Scentre, Vicinity Centres Lose Bear as Outlook Improves -- Market Talk

Dow Jones

Sep 25, 2025

2311 GMT [Dow Jones]--Macquarie is no longer bearish about two of Australia's biggest owners of shopping malls after taking a rosier view of property asset valuations. Macquarie upgrades Scentre and Vicinity Centres to neutral. It previously had underperform calls on both stocks. Macquarie raises estimates of the valuation of major regional malls by 10.4%, with increases to its forecasts for all other property classes. The upgrades to its asset value assumptions reflect "an improved outlook for commercial real estate income fundamentals, stabilizing asset values, improving transaction volumes, falling cost of debt and increased unlisted equity inflows," Macquarie says. (david.winning@wsj.com)

(END) Dow Jones Newswires

September 24, 2025 19:14 ET (23:14 GMT)

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Macquarie upgrades Scentre and <a href=\"https://laohu8.com/S/CNRAF\">Vicinity Centres</a> to neutral. It previously had underperform calls on both stocks. Macquarie raises estimates of the valuation of major regional malls by 10.4%, with increases to its forecasts for all other property classes. The upgrades to its asset value assumptions reflect \"an improved outlook for commercial real estate income fundamentals, stabilizing asset values, improving transaction volumes, falling cost of debt and increased unlisted equity inflows,\" Macquarie says. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 24, 2025 19:14 ET (23:14 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scentre, Vicinity Centres Lose Bear as Outlook Improves -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScentre, Vicinity Centres Lose Bear as Outlook Improves -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-25 07:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  2311 GMT [Dow Jones]--<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> is no longer bearish about two of Australia's biggest owners of shopping malls after taking a rosier view of property asset valuations. Macquarie upgrades Scentre and <a href=\"https://laohu8.com/S/CNRAF\">Vicinity Centres</a> to neutral. It previously had underperform calls on both stocks. Macquarie raises estimates of the valuation of major regional malls by 10.4%, with increases to its forecasts for all other property classes. The upgrades to its asset value assumptions reflect \"an improved outlook for commercial real estate income fundamentals, stabilizing asset values, improving transaction volumes, falling cost of debt and increased unlisted equity inflows,\" Macquarie says. (david.winning@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 24, 2025 19:14 ET (23:14 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":"2570031883","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570031883","pubTimestamp":1758755640,"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":"2311 GMT [Dow Jones]--Macquarie is no longer bearish about two of Australia's biggest owners of shopping malls after taking a rosier view of property asset valuations. Macquarie upgrades Scentre and Vicinity Centres to neutral. It previously had underperform calls on both stocks. Macquarie raises estimates of the valuation of major regional malls by 10.4%, with increases to its forecasts for all other property classes. The upgrades to its asset value assumptions reflect \"an improved outlook for commercial real estate income fundamentals, stabilizing asset values, improving transaction volumes, falling cost of debt and increased unlisted equity inflows,\" Macquarie says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7510":"REITs概念","VCX.AU":"VICINITY CENTRES","BK7162":"零售房地产信托","SCG.AU":"SCENTRE GROUP","BK7005":"零售业房地产投资信托"},"translate_title":"随着前景改善，Scentre和邻近中心失去了熊市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VCX.AU":0.9,"SCG.AU":0.9},"content_text":"2311 GMT [Dow Jones]--Macquarie is no longer bearish about two of Australia's biggest owners of shopping malls after taking a rosier view of property asset valuations. Macquarie upgrades Scentre and Vicinity Centres to neutral. It previously had underperform calls on both stocks. Macquarie raises estimates of the valuation of major regional malls by 10.4%, with increases to its forecasts for all other property classes. The upgrades to its asset value assumptions reflect \"an improved outlook for commercial real estate income fundamentals, stabilizing asset values, improving transaction volumes, falling cost of debt and increased unlisted equity inflows,\" Macquarie says. (david.winning@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 24, 2025 19:14 ET (23:14 GMT)\n\n\n  Copyright (c) 2025 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":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}