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 $10.29 billion
P/E Ratio 18.93
Dividend Yield 5.18%
Shares Outstanding 4.55 billion
Earnings per share 0.120
Dividend per share 0.12
Year To Date Return 18.01%
Earnings Yield 5.28%
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as at 24 Feb 3:44pm

  • Vicinity Centres (ASX: VCX)
    Latest News

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    Will the 'resurgence in demand' for shopping centres boost ASX REITs?

    ASX REITs are likely to benefit from the "triple boost" of Australia's population, jobs, and income growth.

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

    ASX real estate shares were strongest among the 11 market sectors last week.

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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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    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
    23 Aug 2024 $0.0590 0.00% Final 16 Sep 2024
    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
    10 Oct 2024 $2.26 $0.01 0.44% 6,924,793 $2.26 $2.28 $2.24
    09 Oct 2024 $2.25 $0.02 0.90% 7,679,690 $2.25 $2.26 $2.24
    08 Oct 2024 $2.23 $-0.01 -0.45% 5,753,919 $2.21 $2.25 $2.21
    07 Oct 2024 $2.24 $-0.03 -1.32% 6,237,110 $2.24 $2.24 $2.20
    04 Oct 2024 $2.27 $0.02 0.89% 9,643,582 $2.23 $2.27 $2.22
    03 Oct 2024 $2.25 $0.03 1.35% 6,264,865 $2.23 $2.25 $2.22
    02 Oct 2024 $2.22 $-0.03 -1.33% 9,328,419 $2.24 $2.24 $2.21
    01 Oct 2024 $2.25 $0.04 1.81% 9,491,222 $2.22 $2.26 $2.21
    30 Sep 2024 $2.21 $-0.06 -2.64% 30,485,510 $2.29 $2.29 $2.21
    27 Sep 2024 $2.27 $-0.04 -1.73% 7,601,466 $2.31 $2.31 $2.26
    26 Sep 2024 $2.31 $0.05 2.21% 11,644,426 $2.27 $2.31 $2.26
    25 Sep 2024 $2.26 $-0.01 -0.44% 8,131,300 $2.27 $2.28 $2.24
    24 Sep 2024 $2.27 $-0.02 -0.87% 10,973,346 $2.30 $2.30 $2.25
    23 Sep 2024 $2.29 $0.02 0.88% 17,029,232 $2.30 $2.34 $2.29
    20 Sep 2024 $2.27 $-0.12 -5.02% 72,637,437 $2.39 $2.43 $2.27
    19 Sep 2024 $2.39 $0.03 1.27% 16,200,450 $2.34 $2.42 $2.34
    18 Sep 2024 $2.36 $0.00 0.00% 5,295,667 $2.36 $2.38 $2.35
    17 Sep 2024 $2.36 $0.03 1.29% 9,302,009 $2.35 $2.38 $2.34
    16 Sep 2024 $2.33 $0.01 0.43% 8,665,856 $2.34 $2.36 $2.33
    13 Sep 2024 $2.32 $0.00 0.00% 6,469,892 $2.32 $2.35 $2.31
    12 Sep 2024 $2.32 $0.04 1.75% 9,925,638 $2.30 $2.33 $2.28
    11 Sep 2024 $2.28 $0.00 0.00% 6,344,473 $2.28 $2.30 $2.27

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    30 Sep 2024 Peter Huddle Issued 344,767 $761,935
    Director remuneration.
    09 Sep 2024 Peter Huddle Exercise 414,206 $948,531
    Conversion of securities. 2,563,007 Rights
    09 Sep 2024 Peter Huddle Issued 430,942 $986,857
    Conversion of securities.
    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.

