Vicinity Centres
ASX:VCX

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Vicinity Centres
ASX:VCX
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Price: 2.095 AUD 1.21% Market Closed
Market Cap: 9.5B AUD
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Vicinity Centres
Operating Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
|

Vicinity Centres
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Income CAGR 3Y CAGR 5Y CAGR 10Y
Vicinity Centres
ASX:VCX
Operating Income
AU$788.4m
CAGR 3-Years
7%
CAGR 5-Years
0%
CAGR 10-Years
4%
S
Shopping Centres Australasia Property Group Re Ltd
ASX:SCP
Operating Income
AU$228.9m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
BWP Trust
ASX:BWP
Operating Income
AU$144.7m
CAGR 3-Years
4%
CAGR 5-Years
1%
CAGR 10-Years
3%
Scentre Group
ASX:SCG
Operating Income
AU$1.7B
CAGR 3-Years
4%
CAGR 5-Years
-1%
CAGR 10-Years
N/A
Home Consortium Ltd
ASX:HMC
Operating Income
AU$19.8m
CAGR 3-Years
-17%
CAGR 5-Years
13%
CAGR 10-Years
N/A
R
Region Re Ltd
ASX:RGN
Operating Income
AU$218.9m
CAGR 3-Years
7%
CAGR 5-Years
5%
CAGR 10-Years
N/A
No Stocks Found

Vicinity Centres
Glance View

Market Cap
9.5B AUD
Industry
Real Estate
Economic Moat
None

In the bustling landscape of Australian retail real estate, Vicinity Centres has carved out a significant presence as one of the leading retail property groups. Born from the merger of Federation Centres and Novion Property Group in 2015, this company owns and manages a portfolio packed with some of the most iconic shopping centres across Australia. Vicinity Centres operates primarily as a Real Estate Investment Trust (REIT), allowing investors to buy shares and receive returns in the form of dividends, sourced from the rental income and long-term value growth of its properties. This organizational approach gives Vicinity Centros a dual focus: maintaining robust relationships with retail tenants to ensure steady income streams while constantly innovating and upgrading their properties to maximize value and foot traffic. The company makes its money by leasing retail spaces to a diverse mix of tenants, from high-profile international brands to local Australian businesses, ensuring a broad appeal and a resilient tenancy base. This rental income is the lifeblood of Vicinity Centres, but their revenue strategy is not just about collecting rent. They also focus on developing vibrant, community-centric environments within their centres, often incorporating entertainment venues, dining options, and experiences that draw in visitors and increase dwell time. By doing so, Vicinity not only boosts the attractiveness of its properties to consumers but also enhances the desirability and profitability of its spaces for tenants, which in turn supports rental growth and high occupancy rates.

VCX Intrinsic Value
2.409 AUD
Undervaluation 13%
Intrinsic Value
Price

See Also

What is Vicinity Centres's Operating Income?
Operating Income
788.4m AUD

Based on the financial report for Jun 30, 2024, Vicinity Centres's Operating Income amounts to 788.4m AUD.

What is Vicinity Centres's Operating Income growth rate?
Operating Income CAGR 10Y
4%

Over the last year, the Operating Income growth was 0%. The average annual Operating Income growth rates for Vicinity Centres have been 7% over the past three years , and 4% over the past ten years .

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