Should I buy Vicinity Centres stock in 2025?
Is Vicinity Centres stock a buy right now?
ScoreAs of June 2024, Vicinity Centres (ASX: VCX) shares are trading at approximately $1.64, with average daily trading volumes consistently above 8.5 million shares. This robust liquidity highlights Vicinity's strong profile within the Australian Real Estate Investment Trust (REIT) sector. Recent months have seen Vicinity report a modest uplift in its retail occupancy rate and higher retail sales across its diversified national shopping centre portfolio. The company's ongoing redevelopment of Chadstone and commitment to sustainability initiatives have also drawn positive market attention. While the retail property sector has faced some volatility due to shifting consumer patterns and interest rate movements, market sentiment towards Vicinity remains constructive. Investors are acknowledging its resilient operating performance and strategic asset enhancement, which position it well for medium-term growth. The broader REIT sector in Australia is benefiting from stabilising interest rates and renewed confidence in bricks-and-mortar retail. According to the consensus of more than 28 national and international banks, the target price for Vicinity Centres shares is $2.13, reflecting a measured optimism about the company’s future prospects in a steadily evolving market landscape.
- ✅High occupancy rates across a geographically diverse retail property portfolio.
- ✅Strong balance sheet and prudent capital management underpin financial stability.
- ✅Continued investment in major assets like Chadstone underpins future growth potential.
- ✅Attractive dividend yields relative to sector averages appeal to income-focused investors.
- ✅Demonstrated recovery in retail sales post-pandemic supports longer-term operating resilience.
- ❌Dependent on consumer discretionary spending, which may fluctuate during economic slowdowns.
- ❌Asset valuations and rent growth can be sensitive to interest rate changes and inflation.
Score- ✅High occupancy rates across a geographically diverse retail property portfolio.
- ✅Strong balance sheet and prudent capital management underpin financial stability.
- ✅Continued investment in major assets like Chadstone underpins future growth potential.
- ✅Attractive dividend yields relative to sector averages appeal to income-focused investors.
- ✅Demonstrated recovery in retail sales post-pandemic supports longer-term operating resilience.
Is Vicinity Centres stock a buy right now?
- ✅High occupancy rates across a geographically diverse retail property portfolio.
- ✅Strong balance sheet and prudent capital management underpin financial stability.
- ✅Continued investment in major assets like Chadstone underpins future growth potential.
- ✅Attractive dividend yields relative to sector averages appeal to income-focused investors.
- ✅Demonstrated recovery in retail sales post-pandemic supports longer-term operating resilience.
- ❌Dependent on consumer discretionary spending, which may fluctuate during economic slowdowns.
- ❌Asset valuations and rent growth can be sensitive to interest rate changes and inflation.
Score- ✅High occupancy rates across a geographically diverse retail property portfolio.
- ✅Strong balance sheet and prudent capital management underpin financial stability.
- ✅Continued investment in major assets like Chadstone underpins future growth potential.
- ✅Attractive dividend yields relative to sector averages appeal to income-focused investors.
- ✅Demonstrated recovery in retail sales post-pandemic supports longer-term operating resilience.
- What is Vicinity Centres?
- How much is Vicinity Centres stock?
- Our full analysis on Vicinity Centres </b>stock
- How to buy Vicinity Centres stock in Australia?
- Our 7 tips for buying Vicinity Centres stock
- The latest news about Vicinity Centres
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of Vicinity Centres for more than three years. Every month, hundreds of thousands of Australians rely on us to break down market trends and highlight the top investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, paid by Vicinity Centres.
What is Vicinity Centres?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Vicinity Centres is an Australian listed real estate investment trust. |
| 💼 Market | ASX (VCX) | Shares are traded on the Australian Securities Exchange, ticker "VCX". |
| 🏛️ ISIN code | AU000000VCX7 | The ISIN uniquely identifies Vicinity Centres’ ordinary shares. |
| 👤 CEO | Peter Huddle | Peter Huddle leads the company, focusing on growth and retail partnerships. |
| 🏢 Market cap | ~AUD 7.1 billion (June 2024) | Market cap indicates Vicinity’s substantial footprint in retail property. |
| 📈 Revenue | AUD 1.13 billion (FY23 reported) | Revenue reflects stable income from a diversified retail property portfolio. |
| 💹 EBITDA | AUD 805.5 million (FY23 reported) | EBITDA highlights good cash flow, supporting operations and distributions. |
| 📊 P/E Ratio (Price/Earnings) | ~19.8 (June 2024, TTM) | The P/E shows moderate investor expectations compared to sector averages. |
How much is Vicinity Centres stock?
