Scentre Loses Bear on Subordinated Notes Tender Offer -- Market Talk

Dow Jones

04/30

0057 GMT - Mall owner Scentre loses a bear in UBS as it moves to overhaul some of its debt. Analyst Solomon Zhang expects Scentre's tender offer for some A$1.8 billion of subordinated notes to drive stronger earnings growth in FY 2027. UBS now expects Scentre's earnings in FY 2027 to rise by 4%, double the pace it had previously forecast. "We estimate that a full refinance of the sub notes would drive 4.5% earnings accretion," UBS says. It upgrades Scentre to neutral, from sell, and raises its price target by 8.6% to A$3.80/share. Scentre is up 0.6% at A$3.67. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 29, 2026 20:57 ET (00:57 GMT)

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Analyst Solomon Zhang expects Scentre's tender offer for some A$1.8 billion of subordinated notes to drive stronger earnings growth in FY 2027. UBS now expects Scentre's earnings in FY 2027 to rise by 4%, double the pace it had previously forecast. \"We estimate that a full refinance of the sub notes would drive 4.5% earnings accretion,\" UBS says. It upgrades Scentre to neutral, from sell, and raises its price target by 8.6% to A$3.80/share. Scentre is up 0.6% at A$3.67. 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Analyst Solomon Zhang expects Scentre's tender offer for some A$1.8 billion of subordinated notes to drive stronger earnings growth in FY 2027. UBS now expects Scentre's earnings in FY 2027 to rise by 4%, double the pace it had previously forecast. \"We estimate that a full refinance of the sub notes would drive 4.5% earnings accretion,\" UBS says. It upgrades Scentre to neutral, from sell, and raises its price target by 8.6% to A$3.80/share. Scentre is up 0.6% at A$3.67. 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Analyst Solomon Zhang expects Scentre's tender offer for some A$1.8 billion of subordinated notes to drive stronger earnings growth in FY 2027. UBS now expects Scentre's earnings in FY 2027 to rise by 4%, double the pace it had previously forecast. \"We estimate that a full refinance of the sub notes would drive 4.5% earnings accretion,\" UBS says. It upgrades Scentre to neutral, from sell, and raises its price target by 8.6% to A$3.80/share. Scentre is up 0.6% at A$3.67. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7510":"REITs概念","BK7005":"零售业房地产投资信托","BK7162":"零售房地产信托","SCG.AU":"SCENTRE GROUP"},"translate_title":"Scentre失去次级票据要约收购的熊市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCG.AU":0.9},"content_text":"0057 GMT - Mall owner Scentre loses a bear in UBS as it moves to overhaul some of its debt. Analyst Solomon Zhang expects Scentre's tender offer for some A$1.8 billion of subordinated notes to drive stronger earnings growth in FY 2027. UBS now expects Scentre's earnings in FY 2027 to rise by 4%, double the pace it had previously forecast. \"We estimate that a full refinance of the sub notes would drive 4.5% earnings accretion,\" UBS says. It upgrades Scentre to neutral, from sell, and raises its price target by 8.6% to A$3.80/share. Scentre is up 0.6% at A$3.67. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2026 20:57 ET (00:57 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}