Scentre Group

SCG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Scentre Group Earnings: Westfield Operator Plans to Tap Into Residential Development

Jon Mills , Yingqi Tan

Feb 26, 2025

No-moat Scentre Group’s reported solid 2024 earnings, broadly in line with our forecasts and within company guidance. Funds from operations grew 3% to AUD 21.8 cents per security, buoyed by solid rent increases, partly offset by higher interest expenses. Distributions of AUD 17.2 cps represent a 79% payout of FFO.

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Scentre Group

Scentre Group Earnings: Westfield Operator Plans to Tap Into Residential Development

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