The independent financial analyst theScreener just slightly lowered the general evaluation of SHOPPING CENTRES (AU), active in the Real Estate Investment Trusts industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We make no changes to our AUD 2.30 fair value estimate for Shopping Centres Australia Property Group, or SCA Property Group, following the transition to a new analyst. With a portfolio largely skewed toward smaller neighbourhood centres, which have low barriers to entry, we retain our no-moat rating for the firm. Our medium fair value uncertainty, and standard stewardship ratings also remain intact. Last trading at AUD 2.62, the company trades at a 13% premium to our intrinsic assessment. With ...
We make no changes to our AUD 2.30 fair value estimate for Shopping Centres Australia Property Group, or SCA Property Group, following the transition to a new analyst. With a portfolio largely skewed toward smaller neighbourhood centres, which have low barriers to entry, we retain our no-moat rating for the firm. Our medium fair value uncertainty, and standard stewardship ratings also remain intact. Last trading at AUD 2.62, the company trades at a 13% premium to our intrinsic assessment. With ...
We make no changes to our AUD 2.30 fair value estimate for Shopping Centres Australia Property Group, or SCA Property Group, following the transition to a new analyst. With a portfolio largely skewed toward smaller neighbourhood centres, which have low barriers to entry, we retain our no-moat rating for the firm. Our medium fair value uncertainty, and standard stewardship ratings also remain intact. Last trading at AUD 2.62, the company trades at a 13% premium to our intrinsic assessment. With a...
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 o...
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 o...
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 o...
Shopping Centres Australasia, or SCA, Property Group owns a portfolio of 85 smaller shopping centres, overwhelmingly anchored by Woolworths businesses, which make up roughly two thirds of rental income. Assets are predominantly in suburban fringe and regional areas of Australia, and comprise neighbourhood (75% by value) and subregional (25%) shopping centres. The portfolio is quite young, which means many of the anchor tenants are some way from hitting the sales hurdles for them to commence payi...
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 o...
In order to fund the upcoming purchase of 10 shopping centres, Shopping Centres Australasia Property Group, or SCA Property, has undertaken a AUD 262 million institutional placement at AUD 2.32 per unit and is also undertaking a unit purchase plan, or UPP, raising up to a further AUD 50 million. Existing unitholders can subscribe for up to AUD 15,000 of additional new units with no brokerage or transaction costs. The price for each new SCA Property unit will be the lower of the institutional pla...
In order to fund the upcoming purchase of 10 shopping centres, Shopping Centres Australasia Property Group, or SCA Property, has undertaken a AUD 262 million institutional placement at AUD 2.32 per unit and is also undertaking a unit purchase plan, or UPP, raising up to a further AUD 50 million. Existing unitholders can subscribe for up to AUD 15,000 of additional new units with no brokerage or transaction costs. The price for each new SCA Property unit will be the lower of the institutional pla...
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