- Scentre Group maintains its full-year Funds From Operations (FFO) per security forecast, remaining between A$0.2175 to A$0.2225.
- The estimated FFO per security is A$0.22.
- The distribution per security will be at least A$0.172.
- In the first 12 weeks of 2024, Scentre Group has welcomed over 118 million customer visits, marking an increase of 2.1% compared to 2023.
- Total business partner sales for January and February 2024 are 3.1% higher than in 2023 and 13.4% more than in 2019.
- The company reaffirms its guidance, provided no significant changes in conditions occur.
- According to recent ratings, there are 7 buys, 4 holds, and 1 sell on Scentre Group‘s stock.
- All comparisons to past results are based on values reported by the company’s original disclosures.
A look at Scentre Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Scentre Group has a positive long-term outlook. The company scores high in value and dividend, indicating that it is a good investment option for those looking for stable returns. With a score of 4 in momentum, Scentre Group is also showing strong performance in the market.
Scentre Group is a retail real estate company that owns and develops shopping centers under the Westfield brand. The company’s portfolio covers properties in Australia and New Zealand, making it a major player in the retail industry in these regions. Despite a lower score in growth and resilience, Scentre Group‘s high scores in value and dividend make it a promising company for investors to consider.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
