Brief: Vicinity Centres Says Targeting Full-Year Distribution Payout At Lower End Of AFFO Target Range

Vicinity Centres

01/05/2024 02:01

May 1 (Reuters) - Vicinity Centres  VCX.AX :
    * TARGETING A FULL-YEAR DISTRIBUTION PAYOUT AT LOWER END OF
ITS
TARGET RANGE OF 95-100% OF AFFO
    * PORTFOLIO RETAIL SALES REMAINED POSITIVE IN 3Q FY24, UP
1.6%
    * REAFFIRMS ITS FY24 EARNINGS GUIDANCE
    * 3Q FY24 COMPARABLE NET PROPERTY INCOME GROWTH REMAINS IN
LINE
WITH 1H
    * RETAIN VIEW THAT MEDIUM TO LONG TERM FUNDAMENTALS OF
AUSTRALIAN
RETAIL SECTOR REMAIN FAVOURABLE

Further company coverage:  VCX.AX 

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