Mall giants SCA Property Group and Charter Hall Retail REIT provided earnings and distribution guidance for the first time this financial year after forecasting a strong rebound in trading performance heading into Christmas following the ending of the NSW lockdown and the imminent end of the lockdown in Victoria.

The two REITS, which combined own and manage around $7.7 billion of neighbourhood malls, regional shopping centres and other retail property, did not provide earnings guidance when they reported their full-year results in August due to the uncertainty at the time about when these lockdowns would end.