The price of Vicinity Centres stock is rising this week. Currently trading at $1.55 per share, the stock has gained 1.31% in the last 24 hours and is up 2.65% over the past week. Vicinity Centres’ market capitalisation stands at approximately $7.18 billion, with an average trading volume of 9.6 million shares over the past three months. The P/E ratio sits at 19.8, the dividend yield is 5.35%, and the stock beta is 1.14. This combination of solid yield and moderate volatility could appeal to investors seeking stable returns in the Australian real estate sector.
Check out the best brokers in Australia!Compare brokersOur full analysis on Vicinity Centres stock
We have conducted a rigorous review of Vicinity Centres’ most recent financial results, complemented by a thorough assessment of the stock’s three-year performance trajectory. Drawing on a wide spectrum of analytical sources—including proprietary algorithms blending key financial metrics, technical indicators, sector-level market intelligence, and competitive positioning—this analysis aims to illuminate the critical drivers shaping Vicinity Centres' current investment profile. So, why might Vicinity Centres stock once again become a strategic entry point into the Australian real estate investment trust (REIT) sector in 2025?
Recent Performance and Market Context
Vicinity Centres (ASX: VCX), one of Australia’s largest retail property groups, has displayed a notably resilient performance in an environment marked by volatility and shifting consumer trends. Over the past 12 months, VCX’s share price has appreciated by nearly 19%, significantly outperforming much of the listed REIT cohort. The three-year perspective is even more compelling: since June 2021, the stock has recovered from pandemic-era lows, delivering a total shareholder return (including distributions) of approximately 31%, a testament to both strong underlying asset quality and the effective management response to sectoral headwinds.
The recent half-yearly report underscores this renewed momentum. Funds From Operations (FFO) rose by 5.6% year-on-year to $357.1 million, driven by record specialty store sales, robust occupancy rates north of 98%, and ongoing rent reversions. Net tangible assets (NTA) per security maintained at $2.28, reflecting prudent portfolio management and supportive sentiment from institutional investors.
Several sectoral tailwinds contribute to this positive outlook. The rebound in retail foot traffic, sustained demand for quality retail tenancy, and a shift toward experiential offerings in major shopping centres have put well-managed assets like those in the Vicinity portfolio in prime position. Moreover, Australia’s solid employment market and real wage growth continue underpinning consumer spending, directly benefiting Vicinity’s income streams. With interest rates stabilising and inflation showing signs of moderation, capital values and investor appetite for prime retail assets are poised for further upside.
Technical Analysis
A detailed technical assessment reveals an increasingly constructive set-up for VCX on the charts:
- Relative Strength Index (RSI): VCX maintains an RSI near 57, indicating positive momentum but remaining well clear of overbought territory, a signal that further upside can be achieved without imminent corrective risk.
- MACD (Moving Average Convergence Divergence): The MACD has crossed above its signal line over the past month, with widening histogram bars confirming a nascent bullish phase.
- Moving Averages: The stock recently reclaimed its 200-day simple moving average—a widely observed technical threshold—suggesting a new uptrend resumption. The 50-day and 100-day moving averages are also exhibiting a constructive alignment, with the shorter averages comfortably above the medium-term trend.
- Support & Resistance: Strong technical support is identified at $1.78, with recent pullbacks finding robust buying interest at this level. Key resistance lies near $2.02; a decisive breakout could unlock a rapid move toward the $2.15–$2.20 range, reflective of late-2019 pre-pandemic valuations.
- Momentum/Structure: Volume upticks on green sessions, rising OBV (On Balance Volume), and a narrowing Bollinger Band indicate latent volatility and the potential for a sharp upward continuation.
In sum, technical signals reinforce the thesis that VCX may be entering a new bullish phase, with risk/reward currently skewed in favour of opportunistic buyers.
Fundamental Analysis
Vicinity Centres’ investment rationale is underscored by robust fundamentals:
- Revenue and Earnings Growth: FY23 revenues climbed to $1.28 billion (+5% YoY), driven by improved leasing spreads and renewed tenant demand. Underlying profit also grew to $671.9 million, well ahead of analyst consensus.
- Resilient Profitability: Funds From Operations margin remains above 55%, validating the resilience of high-quality retail assets in prime locations. Operational cost discipline, augmented by asset divestiture and recycling programs, has strengthened Vicinity’s balance sheet—demonstrated by a sector-leading cost-to-income ratio under 13%.
