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Vicinity Centres ( (AU:VCX) ) has shared an announcement.
Vicinity Centres reported a slight increase in revenue from ordinary activities to $664.9 million for the six months ended 31 December 2024, compared to the previous year. The company also achieved a significant rise in net profit after tax attributable to security holders, reaching $492.6 million, a 120.4% increase. Despite a marginal decrease in funds from operations, Vicinity Centres saw growth in net tangible assets per security and net assets per security. The interim distribution for the period will be unfranked at 5.95 cents per stapled security, with a distribution reinvestment plan available for security holders.
More about Vicinity Centres
Vicinity Centres is a stapled group consisting of Vicinity Limited and Vicinity Centres Trust. The company operates within the retail property industry, focusing on owning, managing, and developing retail properties across Australia.
YTD Price Performance: -20.54%
Average Trading Volume: 13,513
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.61B
Find detailed analytics on VCX stock on TipRanks’ Stock Analysis page.
