Supermarkets Put a Shine on SCA Property’s Interim Result. FVE Raised to AUD 2.22
Off the back of a solid first-half result, SCA Property Group has slightly upgraded fiscal 2018 earnings and distribution guidance. More rational behaviour by the major supermarket chains Coles and Woolworths, which have both reduced the rate of new store openings and hence the level of sales cannibalisation, has improved sales in supermarkets within SCA Property Group's portfolio. This is important in two ways, first, the higher supermarket sales growth trajectory translates into higher rent gr...
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