Vicinity Centres (ASX: VCX) Share Price and News

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Vicinity Centres Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $8.67 billion
P/E Ratio 27.29
Dividend Yield 6.35%
Shares Outstanding 4.55 billion
Earnings per share 0.070
Dividend per share 0.12
Year To Date Return -3.75%
Earnings Yield 3.66%
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as at 24 Feb 3:44pm

  • Vicinity Centres (ASX: VCX)
    Latest News

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    ASX REITS and property shares led the 11 market sectors last week alongside a new record high for the ASX…

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    13 ASX 200 shares at 52-week highs

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    Earnings Results

    2 ASX 200 real estate shares leaping higher on earnings news

    ASX 200 investors are bidding up the two leading real estate stocks following their earnings reports.

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    Here's how the ASX 200 market sectors stacked up this week

    The ASX 200 gained 1.71% over the week and one market sector soared a whopping 5.9%!

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    The 2 ASX real estate shares everyone's piling on to right now

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    2 ASX 200 shares to buy at a 'significant discount'

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    Are ASX REITs rising like home values this year?

    Australian home values have risen 5.7% since March. We look at whether ASX REITs are following suit.

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    Frequently Asked Questions

    Yes, Vicinity Centres has historically paid two unfranked unitholder distributions a year in March and August/September.

    No, Vicinity Centres does not currently offer a distribution reinvestment plan. 

    Vicinity Centres listed on the ASX on 5 December 2011.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    20 Feb 2024 $0.0585 0.00% Interim 07 Mar 2024
    21 Aug 2023 $0.0625 0.00% Final 11 Sep 2023
    20 Feb 2023 $0.0575 0.00% Interim 07 Mar 2023
    22 Aug 2022 $0.0570 0.00% Final 12 Sep 2022
    21 Feb 2022 $0.0470 0.00% Interim 08 Mar 2022
    29 Jun 2021 $0.0660 0.00% Final 31 Aug 2021
    30 Dec 2020 $0.0340 0.00% Interim 02 Mar 2021
    30 Dec 2019 $0.0770 0.00% Interim 02 Mar 2020
    27 Jun 2019 $0.0795 0.00% Final 28 Aug 2019
    28 Dec 2018 $0.0795 0.00% Interim 04 Mar 2019
    28 Jun 2018 $0.0820 0.00% Final 29 Aug 2018
    28 Dec 2017 $0.0810 0.00% Interim 28 Feb 2018
    29 Jun 2017 $0.0000 0.00% Final 30 Aug 2017
    29 Dec 2016 $0.0870 0.00% Interim 02 Mar 2017
    29 Jun 2016 $0.0890 0.00% Final 30 Aug 2016
    29 Dec 2015 $0.0880 0.00% Interim 02 Mar 2016

    VCX 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 Vicinity Centres

    Vicinity Centres (ASX: VCX) is an Australian real estate investment trust (REIT) specialising in owning and managing shopping centres. It is currently the second-largest manager of Australian retail property. It was created after the merger of Federation Centres and Novion in 2015.

    The company has around 60 retail malls and shopping precincts under its management. It is also actively engaged in the development of mixed-use facilities incorporating offices, co-working spaces, and residential accommodations at some of its retail centres. Its directly-owned portfolio is valued at around $14.6 billion with assets under management totalling around $24 billion. 

    Vicinity's flagstone site is the Chadstone Shopping Centre and mixed-use precinct in suburban Melbourne. It also has seven premium CBD centres across Australia's three largest cities, as well as Australia's leading outlet centre portfolio..

     

    VCX Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    24 May 2024 $1.91 $-0.04 -2.06% 6,222,468 $1.92 $1.93 $1.91
    23 May 2024 $1.95 $-0.01 -0.51% 9,943,763 $1.96 $1.97 $1.95
    22 May 2024 $1.96 $0.00 0.00% 10,177,549 $1.97 $1.99 $1.96
    21 May 2024 $1.96 $0.02 1.03% 5,835,844 $1.93 $1.96 $1.93
    20 May 2024 $1.94 $0.00 0.00% 4,543,969 $1.94 $1.95 $1.93
    17 May 2024 $1.94 $-0.04 -2.03% 5,527,080 $1.96 $1.98 $1.94
    16 May 2024 $1.98 $0.05 2.60% 14,446,163 $1.96 $2.00 $1.96
    15 May 2024 $1.93 $0.02 1.05% 4,603,310 $1.93 $1.94 $1.91
    14 May 2024 $1.91 $-0.02 -1.04% 6,714,042 $1.91 $1.92 $1.90
    13 May 2024 $1.93 $0.01 0.52% 7,782,097 $1.92 $1.93 $1.90
    10 May 2024 $1.92 $0.00 0.00% 4,183,800 $1.93 $1.95 $1.92
    09 May 2024 $1.92 $-0.02 -1.03% 16,099,145 $1.94 $1.97 $1.92
    08 May 2024 $1.94 $0.00 0.00% 7,901,056 $1.96 $1.97 $1.94
    07 May 2024 $1.94 $0.03 1.57% 6,970,275 $1.93 $1.95 $1.92
    06 May 2024 $1.91 $0.00 0.00% 5,061,893 $1.92 $1.93 $1.91
    03 May 2024 $1.91 $0.03 1.60% 6,129,001 $1.89 $1.92 $1.89
    02 May 2024 $1.87 $-0.01 -0.53% 9,887,552 $1.88 $1.90 $1.87
    01 May 2024 $1.88 $-0.05 -2.60% 7,970,477 $1.88 $1.90 $1.87
    30 Apr 2024 $1.93 $0.03 1.58% 8,941,186 $1.91 $1.93 $1.90
    29 Apr 2024 $1.90 $0.01 0.53% 7,789,127 $1.93 $1.93 $1.90

