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4 stories mentioning ASX:VCXUpdated 25d ago

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Asia

Vicinity Centres Fiscal 2026 AFFO per Security, Net Property Income Up

Vicinity Centres (ASX:VCX) logged AU$0.1304 in adjusted funds from operations per security for fiscal 2026, compared with AU$0.1259 a year ago, a Thursday filing showed.Analysts polled by FactSet expected AU$0.1301.For the 12 months ended June 30, net property income was AU$938.1 million versus AU$918.1 million previously, the Australia-listed real estate investment trust added. Analysts surveyed by FactSet projected AU$987.8 million.The board declared a final distribution of AU$0.062 per stapled security, up from AU$0.0605 a year earlier, payable Sept. 16 to shareholders of record as of Aug. 26.The company guided for fiscal 2027 AFFO per security of AU$0.139 to AU$0.141, comparable net property income growth of 3.5%, and a fiscal year distribution payout ratio of 95% to 100% of AFFO.

ASX:VCX
Asia

Vicinity Centres Appoints Patrick Allaway as Chairman-Elect as Trevor Gerber Announces Retirement

Vicinity Centres (ASX:VCX) said independent non-executive chairman Trevor Gerber intends to retire from the board at the 2026 annual general meeting on Oct. 28, with Patrick Allaway appointed as a non-executive director and chairman-elect effective June 15, according to a Monday Australian bourse filing.The company said Allaway will succeed Gerber as chairman at the conclusion of the meeting, subject to his election as a director by security holders.Allaway is currently a member of the Adobe International Advisory Board, having previously served as chairman of Bank of Queensland (ASX:BOQ) and as a non-executive director of Allianz Australia, Dexus Funds Management, Macquarie Goodman Industrial Trust, and Metcash (ASX:MTS), among others, it added.

ASX:BOQASX:MTSASX:VCX
Asia

Vicinity Centres to Acquire New South Wales Hybrid Retail Asset for AU$400 Million

Vicinity Centres (ASX:VCX) agreed to acquire the Eastern Creek Quarter hybrid retail asset in New South Wales from Frasers Property for AU$400 million, according to a Friday filing with the Australian bourse.The transaction is expected to be settled on June 30, subject to securing the landlord's consent to the assignment of the underlying long-term ground leases, the filing said.

ASX:VCX
Asia

Vicinity Centres Reports Total Portfolio Retail Sales Growth in Fiscal Q3

Vicinity Centres (ASX:VCX) said that its total portfolio retail sales grew 3.4% in the fiscal third quarter, supported by mini-major growth of 3.7%, according to a Tuesday Australian bourse filing.The company reported total portfolio retail sales growth of 2.4% in the prior corresponding period, an earlier filing showed.On the back of resilient retailer demand, occupancy remained strong at nearly 100%, with leasing spreads at 5.1% and low holdovers of 3.1%.Specialty sales productivity increased to around AU$13,500 per square meter.The company reaffirmed its fiscal 2026 guidance, with funds from operations and adjusted funds from operations per security expected to be around the top end of the ranges of AU$0.15 to AU$0.152 and AU$0.128 to AU$0.13, respectively.

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