Vicinity Centres jumps most in 4 months on upbeat FY22 outlook

Vicinity Centres

20/06/2022 02:01

** Shares of the Australian mall operator  VCX.AX  climb as much
as 5.2% to A$1.830, on track for their sharpest single-day pct
jump since Feb. 16 
    ** Co sees FY22 funds from operations to be at or above 12.6
cents per security  urn:newsml:reuters.com:*:nASX9kHVTp
    ** Expects FY22 adjusted funds from operations (AFFO) to be
at or above 10.3 cents per security   
    ** Sees full-year distribution to be towards the lower end
of its 95-100% of AFFO target range
    ** Shares hit their highest levels since June 9 
    ** Stock is the seventh-biggest pct gainer on the S&P/ASX
200 index  .AXJO 
    ** Stock up 3% this year as of last close, compared with a
12.9% drop in the benchmark S&P/ASX 200 index  .AXJO 


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))