Vicinity Centres Reports Total Portfolio Retail Sales Growth in Fiscal Q3

MT Newswires Live

May 05

Vicinity Centres (ASX:VCX) said that its total portfolio retail sales grew 3.4% in the fiscal third quarter, supported by mini-major growth of 3.7%, according to a Tuesday Australian bourse filing.

The company reported total portfolio retail sales growth of 2.4% in the prior corresponding period, an earlier filing showed.

On the back of resilient retailer demand, occupancy remained strong at nearly 100%, with leasing spreads at 5.1% and low holdovers of 3.1%.

Specialty sales productivity increased to around AU$13,500 per square meter.

The company reaffirmed its fiscal 2026 guidance, with funds from operations and adjusted funds from operations per security expected to be around the top end of the ranges of AU$0.15 to AU$0.152 and AU$0.128 to AU$0.13, respectively.

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