Vicinity Centres (ASX:VCX) expects FFO of 14.5-14.8 cents, and AFFO of 12.3-12.6 cents per share in FY25.

Tue 05 Nov 24, 07:51 AM | Team Kalkine

Image source: Shutterstock

Highlights

Vicinity Centres (ASX:VCX) is a retail REIT company in Australia with retail assets under management. The company offers variety of retail, residential, and office spaces. In the financial year 2024 (FY24), the company witnessed an 117.6% YoY increase in net income to AUD 549 million with a 4.2% YoY increase in revenue and income to AUD 1,253.6 million.

Leasing results have driven present and future income growth with portfolio occupancy touching 99.3%. The total portfolio recorded a 4.1% rise in comparable net property income (NPI).

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