Australia's Vicinity Centres slips as quarterly retail sales drop

Vicinity Centres

10/11/2021 03:16

** Shares of mall operator Vicinity Centres  VCX.AX  fall as
much as 2.3% to A$1.728, their biggest intraday pct loss since
Oct 29
    ** Vicinity says Q1FY22 total portfolio retail sales were
down 25.7% relative to Q1FY20 due to prolonged lockdowns in New
South Wales and Victoria  urn:newsml:reuters.com:*:nFWN2S023U
    ** Adds COVID-19 lockdowns slowed "improving" momentum of
cash collection as seen in FY21 
    ** Stock hits its lowest level since Nov 4
    ** As of last close, Vicinity stock up 10.3% this year
    

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))