Australia's Vicinity Centres drops most in 3 weeks as outlook disappoints

Vicinity Centres

17/08/2022 02:26

** Shares of mall operator Vicinity Centres  VCX.AX  drop as
much as 2.4% to A$2.0, their biggest intraday pct fall since
July 27 
    ** VCX expects FY23 funds from operations per security
between 13 and 13.6 Australians cents, missing UBS estimate of
13.8 Australian cents  urn:newsml:reuters.com:*:nASX8Bj5FB
    ** UBS says VCX's FY23 guidance is disappointing
    ** VCX posts FY statutory net profit of A$1.22 bln ($855.95
mln), compared to loss of A$258 mln a year ago 
    ** Stock hits lowest since July 28
    ** Stock up 21.3% this year as of last close
    

($1 = 1.4253 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))