Brief: Vicinity Centres Says Targeting FY Distribution Payout At Lower End Of Target Range Of 95-100% Of AFFO

Vicinity Centres

02/05/2023 02:07

May 2 (Reuters) - Vicinity Centres  VCX.AX :
    * TARGETING A FULL-YEAR DISTRIBUTION PAYOUT AT LOWER END OF
VICINITY'S TARGET RANGE OF 95-100% OF AFFO
    * PORTFOLIO RETAIL SALES UP 13% RELATIVE TO 3Q FY22
    * OUR OUTLOOK FOR 4Q FY23 AND INTO FY24 REMAINS CAUTIOUS
    * NOW EXPECTS FY23 FFO AND AFFO TO BE AROUND TOP END OF
GUIDANCE
RANGES
    * CONTINUES TO PROGRESS ITS PLANS FOR MAJOR REDEVELOPMENT OF
UPPER
LEVELS OF CENTRE

Source text for Eikon:  ID:nASX5c5tYD 
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