Scentre Group (ASX: SCG) Share Price and News

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  • Scentre Group (ASX: SCG)
    Latest News

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    Scentre share price defies ASX 200 sell-off to lift on strong earnings outlook

    The retail property group owns and operates Westfield properties across Australia and New Zealand.

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    Frequently Asked Questions

    Yes, Scentre has historically paid two unfranked or partially franked shareholder dividends a year.

    Scentre generally pays its shareholder dividends in February and August.

    No, Scentre doesn’t offer a dividend reinvestment plan at this time.

    Scentre Ltd listed on the ASX on 25 June 2014.

    SCG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Scentre Group

    Scentre Group (ASX: SCG) owns and operates a portfolio of 42 Westfield shopping malls — 37 in Australia and five in New Zealand. The company owns the majority of the top 10 Australian and New Zealand's top five retail destinations, with the group's ownership interests totalling around $35 billion. Its retail assets under management are worth more than $51 billion.

    The company was formed in  2014 when Westfield Group separated its American and European businesses from its operations in Australia and New Zealand.

    For the year ended 31 December 2022, 99% of the group's rental income from its shopping centre portfolio came from contracted base rents. These were spread among anchor tenants, including department stores, discount stores, supermarkets, and cinemas, as well as specialty retailers and fitness and lifestyle tenants. 

    The company says its diversified revenue base reduces exposure to any single shopping centre or retailer. As at 31 December 2022, no anchor retailer contributed more than 3% of rental income, and no specialty retailer contributed more than 2%. Its 10 highest-valued retail shopping centres represented 57% of its portfolio value.

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