Should I buy Vicinity Centres stock in 2025?

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At HelloSafe, our expert has been tracking the Vicinity Centres share price for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Vicinity Centres.

What is Vicinity Centres?

How much is the Vicinity Centres stock?

The price of Vicinity Centres stock is rising this week. Currently, Vicinity Centres trades at $2.53 AUD per share, showing no change over the last 24 hours, but a 1.61% increase over the past week. The company boasts a market capitalization of $11.54 billion AUD and an average daily volume between 10.5 and 12.8 million shares over three months. Vicinity Centres is trading at a Price/Earnings ratio of 17.3, with a dividend yield of 4.68% and a stock beta of 1.17. This combination of steady income and moderate volatility positions the stock as an appealing option for investors seeking stability and growth.

Our Full Analysis of the Vicinity Centres Stock

After a thorough review of Vicinity Centres’s most recent financials and a detailed study of the stock’s performance trends over the past three years, we leveraged a variety of analysis techniques—from quantitative financial indicators to proprietary technical signal models, coupled with deep dives into sector benchmarks and competitor activity. This comprehensive approach offers valuable insights into the underlying dynamics shaping Vicinity Centres stock in 2025. So, why might Vicinity Centres stock once again become a strategic entry point into the retail property sector in 2025?

Recent performance and market context

Over the last year, Vicinity Centres stock has demonstrated notable outperformance, rising over 33% from its 52-week low to now trade at $2.53 per share. This upward swing outpaces the ASX All Ordinaries Index, confirming the security’s growing momentum. Key drivers include successful portfolio optimisation, positive investor sentiment following robust half-year and annual results, and accelerating specialty sales from flagship centres such as Chadstone. Importantly, operational updates have highlighted occupancy rates exceeding 98%, strong retail traffic recovery, and above-industry average specialty rents. Australia’s stabilising interest rate environment and persistent demand for retail space have further contributed to a supportive sector backdrop. The REIT sector, and Vicinity Centres in particular, benefit from resilient consumer spending and pent-up demand for in-person shopping, underpinned by cautious economic optimism.

Technical analysis

From a technical standpoint, Vicinity Centres is exhibiting clear bullish signals. Most striking is the stock’s firm hold well above its 200-day simple moving average, marking a resumption of its uptrend after a sustained period of consolidation. The RSI currently reads 62.58, suggesting the stock is trending with positive momentum but is not overbought, allowing for further upside. The MACD has recently crossed back above its signal line with a widening histogram—underlining emerging demand and the likelihood of sustained strength. Support is established at $1.78, with a decisive breakout above the $2.02 resistance level paving the way toward higher target ranges of $2.20 and beyond. Notably, a majority of moving average indicators (over 90%) generate bullish signals on both short- and medium-term timeframes. Volume upticks on positive sessions and the constructive alignment of moving averages reinforce the probability of continued advances. In short, Vicinity Centres appears to be entering a new bullish phase supported by technical confirmation.

Fundamental analysis

Digging deeper into the fundamentals, Vicinity Centres delivers convincing evidence of well-anchored growth. FY2024 results recorded revenue of $1.31 billion—growth of 6.62% year-over-year—while net income soared to $547.1 million, effectively doubling over the period. Earnings per share came in at $11.99, with forecasts indicating further improvement in FY2025. The REIT’s capacity for consistent profitability is reflected in its 4.68% dividend yield, a result of prudent payout strategies and sustainable operational cash flows (FFO up 5.6% YoY). Moreover, the price-to-earnings ratio of 17.3 and a price-to-book of 0.89 suggest Vicinity Centres is currently trading at a discount to net tangible assets (NTA), offering long-term value for quality-focused investors. Beyond the numbers, Vicinity Centres demonstrates structural strengths in portfolio diversity (60 properties, including premium assets), geographic scale, and strategic innovations such as experiential retail and sustainability initiatives. These factors distinguish it from many peers and create multiple levers for sustained outperformance.

Volume and liquidity

A key sign of market confidence in Vicinity Centres lies in consistently high trading volumes, averaging between 10.5 and 12.8 million shares daily over the past three months. Such robust liquidity signals ongoing institutional engagement and provides investors with narrow spreads and reliable price discovery. With 4.56 billion shares outstanding and the backing of major shareholders—including Gandel Group, BlackRock, and Vanguard—the stock’s float supports both valuation dynamism and accessibility for diverse investor types. This depth of liquidity further enhances Vicinity Centres’s potential to re-rate higher as new catalysts emerge.

Catalysts and positive outlook

What propels Vicinity Centres as a standout buy candidate for 2025 and beyond? First, its $2.7 billion redevelopment pipeline, featuring major projects at Chadstone and Box Hill Central, is poised to unlock fresh revenue streams and add tangible asset value. The company’s ESG commitment is notable—leadership in sustainable shopping centres with net zero operational targets by 2030, as well as a successful $450 million green bond issue, appeal to both institutional and retail investors increasingly focused on responsible investment. Recent launches—such as the Market Pavilion at Chadstone—alongside the resurgence in premium and experiential retail tenants, underpin solid operating performance and higher rental income going forward. Further, strategic asset recycling and portfolio optimisation, enabled by a sector-leading cost-to-income ratio (under 13%) and conservative gearing (25.8%), pay off in both resilience and growth capacity. Against the backdrop of a favourable macroeconomic environment—ranging from stabilising interest rates to supportive consumer trends—Vicinity Centres is positioned to make the most of rising demand for high-quality retail property.

