Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

Vicinity Needs to Move Beyond a Two-Trick Pony. AUD 2.70 FVE Unchanged

Vicinity Centres' reported first-half fiscal 2018 earnings on a funds from operations, or FFO, basis of AUD 9.14 cents per security, or cps, is broadly unchanged from the previous corresponding period. Reiterated fiscal 2018 guidance for FFO of AUD 18.0 to 18.2 cps (implying growth of 2.8% to 4.0%) would seem easy to achieve, given the second half will benefit from a full run-rate from new developments (first and second stages of The Glen and Chadstone) and contracted rental growth for most spec...
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Morningstar
Morningstar

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.

Analysts
Tony Sherlock

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