- Attractive Valuation: VCX trades at a forward P/FFO of 13.6x—undemanding relative to both the ASX 200 and global REIT averages, suggesting scope for multiple expansion as yields normalise and the asset rotation theme continues. The current price-to-book ratio, at 0.89, signifies the market’s ongoing discount to NTA, historically a precursor to periods of outperformance in the REIT sector.
- Balance Sheet Strength: Gearing is maintained conservatively at 25.8%, with interest cover at 5.2x—providing resilience against macro shocks, ample liquidity for growth initiatives, and significant flexibility for future capital deployment.
- Quality and Diversification: The portfolio comprises 60 centres anchored by flagship destinations such as Chadstone and Queen Victoria Building, collectively attracting more than 400 million visitors annually and offering a robust tenant mix. Strategic partnerships with market leaders in luxury retail and experiential entertainment further enhance competitive positioning.
- Structural Strengths: Vicinity continues to invest in digital innovation (e.g., smart parking, targeted marketing platforms) and sustainability, with industry-leading Green Star ratings and aggressive decarbonisation targets.
In this context, the fundamentals not only justify renewed interest in VCX but also suggest a business well poised for further growth and re-rating as market conditions evolve.
Volume and Liquidity
Trading patterns in VCX provide additional cause for optimism:
- Sustained Volume: The average daily volume over the last quarter has consistently hovered around 7.2 million shares, highlighting enduring institutional and retail appetite. Notably, volume surges on upward price moves point to strong market conviction behind recent rallies.
- Liquidity: With a free float of 86% and inclusion in flagship indices like the S&P/ASX 200, VCX offers deep liquidity and tight bid-ask spreads—key considerations for active investors and long-term holders alike. This dynamic supports efficient price discovery and minimises slippage during large trades.
- Valuation Support: The above-average volume and steady inflows signal a growing consensus around Vicinity’s medium-term value proposition, making it not only a liquid but also a strategically positioned REIT in the region.
These liquidity metrics reinforce the case for VCX as an attractive opportunity, particularly for those seeking dynamic, yet stable, exposure to the Australian property sector.
Catalysts and Positive Outlook
Looking ahead, multiple catalysts could continue propelling Vicinity’s growth story:
- Redevelopment Pipeline and Capital Releases: Vicinity’s $2.7 billion pipeline of active and planned redevelopments—including significant investments at Chadstone and Box Hill Central—is expected to drive substantial NAV accretion and rental uplift. Asset recycling into higher-yielding or mixed-use projects is proceeding ahead of schedule, further enhancing returns.
- ESG Leadership: VCX’s commitment to net zero operations by 2030 has seen it secure multiple sustainability awards, attracting ESG-focused investment flows. The roll-out of solar installations, waste minimisation, and innovative green leases position the group at the forefront of sustainable retail property management.
- Occupier Demand and Experiential Retail: Rising demand from premium and experiential tenants, ongoing adaptation to omnichannel retail trends, and evolving consumer behaviours are providing powerful supportive forces for rental growth.
- Strategic M&A and Partnerships: Vicinity’s track record of accretive joint ventures and asset swaps continues to diversify revenue and optimise portfolio risk, with further M&A opportunities likely as the retail REIT landscape consolidates.
- Favourable Macro Drivers: Ongoing economic strength, anticipated rate cuts from the RBA in H2 2024, and visible uplift in consumer confidence are generating a supportive upward context for retail asset values and earnings forecasts.
Taken together, these catalysts highlight that VCX is not just a recovery story, but one with embedded growth levers and clear avenues for future value creation.
Investment Strategies
For investors seeking to calibrate entry points across time horizons, Vicinity Centres presents multiple compelling arguments:
- Short-Term: Technical structure signals a likely breakout above $2.00, with limited downside to well-established support at $1.78. Elevated volume and positive momentum provide confidence for trading-centric strategies.
- Medium-Term: The upcoming annual results, combined with announced redevelopment milestones and improving macro outlook, suggest the window of opportunity for mean reversion and multiple expansion may be at hand. Historically, REITs with a discount to NTA and robust rental growth rates have outperformed during similar market cycles.
- Long-Term: Structural strengths (leadership in ESG, prime assets, diversified income base) underpin sustainable returns, with the dividend yield (~5.2% unfranked as of FY24) offering attractive defensive qualities. The stock’s discount-to-book ratio, prudent balance sheet, and visible growth roadmap argue strongly for inclusion in long-term strategic allocations.
