Latest Scentre (ASX:SCG) News

Scentre Group’s half-year profit jumped 24.6% to $974.5 million despite a revenue dip, driven by strong property valuations and operational growth. The group raised full-year earnings and distribution forecasts while advancing key redevelopment projects and strategic land initiatives.

Scentre Group has sold half ownership of Westfield Mt Gravatt to Australian Retirement Trust for $882.5 million, marking a strategic joint venture and a 3.5% premium to book value.

Scentre Group has announced an estimated distribution of AUD 0.09215 per stapled security for the half-year ending 30 June 2026, with a Dividend Reinvestment Plan available and currency election options for investors.

Scentre Group has successfully tendered 89% of its US$1.312 billion 2030 subordinated notes and plans to redeem the remainder, boosting liquidity to A$3.2 billion while maintaining 4% growth targets for 2026.

Scentre Group has initiated a tender offer to repurchase all of its US$1.312 billion Non-Call 2030 Subordinated Notes, aiming to refinance this debt through existing senior bank facilities. The move follows recent capital management efforts and sets the stage for updated debt metrics.

Scentre Group's first quarter update reveals robust retail sales growth and strong leasing metrics, alongside significant capital management moves including bond redemption and a major joint venture stake sale.

Scentre Group has announced an ordinary dividend of AUD 0.08905 per security for the six months ending December 2025, with a Dividend Reinvestment Plan option available. The full year results will be released on 24 February 2026.

Scentre Group has sold a 19.9% stake in Westfield Sydney to Australian Retirement Trust for $864 million, reinforcing its strategy of capital recycling through joint ventures.

Scentre Group has sold a 25% stake in Westfield Chermside to a Dexus-managed fund for $683 million, maintaining half ownership and management control. This move injects fresh capital aligned with its long-term strategy.

Scentre Group reports a solid operating update for 2025, highlighting increased customer visits, rising business partner sales, and near-full occupancy across its Westfield centres.

Scentre Group reports a 3.2% rise in first-half Funds From Operations to $587 million and upgrades its full-year distribution guidance, reflecting strong retail property performance and strategic growth initiatives.

Scentre Group has announced its actual ordinary dividend for the six months ended June 2025, alongside detailed currency options and dividend reinvestment plan pricing.