Investment strategies

Vicinity Centres appeals to a diverse range of investment strategies. For short-term traders, the share’s recent technical breakout, robust bullish signals, and well-defined support levels provide a tactical play on price momentum and news-driven catalysts. Medium-term investors can look to the attractive valuation and upcoming redevelopment completions as triggers for further upward re-rating over the next 6-12 months. For long-term holders, the REIT’s solid dividend policy, premium asset base, and strong balance sheet offer a compelling blueprint for wealth creation and income generation, with the added upside of portfolio expansion and ESG leadership. Buying near technical lows or ahead of confirmed project completions and earnings releases may represent ideal entry points. The current market structure, combined with visible, actionable catalysts—and discounted valuation compared to NTA—reinforces the case for allocating capital to Vicinity Centres now, rather than later.

Is it the right time to buy Vicinity Centres?

Summing up, Vicinity Centres stands out with its exceptional balance of growth, income, and value. The security benefits from strong revenue and earnings growth, robust technical momentum, generous and well-covered dividends, and a distinguished track record of innovation in retail property management. Market liquidity, sector tailwinds, and a credible pipeline of catalysts—including major redevelopments and sustainability leadership—build a strong investment narrative. Trading below its net tangible asset value, with financial metrics and momentum aligning for further upside, the fundamentals clearly justify renewed interest. 2025 could see Vicinity Centres unlock even more value, as forecasts and sector sentiment both point to an optimistic projection for the year ahead. For investors seeking a blend of stable income, growth exposure, and a strategic position in the Australian REIT sector, Vicinity Centres seems to represent an excellent opportunity—and one that should not be overlooked as the next bullish phase emerges.

Vicinity Centres brings together solid fundamentals, technical conviction, and a pipeline of growth initiatives—making it a credible and timely consideration for any portfolio focused on property, income, or long-term value creation in Australia’s dynamic real estate landscape.

How to buy Vicinity Centres stock

Buying Vicinity Centres stock online is simple and secure with any regulated broker in Australia. Two popular methods are available: you can directly purchase shares (spot buying) or choose Contracts for Difference (CFDs) to speculate on price movements with leverage. Each method has distinct costs and risk profiles, so understanding both is key. For more help picking a broker, check out our comparison further down this page.

Spot buying

With cash buying, you directly own Vicinity Centres shares in your brokerage account. Australian brokers typically charge a fixed commission per trade—usually around $5 to $10 in local currency—and there are no ongoing financing costs or leverage. This method suits investors seeking long-term growth and dividend income.

Example of a Share Gain Scenario

If the Vicinity Centres share price is $2.53 AUD, you can buy around 394 shares with a $1,000 stake, including a brokerage fee of around $5.

✔️ Gain scenario:

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on Vicinity Centres allows you to speculate on price changes without owning the shares. You use leverage, amplifying both gains and losses, and pay fees mainly through the spread (the difference between buy and sell price) and overnight financing for positions held beyond a day. CFDs are well-suited for experienced traders seeking short-term opportunities.

CFD Gain Scenario: Vicinity Centres Shares

You open a CFD position on Vicinity Centres shares, with 5x leverage.

This gives you a market exposure of $5,000 with a $1,000 deposit.

✔️ Gain scenario:

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Before investing, always compare broker fees and terms to find the best fit for your needs. The best method depends on your investment goals: spot buying suits building wealth steadily, while CFDs may appeal if you’re pursuing higher returns in a shorter timeframe. For a side-by-side broker overview, see our comparator below.

Our 7 tips for buying Vicinity Centres stock

The latest news about Vicinity Centres

Vicinity Centres maintained positive momentum with a 1.61% share price increase in the last week. This performance builds on a 14.13% six-month rise and a strong 33.51% gain over the past year, further establishing the stock as an outperformer versus the ASX All Ordinaries Index and increasing its appeal among Australian investors.

New strategic green bond funding of $450 million supports sustainability and ongoing redevelopment projects. The successful completion of this green bond issue is dedicated to accelerating environmental upgrades and major redevelopments such as Chadstone and Box Hill Central, directly supporting both ESG differentiation and the region’s property market resilience.

Financial results exceeded expectations with yearly revenue up 6.62% and net income more than double. FY2024 saw Vicinity Centres’ revenue reach $1.31 billion and net income surge to $547.1 million, while earnings per share increased to $11.99, underpinned by robust specialty store sales and portfolio occupancy remaining above 98%—demonstrating outstanding operational execution in the domestic market.

Technical signals remain strongly bullish, with the price consistently above the 200-day moving average. Recent days have seen the MACD strengthening and the RSI at 62.58, confirming sustained upside momentum and indicating market participants’ constructive sentiment towards Vicinity Centres’ local growth trajectory.

The company’s $2.7 billion redevelopment pipeline signals long-term growth for the Australian retail property sector. With continued progress at flagship locations and strong demand from premium tenants, Vicinity Centres reaffirms its leadership position, and its focus on net zero operations by 2030 supports future value creation for Australian stakeholders.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.