Scentre's sales hold up amid retail pressure
Nick LenaghanProperty editor
Key Points
- Full-year revenue ($m) 2616.4, down -0.7%
- Pre-tax profit ($m) 1244.5, down 46.9%
- Net profit ($m) 1187.6, down 48.3%
- Final dividend 11.3c, up 2%
- Date dividend payable February 28
Sales growth among the specialty tenants in Westfield malls – among them leisure, fashion and tech stores – has held up even as landlord Scentre navigates a softening retail environment.
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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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