of Events

Date Event
14 August 2019 Report (Annual)
14 August 2019 Report (Prelim)
04 March 2019 Div Pay Date
13 February 2019 Report (Interim)
31 December 2018 Books Close
28 December 2018 Div Ex Date

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