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    08 Dec 2023 Peter Huddle Issued 1,167,250 $2,099,999
    Issue of securities. 29,77,213 Rights
    13 Oct 2023 Peter Huddle Issued 413,644 $737,485
    Issue of securities. Nil cash consideration, number of Stapled Securities calculated using the volume weighted average price of Stapled Securities for the ten trading days immediately.
    11 Sep 2023 Peter Huddle Issued 48,813 $87,863
    Conversion of securities.
    11 Sep 2023 Peter Huddle Exercise 41,421 $74,557
    Conversion of securities. 18,09,963 Rights, As per announcement on 13-09-2023
    22 Aug 2023 Tiffany Fuller Buy 55,000 $99,820
    On-market trade.
    17 Aug 2023 Clive Appleton Buy 50,000 $95,266
    On-market trade.
    15 Aug 2023 Peter Huddle Expiry 414,437 $766,708
    As advised by the company. 17,27,122 Rights, lapsed

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Trevor Gerber Non-Executive DirectorNon-Executive Chairman Jun 2015
    Mr Gerber worked for 14 years at Westfield, initially as Group Treasurer and subsequently as Director of Funds Management responsible for Westfield Trust and Westfield America Trust. He has been a professional director since 2000, and has experience in property, funds management, hotels and tourism, infrastructure, and aquaculture. Mr Gerber was elected as Vicinity's Chairman effective from the conclusion of the 2019 Annual General Meeting on 14 November 2019.
    Mr Timothy (Tim) Edward Douglas Hammon Non-Executive Director Dec 2011
    Mr Hammon has wealth management, property services and legal experience. Mr Hammon was previously Chief Executive Officer of Mutual Trust Pty and worked for Coles Myer reporting to the Chief Executive Officer in a range of senior executive roles including Chief Officer, Corporate and Property Services with responsibility for property development, leasing, and corporate strategy. He was also Managing Partner of various offices of the law firm previously known as Mallesons Stephen Jaques. Mr Hammon is the Chairman of the Risk and Compliance Committee and a member of the Human Resources Committee.
    Ms Janette A Kendall Non-Executive Director Dec 2017
    Ms Kendall has expertise in strategic planning, digital innovation, marketing, operations, and leadership across several industry sectors including digital and technology, marketing and communications, media, retail, fast-moving consumer goods, hospitality, gaming, property, and manufacturing. Ms Kendall's executive experience, both in Australia and China, includes Senior Vice President of Marketing at Galaxy Entertainment Group, China, Executive General Manager of Marketing at Crown Resorts, General Manager and Divisional Manager roles at Pacific Brands, Executive Director at Singleton Ogilvy and Mather, CEO of emitch Limited, and Executive Director of Clemenger BBDO. Ms Kendall is a member of the Human Resources Committee and the Risk and Compliance Committee.
    Mr Clive Robert Appleton Non-Executive Director Sep 2018
    Mr Appleton has extensive experience in property and funds management and property development, having worked for several of Australia's retail property investment, management, and development groups. Mr Appleton's executive experience includes Chief Executive Officer of Gandel Retail Trust and various senior executive positions with Jennings Group, where he was responsible for managing and developing its retail assets before a subsidiary was restructured to become Centro Properties, of which he became MD. Mr Appleton also held roles as Managing Director of The Gandel Group Pty where he was involved in the development of $1bn worth of property and MD of APN Property Group, including being instrumental in its float and responsible for managing its Private Funds division.
    Mr Michael John Hawker Non-Executive Director Nov 2022
    Mr Hawker has corporate experience, with over 35 years in the financial services industry, including as CEO and Managing Director of Insurance Australia Group from 2001 to 2008. Prior to this, he held senior positions at Westpac Banking Corporation, and with Citibank in Australia and Europe. Mr Hawker also brings understanding of risk management and a global perspective gained through his overseas experience. Mr Hawker is a member of Human Resources Committee.
    Mr Peter Kahan Non-Executive Director Jun 2015
    Mr Kahan has had a career in property funds management, with prior roles including Executive Deputy Chairman, Chief Executive Officer, and Finance Director of The Gandel Group. Mr Kahan was the Finance Director of The Gandel Group at the time of the merger between Gandel Retail Trust and Colonial First State Retail Property Trust in 2002. Prior to joining The Gandel Group in 1994, Mr Kahan worked as a Chartered Accountant and held several senior financial roles across a variety of industry sectors. Mr Kahan is Chairman of Human Resources Committee.
