2347 GMT - Mall owner Scentre's maiden guidance for its 2026 earnings underwhelms, triggering a 2.6% drop in its share price to A$3.69 today. Scentre forecast funds from operations--a smoothed measure of operating cash flow that excludes depreciation, amortization and gains on asset sales--of at least 23.73 Australian cents/security. The guidance suggests minimum growth of 4.0% on the 22.82 cents achieved in 2025. Jarden says the forecast missed consensus hopes by 2.5%. Scentre's distribution guidance of 18.43 cents/security was stronger than Jarden expected, but less than the 18.60 cents penciled in by the market. Jarden rated Scentre at underweight with a A$4.40/share price target ahead of its annual result. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 23, 2026 18:47 ET (23:47 GMT)
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