Brief: Vicinity Centres Has A Cautious Near-Term Outlook

Vicinity Centres

15/02/2024 01:23

Feb 15 (Reuters) - Vicinity Centres  VCX.AX :
    * HAS A CAUTIOUS NEAR-TERM OUTLOOK
    * INTERIM DISTRIBUTION OF 5.85 AU CENTS PER SHARE
    * HY REVENUE FROM ORDINARY ACTIVITIES A$660 MILLION VERSUS
A$636.5
MILLION
    * HY NET PROFIT FROM ORDINARY ACTIVITIES AFTER TAX
ATTRIBUTABLE
A$223.5 MILLION VERSUS A$176.3 MILLION
    * EXPECTS INVESTMENT CAPITAL EXPENDITURE IN FY24 TO BE A$350
MILLION
    * EXPECTS ITS FULL YEAR DISTRIBUTION PAYOUT TO BE AT LOWER
END OF
ITS TARGET RANGE OF 95-100% OF AFFO
    * VICINITY EXPECTS FY24 FFO PER SECURITY TO BE AROUND TOP
END OF
14.1-14.5 AU CENTS

Source text for Eikon:  ID:nASXbx4CTX 
Further company coverage:  VCX.AX 

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