    Ms Tiffany Lee Fuller Non-Executive Director Nov 2022
    Ms Fuller is a public company Non-executive Director with experience in chartered accounting, corporate finance, investment banking, private equity, funds management and management consulting in Australia and globally. Ms Fuller is a member of the Risk and Compliance Committee. Ms Fuller currently serves on the Boards of Computershare Limited, Washington H. Soul Pattinson Limited, Australian Venue Co and Royal Children's Hospital Foundation.
    Ms Georgina Aileen Lynch Non-Executive Director Nov 2022
    Ms Lynch has 30 years combined executive and experience in the property and financial services sectors, including experience across all classes of property and in corporate transactions, capital raisings, initial public offerings, funds management, corporate strategy, and acquisitions and divestments. Ms Lynch is currently the Chair of Cbus Property, the wholly owned subsidiary of Cbus. Cbus Property has a significant portfolio of investments and developments in the commercial, retail, and residential property sectors. Ms Lynch is a member of the Risk and Compliance Committee.
    Mr Dion Werbeloff Non-Executive Director Nov 2022
    Mr Werbeloff has more than 30 years of experience in property and investment banking, including funds management, property development, corporate strategy, corporate finance and mergers and acquisitions. Dion Werbeloff has been CEO and a Director of The Gandel Group for the past four years, having previously held the role of Chief Operating Officer for five years. Prior to joining The Gandel Group, Mr Werbeloff had a career in investment banking, most recently as a Managing Director at Goldman Sachs and Chief Operating Officer of Goldman Sachs investment banking business in Australia and New Zealand. Mr Werbeloff is a member of the Risk and Compliance Committee.
    Mr Peter Charles Huddle Chief Executive OfficerManaging Director Feb 2023
    Mr Huddle was responsible for leading the Operations team, which included Property Management, Leasing, Development and Marketing. Prior to joining Vicinity, Peter has had experience in multiple global markets through several senior roles within the Westfield Group. Peter was most recently COO of Unibail-Rodamco-Westfield, USA post-acquisition of Westfield. Before the acquisition, Peter was Senior Executive Vice President and Co-Country Head of the USA, where he led the US Development teams through a prolific period of expansion. Before the US, he was COO of a Westfield Joint Venture in Brazil. Before Brazil, Peter had Asset Management and Development experience within the Australian market.
    Ms Carolyn Reynolds Company Secretary Nov 2015
    -
    Mr Rohan Abeyewardene Company Secretary Feb 2018
    -
    Adrian Chye Chief Financial Officer
    -
    Carolyn Reynolds Chief Legal Risk and ESG Officer
    -
    Tanya Southey Chief People and Organizational Development Officer
    -
    Carolyn Reynolds Company Secretary
    -
    Rohan Abeyewardene Company Secretary
    -
    David Marcun Deputy CFO
    -
    David McNamara Director Funds Management
    -
    Kirrily Lord Group Director Customer and Asset Management
    -
    Jeheon Son Group Director Development and Government
    -
    Matt Parker Group Director Leasing
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 1,399,843,378 30.75%
    J P Morgan Nominees Australia Pty Limited 958,780,899 21.06%
    Citicorp Nominees Pty Limited 488,291,555 10.73%
    Netwealth Investments Limited 403,407,130 8.86%
    BNP Paribas Nominees Pty Ltd 375,909,528 8.26%
    BNP Paribas Noms Pty Ltd 127,726,364 2.81%
    National Nominees Limited 118,759,087 2.61%
    Rosslynbridge Pty Ltd 92,069,814 2.02%
    Allowater Pty Ltd 63,624,571 1.40%
    Citicorp Nominees Pty Limited i 40,604,302 0.89%
    Ledburn Proprietary Limited 37,195,552 0.82%
    Broadgan Proprietary Limited 36,474,902 0.80%
    Cenarth Pty Ltd 31,605,848 0.69%
    Applebrook Pty Ltd 13,219,491 0.29%
    Jadecliff Pty Ltd 13,219,491 0.29%
    Rosecreek Pty Ltd 13,219,491 0.29%
    Moondale Pty Ltd 13,219,491 0.29%
    HSBC Custody Nominees (Australia) Limited i 11,955,116 0.26%
    Ledburn Proprietary Limited i 10,206,076 0.22%
    Artmax Investments Limited 9,262,865 0.20%
    Neweconomy Com Au Nominees Pty Limited 7,992,678 0.18%
    BNP Paribas Noms(Nz) Ltd 7,872,840 0.17%
    BNP Paribas Nominees Pty Ltd i 7,514,662 0.17%

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