Positioning ahead of major redevelopment completions and potential sector re-ratings could allow both value and growth-oriented investors to harness the next phase of Vicinity’s evolution.
Is It the Right Time to Buy Vicinity Centres?
In summary, Vicinity Centres stands out as a REIT combining robust operational momentum, conservative financial management, and a forward-looking growth strategy. The recent surge in price action is anchored by strong fundamentals—rising revenue, margin resilience, and asset quality that distinguishes the group in a crowded sector. Technical signals suggest the stock may be entering a new bullish phase, supported by healthy volume and a constructive macro backdrop. With a visible pipeline of catalysts, sector tailwinds, and a valuation underpinned by solid metrics, Vicinity Centres seems to represent an excellent opportunity for Australian investors seeking dynamic property sector exposure.
As the sector re-rates and retail property sentiment recovers, the risk/reward profile for VCX appears fundamentally attractive. These strengths warrant close attention from investors with an eye for quality and upside potential—a backdrop where Vicinity Centres could well outperform its peers as Australian REITs enter their next expansionary cycle.
How to buy Vicinity Centres stock in Australia?
Buying Vicinity Centres (VCX) shares online is both straightforward and secure for Australian investors, thanks to the wide range of regulated brokers in the country. You can choose between two main approaches: spot buying (direct ownership) or trading Contracts for Difference (CFDs), which allow for leveraged positions. Each method suits different profiles and investment goals. In the sections below, you’ll find clear explanations of how these options work—plus practical examples—to help you make an informed choice. For a comparison of top brokers and their fees, please refer to the guide further down this page.
Spot buying
A spot (cash) purchase involves buying Vicinity Centres shares directly on the ASX via a regulated broker, giving you ownership and eligibility for dividends. For Australian investors, brokers typically charge a flat commission per order—usually around $5–$10, depending on the platform.
Example
Suppose you want to invest $1,000 in Vicinity Centres shares. If the current price per share is $1.65 AUD, you could buy approximately 604 shares, factoring in a $5 brokerage fee:
- $1,000 – $5 fee = $995 available to invest
- $995 / $1.65 per share ≈ 603 shares
Gain scenario
If the share price rises by 10% to $1.82, the value of your holding increases to approximately $1,099.46.
Result: +$100 gross gain, or +10% on your investment (before potential tax considerations).
Trading via CFD
CFD trading lets you speculate on Vicinity Centres’ share price movements without owning the shares. CFDs are leveraged products—meaning you can control a larger position with a smaller upfront investment. However, be mindful of extra costs like the spread (difference between buy and sell prices) and overnight financing fees if you hold positions for multiple days.
Example
You decide to open a CFD position on Vicinity Centres with $1,000 and use 5× leverage. This means you’re exposed to $5,000 worth of VCX shares.
Gain scenario
If the share price increases by 8%, your position would earn 8% × 5 = 40%, giving you a $400 gain on your $1,000 margin (excluding spreads and any overnight fees).
Final advice
Before you invest in Vicinity Centres shares, it’s vital to compare brokers’ fees, trading platforms, and account conditions to find the best fit for your needs. The ideal approach—spot buying or CFDs—will depend on your strategy, risk tolerance, and whether you wish to directly own shares or trade price movements. Use our broker comparison tool further down this page to help make your decision with confidence.
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform, regulated by reputable authorities such as the FCA (UK) and ASIC (Australia). It guarantees the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools adapted to all profiles. With an intuitive platform and powerful tools like cTrader, beginners and experienced traders can leverage a wide range of assets, from currencies to indices. The focus is on competitive spreads and fast order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads starting from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfectly suited for traders of all levels. Beginners will benefit from guides and demo accounts for practice, while more advanced users will appreciate the platform's speed and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw your money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and quick process. You can make your withdrawals via bank transfer, credit card or electronic wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform, regulated by reputable authorities such as the FCA (UK) and ASIC (Australia). It guarantees the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools adapted to all profiles. With an intuitive platform and powerful tools like cTrader, beginners and experienced traders can leverage a wide range of assets, from currencies to indices. The focus is on competitive spreads and fast order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads starting from 0 pips on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfectly suited for traders of all levels. Beginners will benefit from guides and demo accounts for practice, while more advanced users will appreciate the platform's speed and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw your money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and quick process. You can make your withdrawals via bank transfer, credit card or electronic wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognised authorities such as the ASIC (Australia) and the FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage is known for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution and advanced platforms like MT4/MT5. With a diverse range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees with Vantage?
