Vicinity Centres (AU:VCX) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Vicinity Centres continues to demonstrate strong operating metrics with a 1.6% increase in portfolio retail sales and robust occupancy at 99.1%. The company is advancing its investment strategy with the acquisition of Chatswood Chase and the commencement of its major redevelopment, as well as the divestment of three other properties at a premium. Vicinity has reaffirmed its FY24 earnings guidance, targeting the higher end of its forecast range and a full-year distribution payout at the lower end of its 95-100% target range of AFFO.
For further insights into AU:VCX stock, check out TipRanks’ Stock Analysis page.
