SCA Property's Focus on Convenience Delivers a Resilient Result. FVE Unchanged at AUD 2.30
Shopping Centres Australia Property Group, or SCA Property, delivered first-half 2019 earnings on a funds from operations, or FFO, basis of AUD 8.1 cents per unit up 7.7%. This puts it firmly on track to deliver a small beat to reiterated fiscal 2019 guidance of AUD 16.2 cents per unit, or cpu, and distribution guidance of AUD 14.7 cpu. We’ve made minor compositional revisions to our forecasts and no-moat-rated SCA Property screens as slightly overvalued, currently trading at AUD 2.48 versus our...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.