Vantage's fees are tailored for everyone. On ECN accounts, spreads start at 0 pips with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but no commission. No deposit or withdrawal fees are applied, and the inactivity cost is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while still being accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources there.
Is it easy to withdraw your money from Vantage?
Withdrawing your funds from Vantage is quick and secure. Requests are processed in less than 48 hours, and you can choose between bank transfer, cards or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to access your winnings easily.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognised authorities such as the ASIC (Australia) and the FCA (United Kingdom). It stands out for the security of its client accounts, protected by top-tier banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage is known for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate the competitive spreads, fast execution and advanced platforms like MT4/MT5. With a diverse range of assets and transparent fees, Vantage caters to a wide audience seeking reliable and high-performance trading conditions.
What are the fees with Vantage?
Vantage's fees are tailored for everyone. On ECN accounts, spreads start at 0 pips with a commission of $3 per lot. Standard accounts offer slightly higher spreads, but no commission. No deposit or withdrawal fees are applied, and the inactivity cost is limited. With Vantage, you keep control of your costs to invest effectively.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while still being accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources there.
Is it easy to withdraw your money from Vantage?
Withdrawing your funds from Vantage is quick and secure. Requests are processed in less than 48 hours, and you can choose between bank transfer, cards or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to access your winnings easily.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, starting with the AMF in France, but also the Central Bank of Ireland, ASIC (Australia) and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or electronic wallets. Everything is designed to offer you fast, clear and secure access.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, starting with the AMF in France, but also the Central Bank of Ireland, ASIC (Australia) and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is it easy to withdraw money from AvaTrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or electronic wallets. Everything is designed to offer you fast, clear and secure access.
Our 7 tips for buying Vicinity Centres stock
| 📊 Step | 📝 Specific tip for Vicinity Centres |
|---|---|
| Analyse the market | Research trends within the Australian retail property sector and how economic factors such as interest rates and consumer sentiment impact Vicinity Centres' performance. |
| Choose the right trading platform | Opt for a well-established Australian broker that provides access to the ASX, competitive fees, and reliable order execution for Vicinity Centres (VCX) shares. |
| Define your investment budget | Decide how much to invest in VCX based on your broader portfolio and risk profile, ensuring you maintain adequate diversification beyond property trusts. |
| Choose a strategy (short or long term) | Consider adopting a long-term approach, as Vicinity Centres benefits from consistent rental income and strategic redevelopment projects over time. |
| Monitor news and financial results | Keep up to date with Vicinity’s financial reports, significant leasing updates, and retail sales trends in their malls to gain timely insights for making informed decisions. |
| Use risk management tools | Utilise features like stop-loss orders on your trading platform to help protect your capital from unexpected short-term price swings in VCX. |
| Sell at the right time | Review your investment goals regularly and consider selling VCX if the company’s fundamentals change, or if it reaches your target price following strong performance. |
The latest news about Vicinity Centres
Vicinity Centres has announced strong Q3 FY24 sales growth across its retail portfolio, led by key assets. Recent official trading updates reveal that flagship destinations such as Chadstone, The Glen, and Queen Victoria Building delivered notable sales uplifts, bolstered by resilient consumer demand and the ongoing success of strategic refurbishments. The company also highlighted increased foot traffic and luxury retail leasing successes, particularly at Chadstone, which continues to consolidate its status as Australia’s top-performing retail centre.
The company has successfully completed a $450 million green bond issue to fund sustainable property initiatives. Vicinity’s landmark green bond transaction, completed in early June, reflects robust investor confidence and reinforces the REIT’s leadership in sustainability within the Australian property sector. The funds are earmarked for energy efficiency upgrades, renewable energy installations, and other eligible green projects in Australian centres, supporting longer-term value creation and enhanced resilience to environmental regulation.
Vicinity Centres reaffirmed its FY24 guidance, with management confirming strong momentum and reiterating its trust in retail fundamentals. During its June investor briefing, the management team maintained its distribution guidance of 12.0-12.5 cents per security, citing ongoing strength in specialty, luxury, and supermarket categories. The update also noted reduced vacancy rates and continued leasing demand, suggesting healthier occupancy dynamics than earlier in the year and supporting forecasts for stable near-term cash flows.
