Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform, and $24 billion in retail assets under management across 60 shopping centres, making it the second largest listed manager of Australian retail property. The Group has a Direct Portfolio with interests in 59 shopping centres (including the DFO Brisbane business) and manages 30 assets on behalf of Strategic Partners, 29 of which are co-owned by the Group. Vicinity is listed on the Australian Securities Exchange (ASX) under the code 'VCX' and has 24,000 securityholders. Vicinity also has European medium term notes listed on the ASX under the code 'VCD'.
Metrics to compare | VCX | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipVCXPeersSector | |
---|---|---|---|---|
P/E Ratio | 16.9x | −4.0x | 7.5x | |
PEG Ratio | 0.17 | 0.03 | 0.01 | |
Price / Book | 0.9x | 1.2x | 0.9x | |
Price / LTM Sales | 7.0x | 6.3x | 4.0x | |
Upside (Analyst Target) | 13.3% | 13.8% | 17.4% | |
Fair Value Upside | Unlock | 2.6% | 0.7% | Unlock |