Australia's Vicinity Centres advances on upbeat sales growth

Vicinity Centres

06/11/2025 03:39

Updates

** Shares of Australia's Vicinity Centres VCX.AX rise as much as 4.1% to A$2.56, posting their biggest intraday pct gain since April 10

** Retail property co says total portfolio delivered 4.4% sales growth in Q1 FY26, building on positive momentum seen in previous fiscal

** Says all segments delivered sales growth

** Citi says continued positive leasing spreads and position over occupancy cost ratio, or how much a tenant spends on occupancy costs relative to sales revenue, suggests co remains in a strong negotiating position with tenants on rent

** This, together with continued overall retail growth on Vicinity's tenant base, creates a positive operational growth environment for co - Citi

** Stock up 20.7% YTD, including the day's moves

 (Reporting by Shruti Agarwal and Nikita Maria Jino in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))