    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. Past Listed Directorships (last three years) - Sydney Airport (Chairman from 2015 to 2021 and Director from 2002).
    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 Limited and worked for Coles Myer Ltd reporting to the Chief Executive Officer in a range of senior executive roles including Chief Officer, Corporate and Property Services with responsibility for property and corporate strategy. He was also Managing Partner of offices of the law firm previously known as Mallesons Stephen Jaques. Mr Hammon is the Chairman of the Risk, Compliance and ESG Committee and a member of the Human Resources Committee. Mr Hammon is also the Chairman and a member, respectively, of the advisory boards of the Pacific Group of Companies and of Liuzzi Property Group, a Director of EQT Holdings Limited and an advisor to EMT Partners Pty Ltd.
    Ms Janette A Kendall Non-Executive Director Dec 2017
    Ms Kendall has expertise in strategic planning, digital innovation, marketing, operations and leadership across a number of 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 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 & Mather, CEO of emitch Limited, and Executive Director of Clemenger BBDO. Ms Kendall is a member of the Human Resources Committee and the Risk, Compliance and ESG Committee. Ms Kendall is also a Director of Melbourne Football Club, KM Property Funds, and Visit Victoria and Melbourne Convention Bureau (a subsidiary of Visit Victoria). Current Listed Directorships - Tabcorp Holdings Limited (since 2021). Past Listed Directorships (last three years) - Costa Group (from 2016 to 2024).
    Mr Clive Robert Appleton Non-Executive Director Sep 2018
    Mr Appleton has experience in property and funds management and property development, having worked for Australia's retail property investment, management and development groups. Mr Appleton's executive experience includes Chief Executive Officer of Gandel Retail Trust and 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 Limited, of which he became Managing Director. Mr Appleton also held roles as Managing Director of The Gandel Group Pty Limited where he was involved in the development of $1 billion worth of property and Managing Director of APN Property Group, including being in its float and responsible for managing its Private Funds division. Mr Appleton was also previously a Non executive Director of Federation Centres and the RE from December 2011 to the time of the merger with Novion Property Group in June 2015. Mr Appleton is currently Chairman of Aspen Group and Pancare Foundation, Deputy Chairman of The Gandel Group Pty Limited, and a Director of Perth Airport Pty Ltd and Perth Airport Development Group Pty Ltd. Current Listed Directorships - Aspen Group (Chairman since 2012). Past Listed Directorships (last three years) - APN Property Group Limited (from 2004 to 2021).
    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 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 the Risk, Compliance and ESG Committee. Mr Hawker currently serves on the Boards of Washington H. Soul Pattinson Limited, Allianz Australia, BUPA Global, BUPA Australia, and the Museum of Contemporary Art. Mr Hawker was previously a Director of Macquarie Group Limited and Macquarie Bank Limited, and Aviva plc. Mr Hawker was also President of the Insurance Council of Australia, Chairman of the Australian Financial Markets Association, a Board member of the Geneva Association and a member of the Financial Sector Advisory Council. Mr Hawker was made a Member of the Order of Australia for services to the community in 2010. Current Listed Directorships - Washington H. Soul Pattinson Limited (since 2012). Past Listed Directorships (last three years) - Westpac Banking Corporation (from 2020 to 2023) and Altium Limited (from 2023 to 2024).
    Mr Peter Kahan Non-Executive Director Jun 2015
    Mr Kahan has had 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, Mr Kahan worked as a Chartered Accountant and held financial roles across a variety of industry sectors. Mr Kahan is Chairman of the Human Resources Committee. Mr Kahan's skills include strategy, property funds management, finance, mergers and acquisitions, investment, leadership and governance. Mr Kahan has previously been a Director of Charter Hall Group and Dexus Wholesale Property Limited and the Chairman of the Advisory Board of Quintessential Equity.
    Ms Tiffany Lee Fuller Non-Executive Director Nov 2022
    Ms Fuller is an experienced 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 currently serves on the Boards of Computershare Limited, Washington H. Soul Pattinson Limited, Australian Venue Co and Royal Children's Hospital Foundation. Ms Fuller's skills include finance and accounting, strategy, M&A, risk management and governance. Her career includes roles at Arthur Andersen and Rothschild and spans industry sectors including retail, financial services, technology, resources and infrastructure. Ms Fuller is member of the Risk, Compliance and ESG Committee.
    Ms Georgina Aileen Lynch Non-Executive Director Nov 2022
    Ms Lynch has 30 years combined executive and board 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 portfolio of investments and developments in the commercial, retail and residential property sectors. Ms Lynch is a member of the Human Resources Committee. Ms Lynch is Chair of Waypoint REIT, and Chair of the Waypoint REIT Nominations Committee, and Non-executive Director of Evolve Housing and member of the Evolve Housing Audit and Risk Committee. Past Listed Directorships (last three years) Tassal Group (from 2018 to 2022) and Irongate Group (from 2019 to 2022).
    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. Mr Werbeloff has been CEO and a Director of The Gandel Group for the past five 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, Compliance and ESG Committee. Mr Werbeloff is also a Director of JDRF Australia
    Mr Peter Charles Huddle Chief Executive OfficerManaging Director Feb 2023
    Mr Huddle has had experience in global markets through a number of 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 period of expansion. Before the US, he was COO of a Westfield Joint Venture in Brazil. Previous to Brazil, Peter had Asset Management and Development experience within the Australian market. Peter has over 25 years of experience in Real Estate Development and Asset Management and is a graduate of the Stanford Executive Program. Peter is Deputy Chair of the Shopping Centre Council of Australia and a member of Champions of Change Property.
    Ms Carolyn Reynolds Company Secretary Nov 2015
    -
    Mr Rohan Abeyewardene Company Secretary Feb 2018
    -
    Adrian Chye Chief Financial Officer
    -
    Tanya Southey Chief People and Organisational Development Officer
    -
    Carolyn Reynolds Company Secretary
    -
    Rohan Abeyewardene Company Secretary
    -
    David McNamara Director Funds Management
    -
    Kirrily Lord Group Director Customer & Asset Management
    -
    Jeheon Son Group Director Development and Government Relations
    -
    Matt Parker Group Director Leasing
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited i 1,362,785,155 29.94%
    J P Morgan Nominees Australia Pty Limited 983,563,170 21.61%
    Citicorp Nominees Pty Limited i 459,687,625 10.10%
    BNP Paribas Nominees Pty Ltd i 428,872,629 9.42%
    Netwealth Investments Limited 401,080,006 8.81%
    Rosslynbridge Pty Ltd 92,069,814 2.02%
    Buttonwood Nominees Pty Ltd 82,990,000 1.82%
    BNP Paribas Noms Pty Ltd 77,024,223 1.69%
    Allowater Pty Ltd 63,624,571 1.40%
    National Nominees Limited 54,376,077 1.19%
    Citicorp Nominees Pty Limited ii 42,810,501 0.94%
    Ledburn Proprietary Limited i 37,195,552 0.82%
    Broadgan Proprietary Limited 36,474,902 0.80%
    HSBC Custody Nominees (Australia) Limited ii 31,899,188 0.70%
    Cenarth Pty Ltd 31,605,848 0.69%
    Applebrook Pty Ltd 13,219,491 0.29%
    Jadecliff Pty Ltd 13,219,491 0.29%
    Moondale Pty Ltd 13,219,491 0.29%
    Rosecreek Pty Ltd 13,219,491 0.29%
    Ledburn Proprietary Limited ii 10,206,076 0.22%
    BNP Paribas Nominees Pty Ltd ii 9,959,076 0.22%
    Artmax Investments Limited 9,262,865 0.20%
    Pacific Custodians Pty Limited 7,262,599 0.16%

    Profile

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