Real Estate

• Funds from operations (FFO), the property sector's preferred measure of underlying earnings, rose to $892 million after tax.

• For the six months to 30 June 2026, Scentre reported FFO of $612.4 million, or 11.73 cents per security, up 4.4% on the prior corresponding period.

• A majority of supermarkets, 58 per cent according to one results, also pay turnover rent once sales pass a threshold, linking part of the income to trading performance.

• That compares with 15.2 cents reported for FY26, implying growth of roughly 5.3% to 6.6%, according to the company.

• Total distributable earnings were $56.1 million, up 0.9 per cent, a gap that implies a lower average security count than a year earlier.

• Net tangible assets were $8.92 per security at 30 June 2026, about 1% higher over the year.

• OperatingEarningsper security (OEPS) were 129.9 cents, up 10.1%, and the distribution was 30.0 cents per security.