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Westfield owner Scentre dumps interim distribution

Nick Lenaghan

The return of retailers to Westfield malls has outweighed the short-term pain for shopping centre operator Scentre, which has ditched its interim distribution to shore up its finances.

The shopping mall giant had already withdrawn guidance for earnings and distributions in March in response to the initial impact of the coronavirus pandemic.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/commercial/westfield-owner-scentre-dumps-interim-dividend-20200511-p54rql