Australia's Vicinity Centres rises on higher funds from operations

Vicinity Centres

16/08/2023 01:53

** Shares of Australia's Vicinity Centres  VCX.AX  rise as
much as 2.6% to A$1.898, set to gain most since July 27, if
trend holds
    ** The retail investment declares full-year funds from
operations per security of 15 Australian cents per share, up
from 13.1 cents in FY22
    ** The company, which co-owns the iconic Queen Victoria
shopping building in Sydney, logged full-year funds from
operations of A$684.8 mln ($441.08 mln), up from A$598.3 mln a
year ago
    ** Vicinity stock down 7.5% this year, as of last close 

    ($1 = 1.5526 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))