Vicinity Centres Exceeds Earnings, Advances Portfolio Strategy

Vicinity Centres (AU:VCX) has released an update.

Vicinity Centres reported a robust financial year with a statutory net profit after tax of $547.1m, exceeding its earnings guidance. The company has made significant strides in its portfolio repositioning, acquiring a 50% interest in Lakeside Joondalup and selling seven non-core assets at a premium. With a strong focus on long-term leases and asset performance, Vicinity remains on track to achieve Net Zero emissions by 2030 for its wholly-owned assets.

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