0029 GMT - Australian mall owner Scentre's share price falls 1.6% to A$3.61 despite management upgrading its annual guidance for earnings and distributions. Scentre now expects funds from operations of at least 23.79 Australian cents per security in 2026. It also raised its distribution forecast to 18.473 Australian cents per security. Jefferies notes the revised guidance falls short of its own expectation for FFO of 23.9 Australian cents/security. "We wouldn't expect material consensus FFO/security revisions following today's results," analyst Andrew Dodds says. Jefferies had a buy call and A$4.36/share price target on Scentre heading into today's result.
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