Scentre Has Options to Recycle Capital From Sale -- Market Talk

Dow Jones

2025/07/23

0125 GMT - Scentre's sale of a 25% stake in its Westfield Chermside mall is seen by Citi analysts as providing the capital to buy back subordinated notes or recycle into other developments. The analysts tell clients in a note that the shopping-center operator has achieved an attractive valuation with the A$683 million sale, justifying its book value and potential for further cap-rate compression. Options for the funds include high-return residential developments or increased expansion of retail projects in response to low supply, they add. Citi has a buy rating and A$3.90 target price on the stock, which is up 0.3% at A$3.74. (stuart.condie@wsj.com)

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July 22, 2025 21:25 ET (01:25 GMT)

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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2025 21:25 ET (01:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7510","symbol_name":"REITs概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553132293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553132293","pubTimestamp":1753233900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0125 GMT - Scentre's sale of a 25% stake in its Westfield Chermside mall is seen by Citi analysts as providing the capital to buy back subordinated notes or recycle into other developments. 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