Latest David Jones News

The GPT Group has reaffirmed its FY 2026 earnings and distribution guidance after maintaining 97.6% portfolio occupancy in the September quarter. Retail and logistics remained particularly firm, while office leasing improved at Grosvenor Place and a $380 million Brisbane acquisition expanded the group’s value-add partnership.

Vicinity Centres faces uncertainty over four David Jones stores after the retailer entered administration and receivership, with $2.2 million in unpaid rent and no bank guarantees supporting the leases. The property group says its FY27 earnings guidance is now under review.

David Jones’ administration and receivership has placed four Vicinity Centres stores, $2.2 million of unpaid rent and FY27 earnings guidance in question. The properties generate approximately $34 million, or 2.4%, of Vicinity’s portfolio gross rental income, but the eventual financial impact remains unclear.

Scentre Group has reaffirmed its 2026 earnings and distribution targets after reporting higher customer traffic, stronger business partner sales and record-level occupancy across its Westfield portfolio. The update also puts a number on the group’s exposure to David Jones and details fresh debt funding and asset recycling.

Scentre Group has reaffirmed its 2026 funds-from-operations and distribution targets after reporting stronger visitation, sales and leasing metrics across its Westfield portfolio. Exposure to David Jones remains material in floor space but limited in earnings terms, with rent paid through September.

Beonic Limited reported a 5.5% revenue increase to $11.2 million and reduced its net loss to $1.44 million for the half-year ending December 2025. The company also repaid a $4.65 million loan and secured a major $7.3 million contract to deploy passenger flow management solutions across seven Moroccan airports.

Latitude Group Holdings Limited reported a robust 59% increase in Cash NPAT for FY25, driven by strong volume growth and margin expansion, while declaring a fully franked 9.00 cents per share dividend.

Beonic Limited has secured a $7.3 million contract phase for its Moroccan Airports project, completed a $4.27 million capital raise, and fully repaid a $4.65 million USD loan, underpinning its continued EBITDA profitability and positive cash flow.

Scentre Group reports a 3.1% rise in customer visits and a $29.5 billion sales tally across its Westfield centres, while confirming its 2025 earnings and distribution targets.

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.

Vicinity Centres delivered a robust FY25 with statutory net profit surpassing $1 billion, driven by strategic premium asset acquisitions and successful retail developments. The company reaffirms its positive earnings guidance for FY26 amid sustained retail sales growth and high occupancy.

Vicinity Centres reported a record statutory net profit exceeding $1 billion for FY25, driven by strategic asset acquisitions and strong retail sales growth. The company reaffirmed its FY26 earnings guidance amid positive retail sector momentum and ongoing portfolio enhancements.