Vicinity Centres (ASX:VCX) said that its total portfolio retail sales grew 2.4% in the fiscal third quarter, compared with an increase of 2.7% in the fiscal second quarter, according to a Tuesday Australian bourse filing.

The growth was led by specialty stores and mini majors, which were up 3.1% during the period, while the leisure, jewellery, retail services, and homewares were notable outperformers.

On the back of resilient retailer demand, occupancy remained stable at over 99% during the quarter. The year-to-date leasing spreads in fiscal 2025 were maintained at a rate of 3.5%.

The fiscal 2025 guidance for funds from operations per security is between AU$0.145 to AU$0.148, while that of the adjusted funds from operations per security is AU$0.123 to AU$0.126. The firm now expects its fiscal 2025 funds from operations per security and adjusted funds from operations per security to be around the top end of the guidance ranges.

Vicinity Centres' shares rose almost 3% in recent trading on Tuesday, earlier hitting their highest since February 2020.