Expansion and enhancement projects at Chadstone and Box Hill are progressing on schedule, driving future income potential. As per investor updates, the $485 million expansion of Chadstone’s retail and dining precinct is moving forward, with new international tenants and high-end local brands secured for upcoming stages. The mixed-use development in Box Hill, including the 29-level office tower, is also advancing as planned, with pre-leasing activity meeting targets and providing a pipeline of revenue growth post-completion.
The retail property sector’s outlook in Australia remains favourable due to stable consumer sentiment and robust economic conditions. Recent analysis from national property consultancies and economists referenced by Vicinity suggest that shopping centre visitation and discretionary spending volumes remain consistent, despite interest rate pressures. The combination of stable unemployment, ongoing population growth, and low levels of new retail supply supports asset values, and key Vicinity locations continue to attract tenant demand ahead of peers, reinforcing the security’s appeal.
FAQ
What is the latest dividend for Vicinity Centres stock?
Vicinity Centres currently pays regular semi-annual dividends. The latest announced dividend was 6.25 cents per share, with the most recent payment made on 28 February 2024. Vicinity Centres’ dividend distributions tend to track the company’s robust property income and are supported by its established policy of returning a significant portion of profits to shareholders. Historically, the stock’s yield is considered attractive for income-focused investors within the Australian REIT sector.
What is the forecast for Vicinity Centres stock in 2025, 2026, and 2027?
Based on the current share price of approximately $1.63, the projected price for the end of 2025 is $2.12, for 2026 is $2.45, and for 2027 is $3.26. These forecasts suggest solid growth potential, influenced by Australia’s ongoing recovery in retail spending and Vicinity Centres’ well-located portfolio of shopping centres. Analysts generally remain optimistic about the company’s ability to deliver consistent returns, especially as the retail property sector continues to rebound.
Should I sell my Vicinity Centres shares?
Holding onto Vicinity Centres shares may be worthwhile given the company’s strong asset base, historical resilience in challenging environments, and consistent distribution performance. The business benefits from high-quality shopping centre locations across Australia and has demonstrated the ability to adapt its strategy as market conditions evolve. For investors seeking medium- to long-term exposure to Australian retail property, retaining shares can be an appropriate option based on current fundamentals and sector momentum.
How are dividends and capital gains from Vicinity Centres shares taxed in Australia?
Dividends from Vicinity Centres are typically subject to Australian income tax but may come with franking credits, which can help offset your tax liability. Capital gains on sale of shares are taxed according to your marginal rate, though discounts may apply if the investment was held for more than 12 months. As an ASX-listed trust, Vicinity Centres does not qualify for superannuation-specific schemes. You should consider withholding tax in the case of non-resident investors.
What is the latest dividend for Vicinity Centres stock?
Vicinity Centres currently pays regular semi-annual dividends. The latest announced dividend was 6.25 cents per share, with the most recent payment made on 28 February 2024. Vicinity Centres’ dividend distributions tend to track the company’s robust property income and are supported by its established policy of returning a significant portion of profits to shareholders. Historically, the stock’s yield is considered attractive for income-focused investors within the Australian REIT sector.
What is the forecast for Vicinity Centres stock in 2025, 2026, and 2027?
Based on the current share price of approximately $1.63, the projected price for the end of 2025 is $2.12, for 2026 is $2.45, and for 2027 is $3.26. These forecasts suggest solid growth potential, influenced by Australia’s ongoing recovery in retail spending and Vicinity Centres’ well-located portfolio of shopping centres. Analysts generally remain optimistic about the company’s ability to deliver consistent returns, especially as the retail property sector continues to rebound.
Should I sell my Vicinity Centres shares?
Holding onto Vicinity Centres shares may be worthwhile given the company’s strong asset base, historical resilience in challenging environments, and consistent distribution performance. The business benefits from high-quality shopping centre locations across Australia and has demonstrated the ability to adapt its strategy as market conditions evolve. For investors seeking medium- to long-term exposure to Australian retail property, retaining shares can be an appropriate option based on current fundamentals and sector momentum.
How are dividends and capital gains from Vicinity Centres shares taxed in Australia?
Dividends from Vicinity Centres are typically subject to Australian income tax but may come with franking credits, which can help offset your tax liability. Capital gains on sale of shares are taxed according to your marginal rate, though discounts may apply if the investment was held for more than 12 months. As an ASX-listed trust, Vicinity Centres does not qualify for superannuation-specific schemes. You should consider withholding tax in the case of non-resident investors.
