SCA Property Tickles the Tills, but Is Susceptible to Slower Wage Growth (Corrected)
SCA Property Group’s reported fiscal 2017 funds from operations, or FFO, of AUD 14.7 cents per security was up 6.9% on the prior year and just ahead of guided growth of 6.2%. Guidance is for FFO growth of 3% in fiscal 2018 to AUD 15.1 cents per security, with underlying rental growth and growth initiatives partly offset by higher average borrowing and electricity costs. We’ve cut our medium- to long-term rent growth assumptions due to a slower growth outlook for household disposable income and p...Shopping Centres Australasia Property Group is an internally managed real estate investment trust. Co. is comprised of Shopping Centres Australasia Property Group Re Limited, the responsible entity to the Shopping Centres Australasia Property Management Trust and Shopping Centres Australasia Property Retail Trust. The units of each Trust are stapled together to form a stapled listed vehicle. Co. owns and manages a portfolio of sub-regional and neighbourhood shopping centres and freestanding retail assets. Co.'s portfolio is focused on convenience retailing. As of June 30 2016, Co. had a total of 83 operating properties, including 69 in Australia and 14 in New Zealand.
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